It is important to measure a performance

Is it really important to measure a business performance? I think if you will even need to purchase someone's business, then you will never ask this question and the answer will be “Yes! Sure!”, because if you do not measure the performance of the business that you are going to purchase you will be going blind. Then why people don't like to measure the performance of their own businesses? When you are inside, you see a lot, I would say you can see to much business and business mechanism, you are flowed with unimportant data, you having too many things to care about and sometime you even don't understand where this business is going. If you are a manager, then it is not a problem, but if you are CEO, then you have to think about things like this. You will need some information diet, e.g. very limited information, which will tell you a lot about your business. There are different names for this diet, some call it balanced scorecard, another key performance indicators (KPI), also people are using “metrics” and “measures” to understand business better. That's great, but do we really know what we do? Once someone found a new type “diet” his is trying to use it for his business, but it is a wrong approach. Your business is different, there are departments, such as Sales, HR, Security, Financial. These departments function in a different ways and if you will apply the same information diet to all of them you will fail. For instance, if you deal with Financial department and have to measure bank loans efficiency. What will you do? Will you be measuring customer satisfaction, growth opportunities and your ability to work with “internal process”? All these indicators means NOTHING! What is “customer satisfaction” for bank loan (if you are customer yourself) or if you are bank? You use this words, but you don't want to detail them into some real-life metrics and indicators. That is the most important thing. I'd better have 6 bad indicators, that 60 great mission statements without any mean. If you will ask me about performance and how to measure it, I will not answer you that you should measure customer satisfaction or bank's loan financial aspect, I will answer you: “Give me metrics!”, “Give me indicators!” What is bad, good and great performance indicator or metric? It is up to you and up to your business, but there are some common issues one must remember. First, metric or indicator must measure. It should me math formula, equation, function. It must look like X = F(A1, A2, … An). Where A1-n is the number of indicators you must look at and the F is the function which tells what to do with indicators. X is the performance value. What is bad indicator? It is when you tell, let's measure customers' satisfaction in bank loan niche. You don't tell about what are you going to measure, how you are going to measure this, it's not a metric, but it's a good mission statement that tells about nothing. What is great indicator or metric? It is the good metric (which we where talking above), but it is taken from some real-world business. So, it's not just your idea or ideas of some reported from business magazine, it's idea that works and it was checked by you. What you will need to do? You will need to pass it through you own business and optimize it to your business tasks. Work hard with business performance, and soon you will have a great business control tool.

Microsoft singled Google's "killer reach" - every day Kan licensing

Yahoo's acquisition transaction ran aground, Microsoft had singled Google. The face of great profit online advertising market, Microsoft can only背水一战and in preparation for wielding the "secret weapon" to reach the birds with one stone dual purpose, that is, in its own display ads promoting the expansion at the same time, effective implementation of the search advertising counterattack. Microsoft's Cou validity of the weapon can be » May 3, Microsoft CEO Steve Ballmer (Steven A. Ballmer) has withdrawn the offer of Yahoo, Ballmer said that Microsoft Yahoo is expected to become the online advertising market to compete with Google's effective Weapons. "Google will become the winner," market research analyst Clayton Moran Stanford (Clayton F. Moran) asserted that "Microsoft and Yahoo scattered difficult to contain Google." Google in the online advertising market dominant, 77 percent of the company's income comes from the search results that match the text ads. But in the search advertising market outside of Microsoft was not without opportunities, the most important for Microsoft to show that the ads, that is, in the top of the page or on both sides of the colourful banners graphics or video ads. Although the advertising market shows that the current size of less than search ads, but benefited from the rise of video ads, is expected to be rapid growth in the next few years. IDC's data, to 2012 shows that the advertising market will double, reaching 15.1 billion U.S. dollars, and the search advertising market will reach 17.6 billion U.S. dollars. Microsoft shows that the advertising market, mainly through income-generating two ways, first of all, is for sale, such as MSN and Hotmail advertising their Web sites, followed by traders as an intermediary, to join company's Web site advertising, which was divided into income. The reason why some small sites are willing to start advertising partnership with Microsoft, the main reason is that Microsoft's taken a strong advertising sales capability and their own inability to attract high-quality advertisers, even cable TV giants such as Viacom also happy with Microsoft Advertising, because they found that cooperation can help bring more revenue. "Microsoft will be converted into advertising revenue than the capacity of our strong," Viacom CEO Philip Doman said. Microsoft is relying on the leadership of the 180 people Luoruiziao the marketing team to win more online advertising market share. Microsoft's advantage lies in the fact that it has the most advanced technology to display ads, relying on its advertising platform, which allows advertisers precise targeting your audience, and an objective assessment of the value of advertising. Microsoft also believes that search advertising market valuation was too high, which is Google's "gold mine." Clearly, Google will not easily surrender positions. Google CEO Eric Schmidt (Eric Schmidt), Google and DoubleClick own technology combined with digital media will greatly enhance the efficiency, scalability and performance. Google had also acquired the most immediate fire of the video sharing site YouTube, but so far the site has yet to contribute to income. "Stubborn is Microsoft's attitude." Microsoft CEO Steve Ballmer last year in a wireless industry conference, "said the marketing objectives, we will launch the offensive again and again." Even if Google is to curb the momentum of the market monopoly Most advertisers also hope Microsoft can win in the competition. Although advertisers are also very much appreciate the Google search advertising efficiency, but they also do not want to see from one company to monopolize the online advertising market. "From the advertiser's standpoint, full competition in the market is clearly their wish to see the results," Consumer products giant Unilever Group North America media director罗布玛斯特(Rob Master) said. On Ballmer, the defeat is not the ultimate goal of Google, the Internet advertising market and has the right to speak of the importance of how not be overemphasized. Microsoft's biggest worry is that if a large number of users start using the Google network software services, Microsoft software pricing mechanism will face "avalanche", Harvard Business School professor David of the Philippines (David B. Yoffie), "said the development of online advertising Microsoft is the only option, but only succeed, not fail. "Microsoft is the development of a" acts of mapping (Engagement Mapping) "the ad technology, which will give advertisers a more comprehensive advertising value of the information, 16 advertisers began in February this year to participate in the technical tests. The technology can anonymously track page script, to make sure consumers to buy a month before deciding whether or not you've seen the display and video-related advertising, so every one of the online advertising related to accurate and objective assessment. Publishers and marketers can better grasp the way the effectiveness of their ads, thus the price of an adjustment accordingly. "This is not opposed to search advertising," Microsoft is responsible for the technical vice president Brian McAndrews (Brian McAndrews) said, "This is just a more scientific evaluation methods." (Reprinted from the "Business Weekly") May 6, 2008 Yangcheng Evening News: L'Oreal Group on the 6th had been reached on the YSL Beauté (Fife Shengluo Lan beauty companies) the license agreement and the sale of the company and so on. The two sides will follow the competition regulatory system under the mandate of the end of June related to the handover. In other words, the world's largest cosmetics group L'Oreal of France enterprises will spend 1.15 billion euros will be Fife Shengluo Lan cosmetics company (YSLBeauté) Resumption of the capsule. The latter is now the owner of France Pino - spring - all mine Group (PPR), the Gucci Group's is the world's third largest luxury goods group. From January this year issued an exclusive offer to the present, L'Oreal has received the approval of the relevant agencies and adoption. Based on market practices, the acquisition is completed, it will make Fife Shengluo Lan and Boucheron perfume and cosmetics brands in the areas of the world's long-term, exclusive right to use the brand license. L'Oreal may also take over StellaMcCartney, OscardelaRenta and ErmenegildoZegna perfume and cosmetics brands in the field of business license. It is learnt that in 2006, Yves Yves Shengluo Lan Shengluo Lan's brand and Roger &; Gallet, Boucheron, StellaMcCartney, Oscarde-laRenta ErmenegildoZegna brand and the turnover reached 630 million euros. At the same time, from this year's third quarter, the loss of Fife Shengluo Lan was there signs of improvement in the quarter sales grew 18.6 percent after last year's third quarter growth to 15.7 percent. The proposed contract for L'Oreal and our high-end cosmetics Department provided a great opportunity. Yves Shengluo Lan is a legendary French luxury brands, deeply loved around the world, with our existing brands and create unique complementary to each other. We are convinced that Fife Shengluo Lan joined L'Oreal Group of the Ministry of high-end cosmetics, will accelerate its own development. At the same time, this contract will reinforce the strategic L'Oreal Group in the high-end cosmetics market position. "L'Oreal Group chief executive officer of the GONG (Jean-PaulAgon) said. PPR Group chairman and chief executive officer Franois-HenriPinault believes that the signing of strategic agreements, is expected to "make Guc-ci YSLBeauté Group to fully tap their potential to increase the opportunities", so as to enhance the Fife Shengluo Lan luxury brand status. With the submission of the offer, PPR reiterated its promotion of Gucci Group's brand development ambitions. In the group, the core Gucci brand throughout its luxury sales in the occupied nearly 60 percent share. "This acquisition will not change the existing pattern of high-end cosmetics." Industry analysts pointed out that "the current terms of the domestic market, against each other for the high-end cosmetics group Shiseido, Estee Lauder, Europe Eliya and the owner of the Dior brand LVMH. Almost a monopoly of these groups in China of all retail sales channels for high-end brands. There is no doubt that the acquisition of the Fife Shengluo Lan, L'Oreal Group also makes Lancome, Biotherm And Zhicun Xiu and other high-end brands in addition to a brand, but it is not sufficient to subvert China's current high-end cosmetics market of the status quo. " Shanghai Securities News: 6, the central rate Minmetals Corporation announced that its holding of Minmetals Nonferrous Metals Co., Ltd. has acquired the German company HPTec and delivery of the shares. The two sides officially announced Minmetals Nonferrous HPTec 100 percent holding company of Germany. The acquisition is Minmetals Nonferrous the implementation of "efforts to extend the tungsten industry value chain, to the high-tech and high value-added product development," part of the strategy to enhance Minmetals Nonferrous tungsten industry's overall competitive strength of the future have great significance. It is learnt that Germany HP Tec Corporation, established in 1977, is Europe's largest in the PCB (electronic circuit board) with micro-carbide drill bit and cutter manufacturers in Singapore, South Korea, China Kunshan has subsidiaries in Germany and China A manufacturing plant, global product marketing, is the world micro-drilling one well-known brand in Europe, occupy 40 percent of the market share. Minmetals Nonferrous Metals Co., Ltd. According to the relevant responsible person in the world, especially the rapid development of China's PCB industry, against the background of strong demand, as the PCB production tools, micro-drilling industry is also very optimistic about the prospects for development, the acquisition will allow five Non-ferrous ore carbide micro-drilling in the area of production developed by leaps and bounds. The official also said that the acquisition of Germany HPTec company, Minmetals Nonferrous tungsten industry will continue to high-tech and high value-added product development to provide a good opportunity to further downstream integration tool industry provides a good opportunity to promote Minmetals Nonferrous the tungsten industry to the further development of deep processing industry, improve the effective distribution of tungsten industry chain.

