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Jumsoft releases Money 1.0 personal accounting app







Jumsoft releases Money 1.0 personal
accounting app

Jumsoft releases Money 1.0 personal
accounting app
12/04/2003 06:00 PM

Jumsoft today announced the release of Money 1.0, an easy-to-use personal accounting application targeted at those Mac OS X users who need "a very simplistic, intuitive and uncluttered application."...




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Jumsoft releases Money 1.0 personal accounting app

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http://www.cetis .ac.uk/content2/20050304144500

Born of the recognition that the vast majority of learning and teaching material lives on peoples' PCs, the LionShare project aims to provide a simple and trusted way to share those materials with others. The open source application isn't quite done yet, but a useable beta has just been released. There are, of course, reasons why people keep most of their interesting stuff on their own machines — convenience and control being pretty important ones. Compared to a curatorial repository or a plain webserver, material on your hard disk is easier to access and control, and can be in any state of completion. The LionShare team figured that, if these riches are to be exposed to others, as much of that convenience and control needs to be retained. Hence the choice for a peer-to-peer application. In terms of convenience, this kind of programme has the advantage that it sits on your own machine and talks to its peers on other PCs directly. The material that you manage is therefore always 'there'. In terms of control, a peer-to-peer also has the advantage that the user herself determines what is shared at any given point in time. Conventional peer-to-peer clients also have some flip-sides, though. Convenience doesn't extend to a guarantee that a peer with a particularly interesting resource will be available when you go look for it, for example. Likewise, control generally extends to what is shared, not with whom or under what conditions. Hence the ongoing kerfufle around peer-to-peer clients such as the eDonkey, KaZaa and Limewire that are widely used to illegally distribute copyrighted materials.That illicit use makes peer-to-peer file sharing applications rather unpopular with college or university administrators, who fear the mores and lawyers of the rights owners. LionShare technical aim, then, is to address these drawbacks in order to make a peer-to-peer file sharing application that can work in an educational environment. Chief amongst these is to build in trust by making it impossible to use the application anonymously. All LionShare users need to authenticate first, so that each available resource shows by whom it is shared. Likewise, there is built in support for a server to enable people to share things even if their machines are not running. What it does now .... The current, 0.6, release is already a good deal of the way there. It does the authentication thing, with single sign on, provided the institutional network has a Kerberos implementation. Because that's in place, you can easily see whom you're sharing what with.

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Jumsoft, a developer best known for its Keynote theme packs and such applications as Process and Money, announced on Thursday a contest aimed only at Mac users. Entrants are asked to craft proposals explaining how they would use the contest's prize -- the domain www.xcodelife.com, Mac OS X v10.3 Server and hosting services consisting of 5GB of drive space, 10GB of bandwidth, 20 e-mail addresses, 10 sub-domains, PHP, WebObjects, CGI and custom-installed software -- in the most creative manner. The company notes that there are no guidelines for entries; ideas mentioned by general manager Saulius Dallide include "a user-friendly Web site for Mac OS X developers, a magazine, a developer mailing list, [or] an open source project." Entries must be received by Sept. 30, however; visit its official Web site for more details.

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Jeremiah writes "Amidst the public ballyhoo about how rampant P2P piracy is costing the music business its very life (gasp! NO!), BMI announced it collected a record level of revenue and royalty payout to its artist members. From their press release: "BMI has reported revenues of $673 million for the 2004 fiscal year, an increase of nearly $43 million, 6.8% over the prior year. Royalties of more than $573 million were distributed to our songwriters, composers and music publishers, an increase of $40 million or 7.5% from the previous year, and the most ever paid by an American PRO." Another interesting tidbit: "During the period 1995-2004, BMI had an average annual revenue growth rate of 9%..." If I read this right, BMI has been reporting solid growth over the last nine years, which makes me question the industry's claims about P2P. Either P2P ate into their growth (not mentioned), they found a way to cope with it (plausible), or it may actually help music sales. Whatever. Reminds me a bit of a spec I did for a life-insurance company's radio ad: Money , Money, Money (mp3 file)."

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  • Mercury News: Sto ck options rules issued. Accounting rule makers handed down long-awaited final guidelines Thursday that will force companies to deduct the value of billions of dollars of employee stock options from reported profits starting in mid-2005. The change, which is intended to give investors a more accurate picture of companies' compensation costs, is expected to reshape how workers are paid in Silicon Valley and the technology industry.
  • The tech industry and its backers are spinning this as a disaster, as if telling shareholders what's actually going on with their money is wrong. In a recent column I wrote:
    "The tech industry invites ridicule when it complains that expensing options would create misleading financial statements. Yet today's financial reports already involve creative fiction in many cases. (Defenders of options insist, unconvincingly, that today's statements are entirely clear.) To listen to the industry, investors are smart enough to figure out the real deal under the current misleading accounting system. Yet the very same investors will suddenly become too stupid to grasp a different accounting system that also has some fuzzy features."
    There are ways to calculate the value of the options. They aren't perfect, but they're a lot more honest than the current system, which pretends they have essentially no impact. Now the tech barons will say they have to curb options grants to the rank-and-file and keep them only for senior executives. This will mock the executives' longstanding claim that the purpose of options was to align employees' interests with the shareholders' interests. A few companies have spread the options around. But for many, they were granted largely to the top folks in any event -- a way of hiding the value of massive compensation packages from shareholders. Time for Silicon Valley to wake up and stop cooking the books. Will we?

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