Hi all,
I have moved my blog to http://oneidiotbox.blogspot.com/
Bookmark the above url for further updates.
Thanks,
Baskar Mookkan
Thursday, December 09, 2010
Tuesday, November 30, 2010
Facebook Now Worth $50 Billion In Secondary Trading
It was just a few weeks ago that Accel Partners sold off around half a billion dollars of Facebook shares at a company valuation of $35 billion. If you thought that was insane, and a lot of commenters did, then don’t read the rest of this post. You’ll only get more jealous.
Around $40 million changed hands last week in a Facebook 
share auction held by SecondMarket. The end price per share was $20.76, and about 1.9 million shares were bought and sold. And based on there being around 2.5 billion shares outstanding after a 5-1 stock split earlier this year, that values Facebook at around $50 billion. As far as we know, this is an all time high.
share auction held by SecondMarket. The end price per share was $20.76, and about 1.9 million shares were bought and sold. And based on there being around 2.5 billion shares outstanding after a 5-1 stock split earlier this year, that values Facebook at around $50 billion. As far as we know, this is an all time high.At a $50 billion valuation Facebook is has more than 1/4th the market capitalization of Google, and nearly 1/4th the value of Microsoft
. It’s worth more than eBay 
and Yahoo 
as well, and closing on Amazon’s $80 billion valuation.
. It’s worth more than eBay and Yahoo as well, and closing on Amazon’s $80 billion valuation.The email sent out to auction participants is below. A new auction is beginning shortly. We’ve reached out to SecondMarket for comment.
To All Facebook Market Participants:
Thank you for your feedback and participation in last week’s Facebook auction. As we had hoped, there was robust seller and buyer participation — the auction fully cleared at a per share price of $20.76. In addition, there was overwhelmingly positive feedback on the auction process. As a result, we will be continuing to conduct these auctions for the foreseeable future. For this week, the process will remain reasonably similar, with slight tweaks to the timeline. The reserve price for this week will be $20.60, the same as last week.
If you own shares that you are eligible to sell and wish to participate as a seller, please complete the attached Seller Information Sheet and submit it to SecondMarket at fb@secondmarket.com by tonight, Monday, November 29th, at midnight EST.
If you would like to participate as a buyer, please complete the attached Buyer Information Sheet and submit it to SecondMarket at fb@secondmarket.com by Wednesday, December 1st at 12:00 PM EST.
Please see below for more detailed results on last week’s auction and for this week’s auction calendar:
11/22-11/26 Auction Results:
Total Number of Shares Offered for Sale: 1,896,265
Number of Shares Cleared in Auction: 1,896,265
Reserve Price: $20.60
Clearing Price: $20.76
11/29-12/3 Auction Timeline:
· Monday, November 29th at 10:00 AM EST – Auction process commences
· Monday, November 29th at 11:59 PM EST – Seller order forms due
· Tuesday, November 30th at 9:00 AM EST – Buyers informed of share quantity available
· Wednesday, December 1st at 12:00 PM EST – Buyer order forms due
· Wednesday, December 1st at 5:00 PM EST – Participants informed of auction results
· Wednesday, December 1st at 8:00 PM EST – Transaction documentation distributed to buyers and sellers
· Friday, December 3rd at 4:00 PM EST – Completed transaction documentation due from buyers and sellers
· Friday, December 3rd at 7:00 PM EST – Notice to be sent to Facebook, Inc.
- Techcrunch
Tuesday, October 07, 2008
New from Google Labs: Stop sending mail you later regret
Sometimes I send messages I shouldn't send. Like the time I told that girl I had a crush on her over text message. Or the time I sent that late night email to my ex-girlfriend that we should get back together. Gmail can't always prevent you from sending messages you might later regret, but today we're launching a new Labs feature I wrote called Mail Goggles which may help.
When you enable Mail Goggles, it will check that you're really sure you want to send that late night Friday email. And what better way to check than by making you solve a few simple math problems after you click send to verify you're in the right state of mind?
By default, Mail Goggles is only active late night on the weekend as that is the time you're most likely to need it. Once enabled, you can adjust when it's active in the General settings.