Create a network Google Google dream of a decisive battle smart phone four weapons

Browser is the only pipeline network, and network search engine is the main meeting point, the Web site contains information and services is a network of marine water droplets, a Didi countless droplets from the major search engines this point of convergence, Browser through this pipeline network convergence into the ocean. The network features: "The network is an all-round interactive information exchange platform in form, the network includes: face-to-face, the face, point-to-point and point opposite the full range of interactive information exchange; content, he Includes: text, data, voice, image and video. Terms of time, he has real-time and non-real-time two-tier properties, that is, a certain information to be present, it can also be a historical and from the target, he The object is no limit, as long as it is the information users want access to him. "Sites and elements of nature. The whole site to be reflected in two ways, one is the provision of information, and the other is to provide services for each site nothing more than this, they separate or performance, or for a mixture of both. The arrival of 3G era to era to the computer network to the mobile phone network era, the era of the mobile phone network terminal equipment for mobile phone networks, four of the most basic, must have the software system, they are: mobile operating systems, mobile phone browser , Mobile phones and search engine input method. Phone operating system, the phone software is the foundation of all other software applications on your mobile phone platform, no phone operating system, there is no other cell phone software applications, mobile browser, is the only access to the network, not here Is not on the Internet, have access to the Internet phone is not 3 G mobile phones, mobile search engine, the search engine is the most extensive application of the Internet age, the role of one of the largest application software, is the main source of information access, is extremely inconvenient for the operation of the 3 G mobile phones More so, the phone number of keyboard input, 3 G mobile phone is the realization of human-computer basis for dialogue, computer applications in human-machine dialogue is to build on the foundation, in addition to standard through the application of the mouse clicks to complete the outside Such as click on the shortcut menu or icon, the other can only rely on the input method to achieve human-machine dialogue, and keyboard input is the most reliable and the most extensive input methods, and the rest either voice or handwriting input are Has his limitations and the immaturity of the technology. Phone operating system, software applications platform, all the mobile phone software applications, operating systems are built on this platform, the open operating system, users can freely determine their need for the installation of application software; existing There are two main operating system, one is closed, he represented the early Symbian, 3 G mobile phone software main problem is that the operating system, the current mainstream mobile phone operating system (赛trip), led by Nokia is the cell phone industry Union engage in a closed out the phone operating system, third-party software is not free in its last installation. Microsoft's wince open phone operating system, the direction is undoubtedly correct, but the details, there is still significant shortcomings, first of all is his lack of stability, easily made the collapse, which is often said of the Dead, 2. He required the use of resources too, although the hardware is in constant development, but the volume of mobile phones and computers, after all, can not be compared to the small size of achieving large volume of functions, in terms of hardware or a significant cost issue , To the last, Symbian new version of the smart phone operating system only to the open. As Symbian OS is open from Symbian mobile operating system developed from the closed, compared to Windows CE, PALM, for its part, the main features of performance in communications are more advantages, and, because of its design concept is "the use of electronic Products can be as simple as eating cheese ", so the operating system occupies less system resources, power consumption is relatively small, the storage space occupied machines less, but the Pocket PC functions are relatively inferior performance, function has not So rich, and third-party software support is not very many. Phone browser Browser, is the only access to the network, Huashan Road, the ancient one that can say that no browser, no modern network applications, network applications with the proportion of the continuous high growth rate, the application of the browser Has been a trend to desktop applications, a pc on the big-screen machines do not become a problem on the network access, even a small screen of the mobile Internet fatal, a computer used by the Internet users found that even when the Internet using a mobile phone On the web browser is so difficult, it is because the phone itself on the performance of the hardware limitations, it decided to phone browser features. In this respect the real leader, whether it is ACCESS, Opare or computer overlord of the Microsoft browser can not solve all the problems, can solve this problem is only the illusion ME mobile phone browser technology to solve the phone The limitations of small screen width of the obstacles here, but it did not achieve practical application, a bit distant water can not save the flavor of a nearby fire. 3 G mobile phone in age, "who controls the mobile phone browser, will control the commanding heights of 3 G era." National Center of Information Industry issued a safety management: "" mobile phone browser's security and development of countermeasures, "the official article in the mobile phone browser design the key:" mobile phone browser There are two main patterns: First, the browser itself First read the Web page and through the re-publishing, Web page's content will be converted into similar to a WAP page layout and the other is through the zoom display, to a lesser display screen displayed on Web pages in whole or in part. These are different emphases, respectively, to quickly retrieve and user-friendly as the major goal. How to effectively address the speed and ease of contradictions, as the current mobile phone browser design the key. "National security management centre of the Ministry of Information Industry this view is in fact the author cited the view (the view is the author after the invention of the Internet for the public, see" "Yabao" mobile phone browser "/ in Puritan), but also The author was designed fantasy ME phone browser's mind, rapid retrieval and user-friendly, the two must move on the phone to a contradiction in the form of current users. How to resolve this contradiction, a mobile browser design the key Lie. Phone search engine Key words for the core technology to the second generation of search engines have been on board the pc it is力不从心, 3 G to the era of the small screen on the phone, is becoming increasingly obvious contradictions, As a result of various vertical search version of the mobile search engine ran out of However, vertical search pc over-ran in the big-screen users are unable to meet the needs of the search, how can count on them to mobile phone users to search meet the demand? »Mobile search and search the computer is a great difference , Is mainly caused by two reasons, a mobile phone screen is far smaller than the computer screen, which means that in one of the screen can only display a few elements, namely: the computer search, a show 10 Search results of the status quo, to move to the phone, he can only display a screen 1-2 Results (depending on the size of the screen may be), for the average low-end small screen phone, perhaps even a search results in a screen of , Have shown that Buwan, the computer to search in the area of the massive show results on the screen and show its will by the end users will find it more difficult for entry to the mainstream mobile phones is another reason for operating or keyboard operation , The majority of mobile phone is not the mouse functions, in the number of mobile phone on the keyboard only to operate, making the operation very inconvenient, so, based on the above reasons, integrated search engine on mobile phones simple to transplant the model is obviously a major flaw, It can only be a last resort and the expediency - is better than no search engine is better. Let us look at the mobile phone search in the application of the current mobile search, mainly for the WAP service vertical search, as opposed to the content of search terms WEB, WAP services and search the content of rare, Strong-free use, but when the 3 G to force them to shift WEB, immediately exposed its shortcomings, even if the use of vertical search pattern to search for content on the WEB, drawn by the massive search results will also produce its deadly Yingshang And vertical search of another Yingshang - and more people unable to remember the vertical search engines to switch between, the inconvenience to the operation of mobile phone, computer vertical search more than fatal. Phone input method Keyboard input in the digital era, from those who do not know why the input of the foreigner Pinyinwenzi users a bit at a loss, in the original pc plane on the standard keyboard match the 26 letters on the keyboard even in the digital produced a re-code, the letters Entered into a number of (keyboard) Pinyinwenzi times actually become an obstacle to enter, this is the computer age foreigner who can not imagine, can not enter because of problems, resulting in many manufacturers bluntly on the computer keyboard to move to the standard phone On the use, importation, but the thumb, the keyboard is obviously not applicable, even though he can solve the 26 letters on the keyboard in a number of re-code problems. In input on the issue, as early as in China because of the computer era is suffering from the keyboard input method problems, technical accumulation is the world's most abundant, is expected to figure in the keyboard input method one step ahead, to resolve the importation of Pinyinwenzi问题. Google's network aims to dominate the network, Google's 3 G network layout: on the phone to see Google's ambition is not on the field, Google free mobile phone, mobile phone platforms, mobile browser, as the skills involved in the search engine and mobile phone input method, its main The direction is very uncertain. Google launches Android phone software platform, operating system closed model will be broken: Google in the U.S. Eastern Time on November 5 announced the establishment of 34 enterprises from participating in the open mobile alliance (OHA, Open Handset Alliance), Also, in about November 12 Japan released a software development kit (development kit), "using Google's own interpretation, the project is a complete mobile phone software programmes (total mobile soft stack), including middleware, SDK, critical applications, Linux Kernel four Part. "Since the 5th announced the establishment of OHA since, Google has stressed its involvement in the field of mobile phone" not to do gPhone ", but to launch an application to the development of the open platform for other subjects to design and manufacture of" 10 million gPhone ". Android platform stressed that the "openness", and had also used open-source (opensource) of the Linux kernel of different enterprises or organizations, Android also open based on the Linux kernel over the development tools, mean that middleware is in the form of Mobile platform to promote and ultimately to the upper application developers a unified content, thus ensuring the portability and diversity of content. Google has in the development of mobile browser: 2007, the U.S. company access to Google in a web browser security flaws in the outstanding reputation of Poland joining the hackers. Thus, has registered the domain name gbrowser.com Google Inc. is secretly developing browser rumors again Bujingerzou, Google invited to the safety of this industry expert named Michael Zhalesiji (Zalewski), is a 26-year-old The Poles, he joined Google, in charge of information security, it is learnt that, Google has set up in Boston a special research and development centers, and plans to develop a new mobile phone browser. Google's mobile search engine: GOOGLE phone integrated search, Kai-fu Lee to describe this is the integration of search GOOGLE: the integration of our search is such a purpose, the concept of integration is to search a variety of information sources with either an image or Maps, restaurant information or page very good sort, when you like to see a picture of, for example, search for "nest" when the picture in front of Jay when the songs in front of the seizure of the Yangtze River on the 7th When the top critics of information. Mobile search and integration of search is to search the entire Internet is not limited to the part of their ranking based on user habits will be different, perhaps, in mobile search, map or looking for shops, restaurants are mobile users Interested, they will automatically be the top of today's mobile search and content of the highest utilization rate is not some sort do not quite perfect, users continue to use our good premise to sort Yuezuo Yue We believe that mobile search and PC search the same majority of the potential results, based on your personal or geographical location or habits of the past to do a more reasonable sort, in the long run, mobile search more precise sort of space, Mobile search because you know the location know the habits of the past existence of the phone, when the next one day use this information when targeted will be very good and accurate results recommend to you, for example, in a street in Guangzhou Search for lunch, it will rank near the restaurant, for example, know that you like to eat Cantonese or Sichuan cuisine, will be long-term you would like to eat the top of the dish, a long-term perspective is optimistic about the mobile search, Google Greater China President Kai-fu Lee said, Google plans to five years become China's Internet search market leader. Google's mobile search engine input method: Google introduced the computer version of the Google Pinyin input method, Kai-fu Lee made it clear that: Google will develop Google phone Pinyin input method used in the first or Gphone, Kai-fu Lee said: For example, today's Did not enter the operating system, not how the user input method is used, there is a global development, that is to say, many of our global R & D are together, so we feel that a lot of valuable items, we will do, so after Global use, does not mean that China is only suitable for use. At this point, mobile phone network in the area of armed to the teeth with the Google empire will be the basis of its four weapons - the opening of the new mobile operating systems - Android phone software platform, has never seen the Google phone browser, as the specialty skills The Google search engine and mobile phones do not know how effective the Google phone Pinyin input method, plus a formidable Feidao - free Google phone, Google mobile phone network in the field of competition Linran advantage, in theory, Google has Yinyinyueyue appeared on the cell phone network in the king of the digital era.

