94 karma · joined February 23, 2008
They did exactly this a year before Jobs came back. In spite of Jobs's claims to the otherwise, the experiment did not last long enough to indicate whether it would have been viable in the long term. What is clear is that the clone makers where releasing computers more expandable and powerful than what Apple actually had on the market.
http://www.overcomingbias.com/2008/12/against-interesting-pr...
I will also note that the ad is promoting explicit high-level programming skills and states that "[F]amiliarity with web servers and HTML would be helpful but is not necessary." This would have cut-off a lot of people who were riding the "web development" bandwagon (rudimentary HTML, perhaps some CGI scripting) and gotten the attention of lot of skilled people looking to catch a quick IPO.
I think one really has to understand the legal implications of forming a corporation (what you can and cannot do, what you will and will not be liable for) before one can accurately assess the necessity of having a lawyer handle that task. Lawyers don't make money filing papers; they make money suing people who screwed up the paperwork.
I am not slagging the author of the blog cited in this thread but some details about the price point and features would have helped emphasize how "game-changing" this camera really is. Once again, I can agree with that.
Also, we have yet to see what price the Yahoo board would actually sell at. In light of their saggy long-term growth outlook and numerous attempts to run away from the deal (deals or mergers with Google or AOL) a decent stock bump from a News Corp/Microsoft combination would test their sincerity re: a higher price.
I wonder to what extent Warren Buffett's treatment as a oracle by the financial press creates a non-helpful feedback loop where complex financial activities that can't be reduced to simple homilies (i.e., buy low, sell high) are immediately viewed as inevitably catastrophic and diabolical.
I say this with particular focus on the notion, which is once again stated in this article, that if Buffett doesn't understand it, who does? Apparently, a whole lot of very very smart people understand these systems (exotic financial instruments, electronic trading systems) enough to make them a significant part of the modern economic structure. Certainly, there is something more complex and nuanced going on here but you would not know it from the way the press (via Buffett) is presenting it.
http://www.austin360.com/news/mplayer/m/73367
Judge for yourself.