Hopefully Mail Goggles will prevent many of you out there from sending messages you wish you hadn't. Like that late night memo -- I mean mission statement -- to the entire firm.
When you enable Mail Goggles, it will check that you're really sure you want to send that late night Friday email. And what better way to check than by making you solve a few simple math problems after you click send to verify you're in the right state of mind?
By default, Mail Goggles is only active late night on the weekend as that is the time you're most likely to need it. Once enabled, you can adjust when it's active in the General settings.
Hopefully Mail Goggles will prevent many of you out there from sending messages you wish you hadn't. Like that late night memo -- I mean mission statement -- to the entire firm.
Friday, August 29, 2008
Right to emergency care hoax mail??
Recently a particular email, which apparently had the consequence of augmenting the patriotic feelings of many Indians, has been flooding many inboxes. The content of this particular email is as follows.
"Right to Emergency Care:
Date Of Judgment: 23/02/2007.
Case No.: Appeal (civil) 919 of 2007.
The Supreme Court has ruled that all injured persons especially in thecase of road traffic accidents, assaults, etc., when brought to ahospital / medical centre, have to be offered first aid, stabilized andshifted to a higher centre / government centre if required. It is onlyafter this that the hospital can demand payment or complete policeformalities. In case you are a bystander and wish to help someone in anaccident, please go ahead and do so. Your responsibility ends as soonas you leave the person at the hospital.
The hospital bears the responsibility of informing the police, firstaid, etc.
Please do inform your family and friends about these basic rights sothat we all know what to expect and what to do in the hour of need.Please not only go ahead and forward, use it too!!!!"
While those whose degree of patriotism is determined by the frequency of such emails coming to their inbox daily (which in turn i reckon is due to their insecurity feelings) wanted to readily believe this mail, some others tried to look at this particular email objectively and sought to look at the bona fides of the email. Accordingly it’s been concluded that this email also is a hoax.
They have reached this conclusion by searching for the original judgement using the case no: given above (full judgements of all SC cases are available from SC website). Consequently they have found out that case no: Appeal (civil) 919 of 2007 deals with a completely different subject. (It is about a no-profit charitable hospital based in Ghanapur, Andhra Pradesh having claimed exemptions on imported medical equipments, based on Para 2 of Notification No. 64/88-Cus, which were granted. But since according to the classification of hospitals by the notification, it fell under Para 3, it also applied for exemption under the same, after the first exemption was granted. On rejection of the second application, they filed the case in the AP High Court, which again didn’t go in their favour and hence this case was filed in Supreme Court.)
I will add my own reason for concurring with their finding out that the mail is hoax. Such cases which go to the SC wanting to enforce the fundamental rights will be writ petitions and not Appeal(civil) cases as is the case in the given mail. So without further research, one could have safely concluded that the given mail is a hoax.
But for all those ‘patriotic’-minded people out there who felt deceived by the present mail, don’t worry….continue keeping ‘jai hind’ as your signature in your emails and blog postings..for, our own SC judgement has arrived at more or less the same conclusions 18 years ago..yes, it is true.. you can verify it on your own.. and I’ll try to explain it in layman jargon as far as possible.
Two important judgements relating to this are Paramanand Katara v. Union of India (Writ Petition (Criminal) No. 270 of 1988) and later in Paschim Mazdoor Samiti v. State of WB (Writ Petn. (Civil) No. 796 of 1992).
In Paramanand Katara, the SC has held that "Article 21 (which provides that no person shall be deprived of his life or personal liberty except according to procedure established by law) of the Constitution casts the obligation on the State to preserve life. The provision as explained by this Court in scores of decisions has emphasised and reiterated with gradually increasing emphasis that position. A doctor at the Government hospital positioned to meet this State obligation is, therefore, duty-bound to extend medical assistance for preserving life. Every doctor whether at a Government hospital or otherwise has the professional obligation to extend his services with due expertise for protecting life. No law or State action can intervene to avoid/delay the discharge of the paramount obligation cast upon members of the medical profession. The obligation being total, absolute and paramount, laws of procedure whether in statutes or otherwise which would interfere with the discharge of this obligation cannot be sustained and must, therefore, give way. On this basis, we have not issued, notices to the States and Union Territories for affording them an opportunity of being heard before we accepted the statement made in the affidavit of the Union of India that there is no impediment in the law. The matter is extremely urgent and in our view, brooks no delay to remind every doctor of his total obligation and assure him of the position that he does not contravene the law of the land by proceeding to treat the injured victim on his appearance before Him • either by himself or being carried by others. We must make it clear that regulations cannot operate as fetters in the process of discharge of the obligation and irrespective of the fact whether under instructions or rules, the victim has to be sent elsewhere or how the police shall be contacted…."