Google, Yahoo, Microsoft, who would become the next winner

Since February 1, the global IT industry a smoke, full of color and violence cunning population of fraud. Truth and the truth, no one said not! People concerned that the war hero Google, Yahoo and Microsoft, who will become the future really the biggest winner. Dan Burrows2 on 6 in SmartMoney, wrote that: Even though Google (GOOG) publicly denounced Microsoft (MSFT) on Yahoo (YHOO) acquisition, but its own stock price has encountered setbacks, since last August for the first time below 500 U.S. dollars mark. But any major acquisition is always difficult, not to mention the trap that is full of variables and the acquisition, it is estimated that Google's managers are secretly pleased. Even if the transaction (a bold assumption), the two main rival Google also may be several years of difficult integration of the drag down. If the views of some big, it may be the shareholders of the company. Market intelligence company Endpoint Technologies Associates president Roger - Kay (Roger Kay): "Google must be opposed, but this is homeopathy and for, but if I Google in the conference room, I might say: 'We should show Zuolibuan to look, but in reality not to intervene, let matters drift. " Roger - Kay (Roger Kay) that the average time-consuming large-scale mergers and acquisitions for two years, and this case is more complicated than most. Yahoo in Silicon Valley and Microsoft headquarters in Redmond in Washington, the two cultures are different, technical and marketing teams also need to re-match and integration. Yahoo is relying on large number of open source software operations, while Microsoft Windows is conducted through the operation of the two carriers to the terminal integrated way, technically is a major challenge. He said: "This is Microsoft employees speaking, would be an unprecedented project, the difficulties may arise is also daunting. Even if they succeed, they must also spread a lot of energy, so as to be brought to Google By the machine. " Citigroup analyst Mark - Mahaney (Mark Mahaney) in last Friday Microsoft announced the acquisition of information wrote: "If this transaction will change the habits of users, the Google is substantial negative. But we do not Microsoft and Yahoo that the marriage can change the user's behavior and, in fact, Google in the acquisition process may have caused uncertainty in the market to expand market share. " The next problem is that the combination of this reluctance can be successful when married » Canaccord Adams analyst Peter - Mi Zeke (Peter Misek) Monday wrote that if the merger successful, the relative Google's competitive edge could come as early as the 2009 show. If the United States and taking into account the possibility of European anti-monopoly, is likely to reach a deal later postponed. Bank of America (Bank of America) will be Yahoo's stock Tuesday from "buy" from "neutral", saying that "the acquisition will face the United States in particular, the European regulatory scrutiny, it might lead to successful transactions next time delay." Microsoft's biggest problem is how to piles of cash into investment, in the next 10 years continued high returns. But billions of dollars will be difficult to see Zaxiang Yahoo will receive such an effect. Microsoft a total of five operations, all of these businesses are dependent on the company's core products: Windows and Office. Microsoft's online division is not just Google and Yahoo a chance, but the company is the only loss of the sector. At the same time, Yahoo has been declining over the years, Google occupation of market share, in social networking and other Web 2.0 innovation pay Baijuan. Every wrong, Yahoo is the Internet's most-place, but it is only a portal, is on the concept of the 1990s. In the conversion strategy, the company has done no better than Microsoft, despite its hardware and software are usually not the quality of the original boasted so good. However, if we hear CEO Steve - Steve Ballmer (Steve Ballmer) acquisition of Yahoo's praise of the opportunities and benefits, it is clear he is only in Ziwotaozui. Holders of Microsoft shares Hardesty Capital Management senior portfolio manager Dave - Sidifusen (Dave Stepherson), said: "Everyone in the deal said how how good, I do not know what they want to. This is not a goal Layup, and even than a 3-pointer to far. Microsoft's acquisition of Yahoo's results, I think the most one plus one equals one. " What is ironic is that Microsoft's embrace of the open-ended opportunity happens to be the shareholders just to see signs of improvement. Mainly due to Windows Vista and Office 2007 release, the company has outstanding performance for two consecutive quarters, and this growth momentum will not disappear within the short term. While Xbox 360 has finally begun profit sector. Over the years the company does not stop just before the stock price has improved. Now, MicroHoo the haze might in the foreseeable future to generate pressure on stock prices. Sidifusen that: "Microsoft shares have lost market four years running. Just like in the desert after the long journey, Oasis have finally seen the front, we finally have the water to drink. Then Microsoft made this decision. An inflatable, Oasis disappeared. We are now thinking is that if the transaction continues, we may sell the shares of Microsoft. Acquisition for us, it is not too much significance. " And in my humble opinion, they will not be a true winner! February 6, 2007 China Radio International: Over the past few years, the world's largest retailer - Wal-Mart Stores Inc. because of the U.S. treatment of employees has been criticized, even more so in U.S. history and become the largest class-action suit in the defendant: the U.S. Federal 9th On the 6th Circuit Court of Appeals approved the prosecution of seven women Wal-Mart sex discrimination case upgraded to the class-action suit, which means that the number of plaintiffs will reach 1.6 million, they are Wal-Mart's former and current employees. The lawsuit entangled with the Wal-Mart, this ruling is a major setback encountered, not only will fall into the status of the long-running case, but could face huge compensation, but also to critics and competitors are happy . Therefore, Wal-Mart spokesman had to admit,这桩class-action suit Wal-Mart is now the most important cases. February 6, 2007 Beijing Business News: Jinian Lei Yue experiencing a trademark lawsuit, Apple has finally returned to the trademark of Apple's embrace. 6, Apple Computer and the Beatles record company Apple is pleased to announce that they have reached a settlement and signed a "Apple" Apple name and logo use rights of the new agreement replaces the agreement they signed in 1991 Agreement. Under the new agreement, Apple will hold all the "Apple" trademark, and some of Apple trademark licensed to record companies for their continued use. Since the two sides declared reconciliation, the two companies is a trademark lawsuit naturally come to an end, the two sides will bear their own legal fees. At the same time, Apple's iTunes will continue to use its name and logo, but the two sides reconciliation in terms of the specific content has not yet announced. Apple CEO Steve Jobs commented: "We love Beatles, on the trademark dispute with them is a painful thing. Am pleased to be able to take a positive approach to solve the problem, It also eliminates the future the possibility of greater differences. " Apple's record company manager Nierasi Pina Er on behalf of shareholders to comment on the settlement also said: "able to resolve this dispute and to continue to move forward is really a big Kuaishi." However, the two companies In a joint statement did not mention when the band's songs on Jiake Chong download problems. Published in January this year, Apple's first mobile phone iPhone, Jobs in the iPhone on a special broadcast of a Jiake Chong Band songs, some analysts think that this shows that the band was no longer distance digital remote. Dear Friends of Bo, thank you to read every day Kan licensing. A well-known in Japan said: "Japan is the face of Zuolian Matsushita Electric, Toyota Motor Youlian is." Strong brand, the country is strong. Brand economy is related to the entire society Economic, brands are increasingly becoming news the focus of attention. Wenzhou from the burning of shoes to Japan dumplings, from Pepsi to Coca-Cola's game, Microsoft announced the acquisition of Yahoo from Google to take the initiative to the war, will be able to see the power of brands. Brand News Omnipresent, I sincerely hope to get

