ex machina
"One of the things to take away from this is that EDS has very thin gross and operating margins. Further, if a free software business based on services wants to do some development and contribute back, that R&D line is going to have to go up to at least 1% or 2%. That's going to reduce operating margins to 7.4%. At 7.4%, investors are going to be tough to attract. Remember, that's operating margin. Net income is going to be 3% to 5%. Double tax-free municipal bonds are 5%. Why would an investor put money into a company (where there is risk), when they could put that money into low-risk munis and get the same or better return??? Further, why invest in a business like EDS at all when MS returns 41% net income? This is why MS is a much more valuable company."[ via tim ]
10/10/2001 08:38:00 AM
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[ rhetoric ]
“"it is hard to be brave," said piglet, sniffing slightly, "when you're only a Very Small Animal." rabbit, who had begun to write very busily, looked up and said: "it is because you are a very small animal that you will be Useful in the adventure before us."”
the complete tales & poems of winnie the pooh[ about ]
this site chronicles the continuing adventures of my son, odin, who was unexpectedly born on the fourth of july at 25 weeks gestation, weighing 1 pound 7 ounces.
he's quite a fighter and you can always send him a postcard to the most current address listed here if you're inspired by his adventures. see the postcard project/google maps mashup to see a map of the postcards.
if you're new, you can browse the archives to catch up. and don't forget to watch a few movies that i made while we were in the neonatal intensive care unit. or if you want the abridged version and you can find a copy, you can read about his adventures in the november 2005 issue of parents magazine.
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