Again in Paschim Mazdoor Samiti v. State of WB (Writ Petn. (Civil) No. 796 of 1992), the SC has held that
"The Constitution envisages the establishment of a welfare state at the federal level as well as at the state level. In a welfare state the primary duty of the Government is to secure the welfare to the people. Providing adequate medical facilities for the people is an essential part of the obligations undertaken by the Government in a welfare state. The Government discharges this obligation by running hospitals and health centres which provide medical care to the person seeking to avail those facilities. Article 21 imposes an obligation on the State to safeguard the right to life of every person. Preservation of human life is thus of paramount importance. The Government hospitals run by the State and the medical officers employed therein are duty bound to extend medical assistance for preserving human life. Failure on the part of the Government hospital to provide timely medical treatment to a person in need of such treatment results in violation of his right to life guaranteed under Article 21. In the present case there was breach of the said right of Hakim Seikh guaranteed under Article 21 when he was denied treatment at the various Government hospitals which were approached even though his condition was very serious at that time and he was in need of immediate medical attention. Since the said denial of the right of Hakim Seikh guaranteed under Article 21 was by officers of the State in hospitals run by the State the State cannot avoid its responsibility for such denial of the constitutional right of Hakim Seikh."
Hence it can be concluded that though the mail itself was a hoax, its contents were true indeed to an extent. Thus you have a right for emergency care in government hospitals by virtue of your fundamental right to life and against private hospitals because of professional obligation of all doctors.
So..Jai Hind.
"Right to Emergency Care:
Date Of Judgment: 23/02/2007.
Case No.: Appeal (civil) 919 of 2007.
The Supreme Court has ruled that all injured persons especially in thecase of road traffic accidents, assaults, etc., when brought to ahospital / medical centre, have to be offered first aid, stabilized andshifted to a higher centre / government centre if required. It is onlyafter this that the hospital can demand payment or complete policeformalities. In case you are a bystander and wish to help someone in anaccident, please go ahead and do so. Your responsibility ends as soonas you leave the person at the hospital.
The hospital bears the responsibility of informing the police, firstaid, etc.
Please do inform your family and friends about these basic rights sothat we all know what to expect and what to do in the hour of need.Please not only go ahead and forward, use it too!!!!"
While those whose degree of patriotism is determined by the frequency of such emails coming to their inbox daily (which in turn i reckon is due to their insecurity feelings) wanted to readily believe this mail, some others tried to look at this particular email objectively and sought to look at the bona fides of the email. Accordingly it’s been concluded that this email also is a hoax.
They have reached this conclusion by searching for the original judgement using the case no: given above (full judgements of all SC cases are available from SC website). Consequently they have found out that case no: Appeal (civil) 919 of 2007 deals with a completely different subject. (It is about a no-profit charitable hospital based in Ghanapur, Andhra Pradesh having claimed exemptions on imported medical equipments, based on Para 2 of Notification No. 64/88-Cus, which were granted. But since according to the classification of hospitals by the notification, it fell under Para 3, it also applied for exemption under the same, after the first exemption was granted. On rejection of the second application, they filed the case in the AP High Court, which again didn’t go in their favour and hence this case was filed in Supreme Court.)
I will add my own reason for concurring with their finding out that the mail is hoax. Such cases which go to the SC wanting to enforce the fundamental rights will be writ petitions and not Appeal(civil) cases as is the case in the given mail. So without further research, one could have safely concluded that the given mail is a hoax.
But for all those ‘patriotic’-minded people out there who felt deceived by the present mail, don’t worry….continue keeping ‘jai hind’ as your signature in your emails and blog postings..for, our own SC judgement has arrived at more or less the same conclusions 18 years ago..yes, it is true.. you can verify it on your own.. and I’ll try to explain it in layman jargon as far as possible.