Baidu what successful blocking Google (Google)

Baidu and Google are well-known search engine, in November 2007, Baidu total market value of more than 100 billion yuan the first time, and in July 2007 Google market value of 169 billion U.S. dollars, ultra-IBM was the 161 billion U.S. dollars, 172 billion at Cisco Dollars, into the Top 25. Google in the third quarter of 2007 reached a total revenue of 4.23 billion U.S. dollars, compared with Baidu income is 497 million yuan RMB, net profit of 182 million yuan. Globally, according to market research firm comScore recently released the December 2007 world's 10 largest search engine rankings report, Google market share of 62%, 5.2% of Baidu. Therefore, the overall comparison of the two, Google is absolutely the elder brother, Baidu is absolute Xiaodi. However, in the Chinese market, little brother has defeated the elder brother. Baidu market share in 2003, the first time after more than Google, has a leading position in 2006, according to China Internet Network Information Center, the investigation report and the investigation report of the Advisory Ereli, the Chinese search engine Baidu in the market share of 60 Percent or more, while only 25 percent of Google, Baidu lead on Google. 30 years of reform and opening up in China's market, local enterprises to overcome the world famous enterprises and rare cases, more time is passive and beaten, such as Kodak film industry was almost monopolized by the beverage industry experience can be integrated, fast-food industry No matter the McDonald's and KFC expansion of goods industries, Procter & Gamble firmly occupy leadership position……, why Baidu in Chinese market and can successfully stop this victory Google » This is very worthy of our thinking and learning. 1, Qingzhuangshangzhen, from standing on the establishment of international competition on the basis of Baidu on January 1, 2000 two young people from the United States back Robin Li and Xu Yong created. In property rights, corporate governance, operational concepts and ideas, from the very beginning in international practice. And the whole company's officers are very young, most of the elite and the local community Zhishiqingnian sea turtles, according to statistics, the average age of about Baidu employees in the 26-year-old, and therefore the old state-owned enterprises compared with Baidu, "Qingzhuangshangzhen" Advantages, and grew up in 1980s and 1990s compared to private enterprises, with new concepts, such as dynamic full advantage of all of these give Baidu a well-known international companies with a competitive basis. 2, smooth financing, support rapid growth in Baidu Capital strength of competition among Internet companies is competition between the important weight, especially for the stage in the growth of entrepreneurship and especially Internet companies. Start-up phase of the Internet business-to-capital needs relatively more, at this stage of competition among enterprises with financial strength often has a lot, if the gap in financial strength, great, will be at a competitive disadvantage. From the overall financial strength and ability to look at financing, Google than Baidu's advantages are obvious. However, Google's market focus is not in China, but in North America and Europe, therefore, Google China will be able to use and disposal of the funds are relatively limited. And Baidu from the beginning attaches great importance to attracting investments, listed before, Baidu has conducted three financing. In its previous two is set up at the beginning of the 1999 and 2000, respectively, the amount of financing for the 1.2 million U.S. dollars and 10 million U.S. dollars (DraperFisherJurvetsonePlanetVentures and IDGTechnologyVentureInvestment). The financing is the third time in June 2004, 14.7 million U.S. dollars financing, a total of eight enterprises involved in the financing, including Google's 4.99 million U.S. dollars investment, Google has 2.6 percent of Baidu shares. August 2005, Baidu officially listed on NASDAQ in the United States, the issue price of 404 million shares of 27 U.S. dollars, the financing of about 100 million U.S. dollars. Therefore, Baidu from the venture, with the capital markets for effective docking, the company resolved in the development of the financing. Therefore, the financial strength of the contest, Google China in the competition and showed no advantage. 3, products and technologies in the competition, Google China has not shown proper advantage Google has a strong technical strength and has the world's most advanced scientific and technological personnel, which in North America and Europe has to prove successful. However, how will technology and the organic integration of the Chinese market, used in the Chinese market, launched with the characteristics, in line with the Chinese language and culture, and to be accepted by the Chinese Google service is the greatest bottleneck. Although, in September 2000, Google on the Chinese Internet users against the world launched a Chinese search service, but, Google in the Chinese market the service has been localized and personalized not strong, not deepen, the fundamental reason for this is Although Google has a strong The technical strength, but the strength of these technologies are mainly used in Europe and the United States market, and the lack of attention to the Chinese market, R & D investment, financial, and material resources on the course less. However, Baidu is completely different, from June 2000 entered China's Internet technology, places great emphasis on research and development, and constantly develop against Sohu, Sina, 263, Netease, and other site services to deliver enterprise-class users of the retrieval software, Chinese Search PPC, IE search partner, MP3 search service, regional search, "paste it"……, innovative products, launched more in line with China's domestic needs and personalized products. But Google, in products and services sectors, not particularly against China's new product introductions, has been in a passive position, often with Baidu walk. Although the overall technology and product development leading to Google Baidu, the Chinese market for product development, Google has lagged behind Baidu, for example, in October 2004, Google launched a ratio "AdWords" more advanced, more complex technology " Adsense "advertising model, expect to membership in the form of the site to attract more advertising platform to go to Google. But soon, Baidu in China launched its "AdSense" advertising. Therefore, Google's overall technical advantage has not translated into products in China's advantages and services strengths. 4, insufficient attention to the Chinese market, localization is not in place Google started a comparative focus on the North American and European markets, the company's rapid growth is too busy to take account of them in China. If we go to the Google website of the Chinese look at the Press Center, 2000 Google into China so far, a total of only seven news: Google will be authorized agents in China plans to expand to 2005, August 9 Google level in the work force help Chinese enterprises enlist global business opportunities for 2005 on August 8 Google's "Desktop Search 1.0" Chinese version of 2005 on May 25 Chinese version of Google Desktop Search launched 2005 March 7 Google's English News Service 2004 September 9 Google launched a new way to facilitate quick search of Chinese users access to more information 2004 June 21 Google opening of the Chinese search service - 2000 September 12 Look carefully you will find, from two of the news is released in 2005 on domestic agents, and in June 2004, nearly four-year period was only in September 2000 over a news release. This can also see google in the Chinese market attention. It is in this slot, Baidu was a fast-growing space for survival. Baidu in market share over Google in 2003. Earlier, Google has been far ahead. Google on the Chinese market also seriously inadequate attention is not enough, so from the headquarters to China on the market support, the resources provided enough. On the other hand, Google China's team were also seriously inadequate, given the mandate also inadequate, the team's lack of independence and flexibility, a lot of things the recommendations, decisions will need to report and approval, and they are in other markets The winner of the gesture to China, they will not go all out this doomed, eventually reduce the efficiency of operations. But Baidu's management, Robin Li is the largest shareholder, is the company's managers, but also rooted in the forefront of China's market, the market's understanding of the actual situation, the speed of decision-making should be much faster than the Google of China. Google in the Chinese market due to the lack of attention, Google's localization in marketing is also inadequate. Google in the United States is taking the direct sales model, advertisers can landing Google's official website GoogleAdWords pages for registration (required international credit card). This process is very simple and convenient, without any intermediary links. However, the situation is in China was different, because the domestic advertisers is different from Europe and the United States and the domestic search advertising channels are taking agents. Baidu from several years ago began to build channels, development of a huge system of agents, and 3721, Yahoo, and other enterprises in resources for the advertisers have long been close to naked Roubo. And Google have not systematically agents of development in China, the Chinese business to take a laissez-faire attitude. Since the rise of the Internet search and pop, search engine advertising has prospered, not on Google in China to set up offices and branches, a number of domestic out on Google's so-called "agent", "They do not need Google in particular Mandate, adopted in the United States on the Google site for customers on a simple registration and payment agent for customers in the Google search pages in Chinese the right keyword advertising business. " But this group of Google's business "spontaneous facilitator" by Chinese competitors as a "fake agents." Objectively speaking, these "agents" of the system due to the lack of norms, standards of different charges, is also the Chinese market to a certain extent The impact of Google's reputation. Until, in August 2005 for the first batch of Google formally authorized agents, in the dynamic level, resources, Shanghai rushed three network marketing services enterprises have become the first batch of Google keyword advertising agents. However, at this time, after all, rooted Baidu China's market for many years and has accumulated rich resources and relationship marketing. Google in the Chinese market due to the lack of attention, capital and technology in these two core strengths, failed to China in the region into a regional competitive advantage. Therefore, Google in China by Baidu defeat will be inevitable. As president of Yahoo China's Zhou Hongyi said "Google into China, technology, brand, reputation is not the problem, the key is localized operational capacity. Google now意气风发, in the Chinese market even before Shuaiguogentou, not necessarily on the localization of To give sufficient attention to the problem. This is not only the localization of localization services, localization management, including the localization concept of cooperation. " 5, Inspiration Baidu is China's business success blocking a model of the world NO.1. Baidu is China's only four years on more than Google, does not depend on technology, but by than it used to a better understanding of the Chinese market, the localization of more sophisticated operation. Although Baidu's technology and scale with Google is not an order of magnitude, but failed to pay attention to Google some of the details, Baidu do a better job, win market. Localization and refinement of the international operation to Qide of the key to success, no matter how powerful a business, if the localization and lack of refinement of the operation, in the process of international experience may have failed.

