stlplaceLast Updated on January 10, 2007 by stlplace
Well, just a day after Steve unveiled the iPod phone (so called iPhone by many people, don’t know whether Steve actually used that name). Cisco obviously did not appreciate that its very own iPhone name being used…they filed a lawsuit. As we know, those kinds of lawsuits are about money, I bet there are some happy lawyers in Sillicon Valley today. Another picture from engadget.
Last Updated on January 11, 2007 by stlplace
I heard about the “angel investor” term a while ago, but I have not thought seriously about their profiles, their networth, etc. This is until recently I thought about doing this myself, I mean providing seed money for some Internet startup in China.
I think in general angel investors are rich people 🙂 As a minimum they should come up with 10,000 to 100,000 (USD? CNY?) to get a company started. My favorite “angel investor” story is when the two Google guys got started, one Sunday morning they went to the home of Sun Microsystems cofounder. The Sun guy listened to their pitch for a few minutes, liked the idea, but he needed to go to church. So he gave them a $200,000 check. We all know the rest is the history.
Last Updated on January 10, 2007 by stlplace
I was on shopping spree on stocks lately. Since I bought the Panera Bread (PNRA) last Friday, this Monday I bought some Telestone (TSTC), a Chinese wireless equipment maker; on Tuesday I bought some Ninetowns (NINE), a China based software company not new to me because I lost money on it in the past 🙁
These are two speculative plays. Telestone recently moved from Amex to Nasdaq, and it is posed to benifit from the 3G services adoption and Olympics in China. Ninetowns’ software business is stablizing after one year and half’s transition period; it also is building up B2B services through tootoo.com and globalmarkets aquisition.
I only took a small position on these two as they are a bit speculative right now. As you may see from their stock prices (about $9 for TSTC, and about $5 for NINE). I am going to hold them for longer time. I was reading Philip Fisher’s “Uncommon Profits in Common Stocks”, one thing amazed me is Phil will hold a stock as long as its fundamentals are good. I guess great investors like Buffett and Fisher all have great patience 🙂