Two important judgements relating to this are Paramanand Katara v. Union of India (Writ Petition (Criminal) No. 270 of 1988) and later in Paschim Mazdoor Samiti v. State of WB (Writ Petn. (Civil) No. 796 of 1992).
In Paramanand Katara, the SC has held that "Article 21 (which provides that no person shall be deprived of his life or personal liberty except according to procedure established by law) of the Constitution casts the obligation on the State to preserve life. The provision as explained by this Court in scores of decisions has emphasised and reiterated with gradually increasing emphasis that position. A doctor at the Government hospital positioned to meet this State obligation is, therefore, duty-bound to extend medical assistance for preserving life. Every doctor whether at a Government hospital or otherwise has the professional obligation to extend his services with due expertise for protecting life. No law or State action can intervene to avoid/delay the discharge of the paramount obligation cast upon members of the medical profession. The obligation being total, absolute and paramount, laws of procedure whether in statutes or otherwise which would interfere with the discharge of this obligation cannot be sustained and must, therefore, give way. On this basis, we have not issued, notices to the States and Union Territories for affording them an opportunity of being heard before we accepted the statement made in the affidavit of the Union of India that there is no impediment in the law. The matter is extremely urgent and in our view, brooks no delay to remind every doctor of his total obligation and assure him of the position that he does not contravene the law of the land by proceeding to treat the injured victim on his appearance before Him • either by himself or being carried by others. We must make it clear that regulations cannot operate as fetters in the process of discharge of the obligation and irrespective of the fact whether under instructions or rules, the victim has to be sent elsewhere or how the police shall be contacted…."
Again in Paschim Mazdoor Samiti v. State of WB (Writ Petn. (Civil) No. 796 of 1992), the SC has held that
"The Constitution envisages the establishment of a welfare state at the federal level as well as at the state level. In a welfare state the primary duty of the Government is to secure the welfare to the people. Providing adequate medical facilities for the people is an essential part of the obligations undertaken by the Government in a welfare state. The Government discharges this obligation by running hospitals and health centres which provide medical care to the person seeking to avail those facilities. Article 21 imposes an obligation on the State to safeguard the right to life of every person. Preservation of human life is thus of paramount importance. The Government hospitals run by the State and the medical officers employed therein are duty bound to extend medical assistance for preserving human life. Failure on the part of the Government hospital to provide timely medical treatment to a person in need of such treatment results in violation of his right to life guaranteed under Article 21. In the present case there was breach of the said right of Hakim Seikh guaranteed under Article 21 when he was denied treatment at the various Government hospitals which were approached even though his condition was very serious at that time and he was in need of immediate medical attention. Since the said denial of the right of Hakim Seikh guaranteed under Article 21 was by officers of the State in hospitals run by the State the State cannot avoid its responsibility for such denial of the constitutional right of Hakim Seikh."
Hence it can be concluded that though the mail itself was a hoax, its contents were true indeed to an extent. Thus you have a right for emergency care in government hospitals by virtue of your fundamental right to life and against private hospitals because of professional obligation of all doctors.
So..Jai Hind.
Thursday, August 21, 2008
I can't smile without you - Hell Boy (With Lyrics)
Lyrics:
You know I can't smile without you
I can't smile without you
I can't laugh and I can't sing
I'm finding it hard to do anything
You see I feel sad when you're sad
I feel glad when you're glad
If you only knew what I'm going through
I just can't smile without you
You came along just like a song
And brightened my day
Who would have believed that you were part of a dream
Now it all seems light years away
And now you know I can't smile without you
I can't smile without you
I can't laugh and I can't sing
I'm finding it hard to do anything
You see I feel sad when you're sad
I feel glad when you're glad
If you only knew what I'm going through
I just can't smile
Now some people say happiness takes so very long to find
Well, I'm finding it hard leaving your love behind me
And you see I can't smile without you
I can't smile without you
I can't laugh and I can't sing
I'm finding it hard to do anything
You see I feel glad when you're glad
I feel sad when you're sad
If you only knew what I'm going through
I just can't smile without you
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