Google defeated the Chinese market

Refraction Industry: Internet search engine market honoured Index: ★ ★ ★ ☆ Status Survey Only official in China for more than a year, Google on the unfortunate failure of the four major shows: 1. "Google.cn" did not achieve operating in China Internet Information Services by the ICP licence must, but "Go Network" used the same ICP licence, for alleged business irregularities by relevant departments of investigation, are still waiting for Finally, "saying"; 2. Baidu's acquisition plans come to nothing, in June 2006 but sold by the full 2.6 percent of Baidu shares; 3. Or not anti-market share drop, fell to 20 percent, even before it entered the Chinese market share of 33 per cent failed to keep; 4. Wang Huainan, Marketing Director of the Asia-Pacific region due to performance reasons for separation, which can be seen as Google's start-up team collapse of the first domino. Reasoning process Google people in. This is quite proud of "Google" Chinese name, and not for the Google look forward to bringing in the Great Victory. The failure of the back four, but Yinyinyueyue point to a frightening conclusion: Google is extremely likely in 2007 to withdraw from the Chinese market. Because the so-called human rights, and other reasons, Google. com has been reluctant to comply with Chinese laws on the search for self-filtering information, stop by the Chinese firewall. To break the deadlock, Google launched a self-filtering through the Chinese search service Google. cn, but in fact it has not made in China ICP licence, but "Go Network" cooperation with the use of an ICP licence. This is clearly not in line with China's relevant policy, Google still waiting for the Ministry of Information Industry last "argument." This last "is" very likely for Google to disappointment. This situation forced by Google founders Brin had to position: If I can not in the information services and meet the local demand for policies to balance, will also intend to do. Google's "intention to do another" triple somebody with the phrase: First, can not withdraw from landing on the Chinese market through the acquisition of two local Chinese companies to achieve truly landed third on Google.com for self-filtering, in exchange for the Chinese government removed the firewall. In addition to these three possible, Google seems to be no fourth option. Then, three "possible" in the Google are most likely to do what "intended"? » In fact, Google tried to start a "through the acquisition of the way into the Chinese market," it will target for Baidu, Baidu to intensify the acquisition of shares. However, in June 2006, Google sold all the shares held by Baidu. Clearly, Google acquisition of Baidu has rebuffed the idea. Another takeover target now is Google's partners, "Go Network." If "Go Network" eventually sold to Google, Google.cn will have its ICP licence. However, if Google clearance so that any one foreign Internet companies can follow the example of China, the Chinese government's Internet regulations will face severe challenges. Therefore, almost certainly, the relevant departments will not allow Google easy clearance. Thus, in 2007, Google.cn through the acquisition of local companies get the idea of ICP licence is unlikely. The third "intended"? » In fact, this idea has long been Google to give up, otherwise there will not be the advent of Google.cn. Because the U.S. domestic political pressure and the pressure of public opinion, and that the long-term Google.com "Zuowu" idea, Google.com self-filtering the possibility of almost zero. Excluding the second, three possible, "to withdraw from the Chinese market," Google has become the most likely "intended." Of course, the above reasoning is not convincing enough, the performance problems are often caused by transnational corporations is the fundamental reason for the withdrawal. 2006, Google in China's market share fell from 32.9 percent to 20.6 percent, while its rival Baidu showed a growth trend, from 51.5% to 64.5%. At the same time, Google also has been found in the Yahoo search of strong challenges, the loss of market share significantly speed up the pace. 2007 Chinese search market is a watershed, with the exception of Baidu, Yahoo and other major competitors to stop, some local enterprises such as Netease, and so will actively search of the market, which will undoubtedly increase the pressure on Google. The more fatal, in the Chinese search market, Google's search keywords business is not the mainstream market, and search the auction business is the main way of profit. Google in the Chinese market is shrinking, due to localization predicament. If we can break this impasse, perhaps to turn the tide in 2007, but just this time, Google encountered the "resignation of the door." December 31, 2006, Google Greater China co-president Johnny Chou formal separation, rumors of its departure of the outside world because the localization programme has not been recognized headquarters. In before the Asia-Pacific marketing director for performance reasons also Wang Huainan in the December 2006 departure. Johnny Chou, Wang Huainan leave, Kai-fu Lee also no guarantee that will not run away in 2007, Google China's three-person start-up team has now disintegrated domino trend. For a long time, Google and the Google headquarters of China's differences are obvious. In fact, Wang Huainan departure will not have much impact on Google China. Because Google, Marketing Director of the Asia-Pacific region set up a dual-core, one Chinese, one for foreigners. It is expected that once the three venture team of collapse, as successor in line with the headquarters, will be more conservative and a strong opponent in the spiralling retreat under attack. Almost certainly, Google China, difficult to overcome this watershed, in 2007 the performance will be difficult to avoid further decline. Google executives seem difficult to find stay in the Chinese market and the path of reason. Shock wave If this prediction realized, the Chinese search engine market, Baidu Jiangcheng only overlord; Yahoo search may become the largest of the variables, its e-commerce search may be an important strategic breakthrough because Google's withdrawal from the PPC and other search services more mature The area of the charges, agents of the channels for low-price dumping and even free competition, will shake the stability of being eco-industries. The success or failure Point This predicted that the establishment of the three key points: First, Google.com Jianchijixian stubborn and continue to stop by the Chinese firewall; Second, Google.cn can not be achieved ICP licence, loss of legitimate competitive basis; Third, the continued decline in performance. Conversely, if Google.com is co-operating with a firewall and smoothly get rid of, or Google.cn at all costs to acquire a permit ICP have the strength to send Chinese companies, and to take strong localization strategy to seize the market, then the basic prediction will come to nothing The. Can the establishment of this prophecy, we must also consider an important premise: Google is able to withstand the temporary loss of the Chinese market. If Google is optimistic about the Chinese market, the temporary loss and loss, should not be sufficient to allow withdrawal from the China market. In fact, many multinational companies entering the Chinese market early, had to suffer for years or even 10 years of losses

