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Google IPO likely to generate fabulous wealth _ and hassles







Google IPO likely to generate fabulous
wealth _ and hassles

Google IPO likely to generate fabulous
wealth _ and hassles
07/27/2004 07:45 PM

San Francisco Chronicle Jul 27 2004 11:10PM GMT




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Google IPO likely to generate fabulous wealth _ and hassles

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  • NY Times: Before You Buy Into That I.P.O., Search 'Lemmings'. "The company's valuation is clearly based more on the hype factor than business fundamentals," said Ashok Kumar, a technology analyst at Raymond James & Company. Unlike many of the Internet companies that came to life at the end of the last decade, Google turns a sizable profit ($79 million in the second quarter of 2004, up 147 percent from a year earlier). But Mr. Kumar nonetheless concluded that its pricing "harkens back to the late 90's boom."

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    Source: SFGate.com - New wealth could threaten Google's unique culture. If past Silicon Valley companies are any guide, some workers may lose motivation or quit....

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    Pre-Fabulous


    Pre-Fabulous 01/16/2004 11:33 AM

    I love the idea of prefab homes using the most modern materials and layouts with a nod to energy savings. It's probably just my inner geek talking, but since computers and electronics keep getting faster and cheaper, why can't the advances in technology carry over to similar savings in things like homes? In the past 50 years, we've learned a lot about the psychology of spaces, how best to insulate a space, and how to take advantage of wind and solar energy. Yet most American homes are using the same designs post-war housing was built to, just with larger rooms, better windows, and better insulation in the walls.

    Some enterprising architects have attempted to tackle this problem of how to design and build custom modern housing at an affordable cost. These homes look incredible and although a bit small, pretty close to what I'd want in a dream house. Lots of open floor space, seamless living, cooking, and dining areas, and simple bedrooms. I wonder what the costs would run to build a place like this, hopefully just a couple hundred grand or so, though I'm sure building the whole thing from scratch in most markets would run you almost half a mil. [via Doug]


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    prefabMy friend Guy is considering the purchase of a stylish prefab home. He pointed me to FabPreFab, a mind-blowing clearinghouse of prefab dwelling design.
    "Predominant mass-market housing programs such as project homes or tract housing largely fail to meet the desires of people who appreciate a modernist design aesthetic. Custom-designed modernist architecture is beyond the financial reach of many people and so prefab is viewed as a design and production ideology that has the potential to deliver affordable modernism."
    Some of these abodes can be ordered online and delivered on several trucks. Others are airlifted onto rooftops. Don't miss the transformed shipping containers either! Link

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    Technical niggles keep Fable from
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    Vegas chic: Fabulous Nowhere t-shirts


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    This looks exactly like the sort of thing I expected to plug my mirrorshades into.

    Read - Product Page (Korean) [MBird via I4U]


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    The source of Harvard's wealth


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    Just back from a trip to New York City.  Richard and I flew back from Teterboro airport in his fire-breathing turbocharged Mooney.  It was JFK, Jr.-style haze all the way to Boston and a fair amount of time inside actual clouds.  I'm studying to become a flight instructor so I did 30 minutes of instrument flying from the right seat, craning my neck to see the instruments that are placed in front of the left seat.  As we drove back to my apartment it was nice to see how much progress Harvard is making on a $100 million construction project two blocks from where I live.  They tore down two 30-40-year-old faculty and research office buildings and are rebuilding them exactly the same size but more opulent.

    After I'd carted my purchases from New York's Strand Bookstore upstairs I turned on my PC, still wondering how an organization could grow so rich that they could afford to tear down buildings every 30 years.  Waiting in my inbox was the following email:

    "As many of you know, I've been entertaining the thought of moonlighting this summer as a stripper to earn more money to pay for school in the fall..."

    Our friend will be writing Harvard a check for almost $33,000 in September (tuition plus "health fees").


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