Written on 2:42 PM by nitesh
To make the smallest ipod shuffle look more as a fashion accessory Apple has come up with four new colors of shuffle:
apart from existing silver. The color change is done to keep the momentum of the sales high after the holiday season in which record number of ipods were sold. The price of the shuffle is kept the same at $79.
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Written on 12:28 PM by nitesh
Quashing all the media conjectures regarding CSN taking over the Corus, Tata bought corus paying a hefty sum of 608pence per share. As expected both the bidders maintained a cautious approach in the bidding and the whole process continued till decided 9 rounds . Tata ultimately won the battle after CSN backed off after bidding till 603p. Tata raised the offer to 608p and corus was ours. This is a big victory for Indian industry, a giant leap by India i will modify Armstrong words ( One step for man, one giant leap for mankind.) to One step by Tata, one giant leap for the India.
Nobody has expected that Tata would pay such a hefty price for the corus , but sources say that the Tata's bidding process was boosted by impressive quarterly results announced yesterday.
Now we have to see how the synergies between the two companies having total capacity of 19 millions tonnes go.
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Written on 9:59 AM by nitesh
Today is the grand finale of the biggest reality show i.e Who will buy Corus !!! CSN (Companhia Siderurgica Nacional) or TATA. Who needs to watch Big Brother or Big Boss when you have far bigger and fascinating dramas to watch for in real life. The bidding process for the Corus will start today at 10.00pm IST and will close at 8.00 am . There are maximum of 9 rounds and in each bid there should be a minimum jump of 5pence per share. If by any chance there is tie the result will be certainly declared by 1st Feb.
Both the bidders have previously termed their respective offers - 500 pence a share by Tata and 515 pence bid by CSN - as fair valuation for Corus while promising no job cuts after the deal. Tatas will have to make an offer of 520 to stay in the bidding process otherwise the battle will be over before even starting.
Bigger segment of media is favouring the Brazilian CSN as its present bid is higher then the Tatas and there are rumours that CSN is so interested in Corus that it can go till 600p per share. But we cannot take Tatas easily , Tatas have not yet showed their cards there may be a surprise coming. British media are comparing Tatas with Shilpa Shetty who calmly won the Big Bro reality show. It's like a poker game , the earlier you reveal your cards more the chances that the rival will go for the kill. The auction process that could take the final bid to anything above $11 billion and the winner will become the 5th largest steel player in the world.
Isn't the whole process exciting !!
The auction process is very much like a thriller hindi movie in which there are two heroes wooing for the female actor and in the climax another hero comes up and go away with the actress. The possiblity of a 3rd surprise bidder cannot be ruled out. Investor bankers are working overtime to finalize the bidding strategies , Tata board will meet today for the quarterly results but the main agenda will be Corus. Tata is represented by Deutsche Bank, ABN Amro and NM Rothschild, while CSN is advised by Lazard and Goldman Sachs.
The battle is now not limited to companies only, all the industry in the three countries is eagerly watching it. Such battle will become a routine in coming years as BRIC (Brazil, Russia, India and China) nations' hunger is increasing and the day is not far when we will see companies from these countries bidding for US giants and eventually winning them.
There is one more angle also , the bidder who feels they are losing should try to increase the bid to a very high amount so that the winner will have to pay a heavy price for the Corus , then the loser can bid for Tata-Corus of CSN-Corus after 4-5 years. The battle will be far from over on Feb 1st.
Next soap coming is
Kaun Jitega Hutch. Last few finalist in the show are Reliance , Vodaphone , Orascom , Essar , Hindujas , Maxim . Though some are small companies but they will play the spoil sport .
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Written on 5:59 PM by nitesh
There are thousands of sites on web2.0 what if you get a directory of all this, Go2Web2.0 is a nice directory of all web2.0 sites . In it all the web2.0 sites are listed with their unique logos. Click on a logo and you will be presented with site information in the sidebar , Simply click on the logo again and you will be taken to the chosen site.
Logos can be sorted in alphabetical order or by date added. There is filtering option using which we can filter sites related to 3d, ajax, blogging etc. If your favorite site is not listed, you can submit is for approval to the directory. They even have a RSS feed for all the Web 2.0 junkies wanting up to the minute updates. So check it out and ready to spend hours
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