In China, Google has not lost to Baidu

Baidu in China's market share easily surpassed Google, many people have been looking for reasons, some people speak for Baidu, said Baidu more innovative than Google, more localized, faster and better results. Some people speak for Google, said that because not a snapshot, because the elderly can not visit. In fact, to find why Google lost to Baidu's the reason is very simple, it difficult to find a solution. We first have to Baidu's side, to talk about for several reasons, Solution Mody » And from the Google party, find several reasons to see Solution Mody. Baidu strong reasons. 1) localization well. More technical staff are Chinese, from products to technology, are all Chinese, so users can more from China starting design products and provide services. 2) speed. Indeed, the earliest google 0.0001 seconds to show the speed of the results, Baidu soon learned of this. To give people a sense of speed, so many people say Baidu good. 3) better results. Liang Dong to a Baidu, the leading results of a better public relations: Chinese Baidu Gengdong. As for Baidu's machines and systems Gengdong Chinese is not important, as long as users think of Baidu, the Chinese thought Baidu Gengdong on the line. 4) product innovation. Mp3 music from the Baidu search to know, Baidu Wikipedia, the Baidu paste it, these innovative products fromsearch portal Baidu, has not been stopped. Therefore, Baidu (global brand network) training a lot like mp3 search of young users, these users have posted it because Baidu's no threshold of expression, and further stimulate the encyclopedia to know, such as product development, until recently, such as the hi Baidu . Google's reasons for the weak. 1) into China late. Although google have entered China, but a very narrow range, but some researchers in IT and use more public Internet users do not have to. 2) not a snapshot, users feel that on google by deception. 3) can not be on the old network, gives the impression of slow. 4) a sense of the results in English, many people feel too miscellaneous google. 5) google unresponsive, the Chinese want to point localization, it passed the U.S. headquarters of the audit. 6) Google do not know Chinese, at least not Baidu accurate. Said a long time, we did not find Mody » In fact, all inside of all, because Baidu's public relations and publicity far beyond google, google simply can not allow the force. Google has not lost to Baidu, the technology is not the key, marketing accounted for a significant share. Google is also the number of users has been increasing, butgrowth rate is not fast, because the demand for information search, lags far behind in the search for music mp3 growth rate. Therefore, the additional use of search users (the majority of computer access time is not long, partial entertainment and games of users, the information on the natural resistance of the users), these people had to google the length of the domain names are not familiar with , It is easy misspelled, to pass on Baidu's search results have been very satisfied, and they mainly in mp3, and other information on the search time, they have the habit of information search, have already mp3 search and molding. With a few simple figures to the rough that such a relationship. 2001, Internet users search by adding the percentage is 30 percent. At that time few hypothetical user is 3000000. Up to 100 million users are using search function. Of these, the majority of people to Yahoo, more people slowly use google. By 2003, google proportion has risen to 60 percent, but Baidu has been an independent, started to provide mp3 search. Internet users will grow to 60 million. Figures may be increased by 20 times. One search using the proportion grew to 50 percent, is 30 million. The overall number of search is already 01 to 10 times. Among these, 80 percent of new users mainly concentrated in the entertainment aspects of the search, Baidu had a good meet this demand, and 02-03 years, google the Diaoxian rate from 0% soared to more than 70 percent. At this time, the vast majority of new users access to Baidu, which can not come into contact with google. 04, Baidu started propaganda "Baidu Gengdong Chinese", many users have begun to slide into google Baidu. Because of accessibility and speed of access problems. To 05, Baidu has given way to Google Dashiyiqu, google before considering a return to Li Shan, a formal challenge Baidu. At this time, more low-end users (business users, IT and non-students and academic search, but commercial search) become Baidu's "signing customers," they found themselves not only from Baidu's ranking, also found to competitors as well as with industry , The ranking results. There have been screening the results of further strengthening of such users to Baidu's trust. google encountered a strong opponent. At this time we discovered that some of these surface of Baidu and Google merits of the conditions, it can not dominate both the market share. Google, in order to regain their market, we can not be Baidu Qianzhe Zou, and the user should have a deeper understanding and find Baidu's weaknesses, slowly. This time, we will not look at google Zuoe (refused to mp3), does not care about low-level users, is clearly a lost strokes. And see and know that Baidu's hao123, paste it on products such as rash on the Tianya quiz, or did not understand why the leading cause of Baidu. To find the reason is very simple, it is difficult to find a solution. If looking for solutions, not only for reasons of internal surface of reasons, this solution will eventually be found in a waste of time and the opportunity to overtake. Of course, I am also aware from the start with my own, many people will say that I am in the nonsense, walls. Then I would say that my own walls it.

"The two" did not ease the crisis in global stock markets suffered financial stocks against

Although the Bush Administration last week published a number of urgent measures to rescue the troubled two mortgage giants Fannie Mae and premises of the United States, but the two company's shares this week but continue to diving, and drag the U.S. financial shares the same day Pudie. Affected by this, the 15th Asia-Pacific financial stocks generally fell sharply. Among them, Mitsubishi UFJ and China Taiwan's Cathay Financial Holding, and other areas that may have been more "two-room" to issue bonds of companies in the top. "The two" crisis triggered by the credit markets and financial prospects of a new round of earnings concerns, resulting in the Asia-Pacific and European markets the full range of financial stocks weighed on and drag the stock market yesterday, the Asia-Pacific experienced a "Black Tuesday", while the European Three After the big stock market closed yesterday, were also generally down 1 percent. Japan Three financial stocks tumbled more than 5% In last Sunday the U.S. government announced emergency relief Fannie and premises of the United States, only two companies in the stock price closed the week before and after a brief rally, after it all the way down. Closed on the 14th, Fannie and premises of the United States and Zaidie's shares were 5.1 percent and 8.3 percent, and financial shares drag the United States hit more than eight years to the largest single-day decline. Affected by this, the Asia-Pacific stock markets closed on Tuesday a heavy selling, especially financial stocks. Japan's stock market which is the most obvious especially after it is reported that the three major Japanese financial institutions hold up to 400 billion U.S. dollars Fannie and premises of the bonds issued by the United States. As at close on the 15th, Japan's Nikkei 225 index fell 255.60 points, or 2 percent, to 12754.56 points, to April 1 the lowest closing price. The broader TOPIX index also fell 2.2 percent to 1253.12 points. Stocks, banking stocks were the former. Among them, Japan's biggest bank Mitsubishi UFJ Financial Group fell 5.3 percent to 926 yen, the biggest drop since a month. Mizuho Financial Group fell 5 percent to 511,000 yen. Sumitomo Mitsui Financial Group fell 6.1 percent to 784,000 yen. Japanese Economic News reported that, as at the end of March, Mitsubishi UFJ, Mizuho Financial and Sumitomo Mitsui Financial Group, Japan's three major banks held a total of about 4.7 trillion yen (about 44.3 billion U.S. dollars) Fannie and premises of the United States issued Of the bond. In addition, major Japanese insurance companies holding the position of the associated risks are more than 4 trillion yen. Reported that Japan's Financial Services Agency will investigate further the country's financial holding companies Fannie Mae and premises of the United States to issue bonds. Reported that three major banks in a position of maximum risk is Mitsubishi UFJ Bank, holding about 3.3 trillion yen Fannie premises or bonds issued by the United States. Mizuho and Sumitomo Mitsui were holding about 1.2 trillion yen and 200 billion yen. In the insurance business, the Japanese life insurance holding about 2.5 trillion yen Fannie and premises of the bonds issued by the United States. Local analysts said that the current stock market is that the problems facing the uncertainty of the financial sector, although the U.S. government announced the aid plan, but investors still doubt the U.S. government will make every effort to maintain the premises of Fannie Mae and the survival of the United States. However, some market participants believe that investors in the Japanese financial institutions may face some worrying too much of the investment losses. In addition to financial stocks, the U.S. economy may further slow down the concerns also dealt a blow to exporters, including Toyota Motor fell 2.5 percent, to the lowest point in years. In addition, Honda and Canon are also down nearly 3 percent. Asia-Pacific The financial index fell to two and a half low Except Japan, Australia, Hong Kong, China and Chinese Taipei, and other places listed financial stocks were also generally down yesterday, and helped drag the MSCI Asia-Pacific financial index to December 2005 two and a half years since the low. Late yesterday, MSCI Asia-Pacific index fell 2.3 percent, at 129.35 points, in October 2006 the lowest closing level. The financial stocks fell, "contribution" a 43% decline. Singapore manages a 260 billion U.S. dollars of assets the fund manager said that Fannie Mae and premises belonging to the United States and the nature of the semi-official bodies, many Asian officials and state-owned financial institutions are holding their bonds issued or guaranteed. Therefore, the two companies currently facing the crisis was panic in the market. Asia-Pacific stocks closed yesterday, all without an increase in the stock market, and the general decline in more than 2%. Hong Kong stocks fell 3.8 percent, the Australian stock market fell 2 percent, the Korean stock market fell 3.2 percent, Singapore stock market fell 2.4 percent, Indian stocks dropped 3.9 percent, the Philippine stock market fell 1.8 percent. Chinese Taipei's stock market plummeted 4.5 percent, in all regions of the decline in the stock market top. On the Taipei stock market is the biggest drags Cathay Financial Holding, but it is Taipei's largest publicly traded financial services company closed down 7 percent. The company released the same day to clarify a statement that its holding of nearly 6.6 billion U.S. dollars with Fannie and premises of the United States related to investments in securities have not been any loss. According to statistics, Taipei's banks and insurers held a total of Fannie Mae and premises of the bonds issued by the United States and 20 billion U.S. dollars. Overall, the Taipei stock market financial sector sub-index fell 5.7 percent yesterday, more than two years to the bottom. Australian stock market, the Macquarie Group, and other financial stocks were also generally fell, dragging the market in February 2006 fell to its lowest since closing at. In Hong Kong, China, the Chinese Industrial and Commercial Bank and other financial stocks were also highest in the forefront. In the mainland A-share market, the Industrial and Commercial Bank, China Construction Bank, and other market banking stocks have also living in the forefront of decline, or generally more than 3%. Europe Three major stock markets closed Pudie ultra-one percent U.S. and the Asia-Pacific stock market decline has subsequently spread to the European markets closed yesterday morning, the three major European stock markets closed generally more than 1% decrease. Stocks, Barclays Bank and Societe Generale banks and other financial shares led decliners as investors worried that the credit crisis may also lead to further loss of the financial industry. -- As of 16:50 yesterday, the Paris stock market fell 1.4 percent, the London stock market fell 1.5 percent, Frankfurt stock market fell 0.6 percent. European Dow Jones Stockton 600 index was down 1.5 percent. Stocks in the United Kingdom's second-largest bank Barclays Bank early trading down 3.2 percent; French bank Societe Generale fell 2.3 percent. Analysts said the market's concern now is not limited to those with Fannie and premises of the United States are directly related to the securities assets, but the credit market may be more extensive outbreak of the crisis, and various financial institutions profit prospects will be even more full of uncertainties.

Afternoon all Shadiehuzhi market fell after 2700

Today: July 17, the National Bureau of Statistics will release the first half economic performance data. At the same time, this week, the economic situation of the meeting will be held, is expected at this meeting, decision-making will be the second half of macroeconomic regulation and control of the direction, focus, intensity and rhythm of a relatively reunification. Zhang Ping, Director of National Development and Reform Commission said on the 15th, the first half of China's economy has maintained steady and rapid growth, although the growth rate has come down, it is still normal range. Zhang Ping, also pointed out that the current economic development situation more complicated, face many contradictions, challenges and risks, continue to maintain stable economic growth, curb excessive upward pressure on prices great. Recently, the Shenzhen Stock Exchange in Qingdao, Xiamen, Hangzhou, Shenzhen was held "SME board supervision and development of the forum." At the forum, the Shenzhen Stock Exchange for small and medium-sized plate of regulatory requirements made six three major initiatives. State Council Development Research Center financial Xia Bin, director of the Institute that China's stock market to the long-term good, the central bank should be in view of the economic situation at home and abroad, the opportunity to issue a weak signal interest rate increase. Analysts observed that the Shenzhen and Shanghai market continued to fall Wednesday. Heavyweights such as Sinopec and China National Petroleum soft shocks, some restricted the index. Pudie stocks, non-ferrous metals stocks, real estate stocks, Disney concept stocks, such as venture capital unit in the forefront of UN-Habitat, the only part of the Communications Unit, performance in agriculture and forestry shares. At present all the major section decreased, real estate or top plate Habitat, non-ferrous metals, furniture, software, or trust, and other sections are more than 6%, food and feed processing, oil exploration, air transport, agriculture, warehousing plates were relatively resilience, In less than two percent decline. Today, few hot spots, with the exception of 3 G shares slightly active on the concept, the hot money has begun at low tide. Yesterday, the Olympic strong contrarian concept stocks dropped sharply today as a whole, leading Beijing Tourism morning were once fighting to Dieting. Although the communications section rose and a contrarian Zhongwei Guomai limit, but the market Zhuizhang will obviously not strong. 2700 checkpoints were frustrated today, the market has been showing a trend similar to those during the pre-crash characteristics. The short term, Zhongcang financial institutions, real estate, and steel continued to go short, market confidence has hit consecutive two days of the crash will be the first-half months of July rally engulfed in full. Analysts believe that on the whole, the lack of hot and operability is not strong, and the blue chip segment of the overall impact on the disadvantaged also do more morale, turnover gradually shrinking. And the urgency for killing a certain technical rebound in market demand, and can adjust upward back in place, it will be the release of two key signals: the effective volume of shares and financial strength to enlarge. Market rebound patterns have been destroyed First, press comments: 1, recently, the two major U.S. mortgage finance institutions - the Federal National Mortgage Association (Fannie Mae) and the United States Federal residential mortgage loans (premises of the United States) in trouble. Analysts believe that the result of the loan-to-crisis entered a more volatile phase. Review the past year, loan-to-crisis development process, can be said that the market has felt the impact of four-wave, and from the initial crisis has been the loan-to-field, to the entire financial markets and the spread of U.S. economic fundamentals. Comments: fear of the spread and continuing the bad news to the global stock markets cast a shadow. 2, China Securities News - Morning: long decline in the stock market turmoil on the domestic insurance industry, unexpected shock. CIRC Chairman Wu Dingfu, in yesterday's national work conference on insurance regulation that, according to preliminary calculations, as at the end of June, the solvency of the insurance company for less than 12, two more than the beginning, individual companies solvency seriously inadequate. Comments: solvency in the insurance industry overall level of one of the reasons for the decline is the stock market has been continuously lower the impact of the insurance industry itself that there are problems such as irrational product mix, extensive mode of operation, internal management deficiencies. Second, market data: (as of 14:00) The Shanghai Composite Index: 2680.02 rise and fall: -99.43 or -3.58% rise and fall of home: 39: 883 contract amount: 442 Shen Chengzhi: 9247.12 rise and fall: -401.90 or -4.17% rise and fall of home: 38: 708 contract amount: 246 The Hang Seng Index: 21272.25 rise and fall: 97.48, or 0.46% Total: 77: 1591 Total: 688.00 The Hang Seng China Enterprises: 11769.93 rise and fall: 82.61, or 0.71 percent compared with the previous day: -229: 213 compared with the previous day: -183.00 Third, the market situation: Pudie serious disk on stocks, financial, real estate, steel, nonferrous metals, coal, and other heavyweights have become the main force Shadie, although there are some electronics stocks, strong communication plate contrarian, but only the performance of hot flash in the pan, shrinking turnover Do not pose too much of the popular support. 4 and looking forward to investors: Ciji Zhai crisis by the United States to continue to spread the news, the two cities in the financial and real estate stock index plummeted plate drag down the re-emergence of the trend of unilateralism, resulting in lowered Huzhi afternoon approximation to the near 2,700 points. At present, due to the recent rapid decline, stock prices rebound in the original form has basically been destroyed, and technology shape again showed signs of deterioration, the two cities indexes have the possibility of further adjustments. Therefore, I believe that at this stage of positions held by the investors should not be too heavy, operations should continue to be based onrebound. (Hualin Securities)

The first half of the total financing of listed companies升逾25% A shares plunged financing

Listed companies financing the first half of this year amounted to 249.072 billion yuan, representing a year-on-year increase in the first half of last year, 25.31 percent. One A-share IPO and refinancing of both sharp decline in bond financing ratio increases dramatically, accounting for 29.33 percent. A-shares plunged financing This year, the stock market continued to fall in the stock market has already affected financing functions, A shares IPO and refinancing rate was significantly slowed down. Statistics show that the first half of this year, a total of 58 stock markets in Shanghai and Shenzhen A-share issue, fund-raising 89.842 billion yuan, year-over-year decrease of 41 percent. Among them, Shanghai only Zijin Mining, the shares of molybdenum, the Chinese iron construction, energy coal in the four IPO, finance 67.061 billion yuan; Shenzhen listed 54 new shares, a total 22.781 billion yuan financing. And the whole of last year 120 new shares IPO, compared to 447 billion yuan financing, despite the first half of this year the number of IPO nearly half of last year, but many small and medium enterprises, greatly reduce the amount of the financing. In addition, since the Shanghai and Shenzhen stock markets this year, listed companies have implemented additional financing to 131.379 billion yuan, significantly lower than the year-ago levels. As the stock market downturn, some IPO shares and the issuance of additional shares have fallen below the issue price, the stock market financing functions facing a severe test. In order to recuperate the market opportunities, regulatory authorities this year has gradually slowed down the rate of new stock issues will have. Statistics show that in January this year there are 16 new shares IPO, finance 31.166 billion yuan, to June dropped to 10, the financing amounted to only 4.777 billion yuan. The market in particular, greatly reduce the speed issue, even though such as China Construction will have more than a month ago, but the issue has not yet been activated, and the current market to do with the extremely weak. A-share IPO financing last year had a record 447 billion yuan for an all-time high, including the refinancing, the stock market for financing of up to 779.156 billion yuan, the highest in the world market. Last year the A-share market was Niuqi cupola, but今非昔比, since the stock market to continue this year shrouded in shadow of a bear market, the financing capacity substantially weakened. According to PricewaterhouseCoopers recently released a research report predicts that in 2008 the A-share IPO amount of the financing will be only 250 billion yuan, far below last year's 447 billion yuan. A broker to vote on this trip said that this year the A-share financing will undoubtedly return to ebb period. If the second half of the market situation can not improve, the market will seriously restrict the issuance of blue chips listed on the long-awaited return of red chips as well as foreign companies issued A shares will increase the difficulty. Active equity financing Financing and public offering of stock market decline sharply formed a strong contrast, this year continued active private equity financing. According to research institutions-equity investment by the Group to statistics, since 2008 China's private equity market to maintain high growth in the first half of the total VC investment in PE and nearly 6.5 billion U.S. dollars, equivalent to about 45 billion yuan RMB. Of these, a quarter for a total of 16 Asian markets, including China, the scope of investment in the private equity fund successful fund-raising 19.998 billion U.S. dollars, to raise a substantial amount of growth than the same period last year. At the same time, Chinese enterprises have a total of 36 private equity investment funds, private equity participation in investment over 30 the number of institutions, investment of 2.679 billion U.S. dollars. In addition, the second quarter for a total of 10 Asian markets private equity funds successfully raise funds to 12.022 billion U.S. dollars, although the amount raised in the first quarter, down, over the same period last year but still substantial growth. During a total of 37 Chinese enterprises are private equity investment funds, private equity participation in investment over 30 the number of institutions, investment of 2.559 billion U.S. dollars. China's private equity market the good momentum of development, is attracting global capital have influx. It was clear by the Group this year, specifically for the Asian market including China, the private equity investment fund managed investment funds is expected to be over 50 billion U.S. dollars. If there is no significant market volatility is expected in 2008 China's annual private equity fund Touziejiang maintained at over 10 billion U.S. dollars. On the industry, the year 2008 is expected to traditional private equity fund investment is still occupy an important position. However, the distribution industry will be greater change, the real estate industry has experienced in the market after the low or are on the increase in the breakdown of other high-tech areas, the international oil prices and the improvement of environmental requirements, will enable the new field of energy Highlights the value of the investment. Over the past two years the rise of new energy companies to invest in China's boom in 2008 will Redubujian. Private equity market for the momentum of vigorous development, an industry that since the stock market financing more difficult, some companies turn to private equity investment. And private equity investment in China is very attractive returns, further to attract funds into private equity investment market. Corporate debt financing for the same period last year by twice The stock market crash can not overburdened expansion, substantial commercial bank credit crunch, 2008 is destined to become the financing of enterprises is extremely difficult year. This year, and the role of the bond market, in this particular against the background of the subtle changes also will occur, the bond market is becoming a corporate finance of a vital lifeline. China Merchants Securities recently released the latest data shows that: the first half of 2008 corporate debt financing amounted to 119.6 billion yuan, close to the same period in 2007 of 2 times the level of the whole year of 2007 equal to 60 percent. In addition, convertible bonds (including the separation of convertible bonds) fund-raising 61.4 billion yuan, an increase of 4.3 times the bonds to raise funds 13 billion yuan, up 16 percent, bond financing of the expansion in 2008 has become the corporate direct financing New bright spot. While in the first half of the bond market continued to raise interest rates shadow, and not a good performance, but relative to the same period in the stock market crash, high safety margins for institutional investors in the bond market more attractive compared with previous years has increased . And this year, the State Development and Reform Commission, the central bank, the SFC Jian Guanceng such as the promotion, the medium-term notes the introduction of new varieties, corporate bonds, short-term financing bills to issue the stronger and makes the bond market is becoming an important corporate finance The lifeline. First quarter of this year, short-term financing bills through the end of 2007 the yield rose after the plight of the interest rate increase is expected to weaken a good background, the rapid increase in the total issued and listed companies to become more difficult after the issuance of another important Channels. At the same time, various short-term financing bills between the credit spreads also to have a more significant manifestation of a more market-oriented interest rate for short-financial enterprises financing for a more healthy basis. And the texture more than a quarter of the listed companies do not have the financial issue of the short, a similar enterprises to further reduce the financial threshold for issuing short. April this year, after a period of deliberation, a new corporate financing - officially open the medium-term notes. Medium-term notes issued under the relevant rules and guidelines, approved the medium-term notes issued by the central bank powers delegated to the dealers association and the rapid introduction of efficient registration system. In the first phase to large national enterprises as the representative of the medium-term notes issued after the market judgement, the main medium-term notes will be issued gradually shifted some of the non-listed companies and the quality of listed companies, corporate finance and continue to provide an important channel. Analysts predict that in the second quarter, the first large-scale national enterprises test water quality, other types of the second half of the medium-term notes the main issue is expected to soon break that. Separation of convertible bonds or issuing additional shares will be replaced Into June, the listed companies issued by the separation of convertible bonds increased significantly in the month the bond market and become a major bright spot. In Baosteel, the Gezhouba Dam, and so on, the East-E E-Jiao, such as a new batch of separate convertible bonds is also about landing Stock Exchange bond market. Because of its convertible bonds lower nominal interest rates, financing costs compared to other methods have advantages, for listed companies, separate convertible bonds issuance of the shares is expected to become a suitable alternative. Morgan Stanley and other foreign investment banks this year in China's capital market analysis indicated, A-share market has developed rapidly, but the market is too volatile. Therefore, China must introduce a new financing products, and the development of bond markets can be a pressure to reduce the role of the stock market financing. Qi Bin, director of the SFC Research Center said earlier this year, listed companies can not only funding needs through the stock market, can also be achieved through the bond market. In a mature capital market, the bond market is generally greater than the stock market, which is a seesaw relationship, the stock market fluctuations, capital will flow to the bond market. At present, China's bond market and the financing amounted to only about 27 percent of the stock market, bond market should be in the future on the basis of sound speed up development and improve the credit system construction, for the listed companies to provide more financing channels. Analysts said that with the bond market this year, since the rich variety and level of credit spreads will also speed up the manifestation of the bond market more attractive to institutional investors will also gradually increase, thus forming the bond market financing and investment interaction between the virtuous circle. In the current context of sluggish stock market, the bond market's robust expansion will form a listed company, the stock market, the bond market's "win-win-win."

Be who you want on the web pages you visit

A while ago, I looked around the social web and wished that it could be less static. Sure, you can leave a comment on a blog or write a text blurb on your social networking profile. But what if you want to express yourself in a more fun way, with 3D graphics and real-time avatar interactions? I started asking this question as a 20% project, and I'm excited to announce today's release of Lively by Google - a 3D virtual experience that is the newest addition to Google Labs.The Lively team wants to help people experience another dimension of the web. We hope you will use the product to express yourself with and without words, and to do this in the places you already visit on the web.If you enter a Lively room embedded on your favorite blog or website, you can immediately get a sense of the room creator's interests, just by looking at the furniture and environment they chose. You can also express your own personality by customizing your avatar's look, showing people who you are without having to say a word. Of course, you can chat with each other, and you can also interact through animated actions. In our user research, we’ve been amazed at how much more poignant it is to receive an animated hug than seeing the text “[[hug]]”.Prior to this release, we worked closely with Arizona State University. Based on feedback from ASU students and with help from the Google Desktop team, we added support for playing YouTube videos in virtual TVs and showing photos in virtual picture frames inside our rooms. Better yet, the gadgets you have in your Lively rooms can also run on your desktop.To learn more about Lively, please visit www.lively.com. We’re eager to hear your feedback. Maybe we'll bump into you in one of our rooms!