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| 10-Aug-2010 20:01 |
User Research/Opinions
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PAY FOR WHAT YOU GET Crowd-sourcing can lead to significant savings. InnoCentive, a crowd-sourcing company, worked with Precyse Technologies, a wireless technology company that wanted to conserve its own engineering resources, to develop a product that would activate a device remotely. The project was listed on InnoCentive’s Marketplace. The price tag was listed as US$50,000. Problem “solvers”, as InnoCentive calls its work force, selected Precyse’s project from the queue. The result: Hundreds of ideas for technology that could activate a device remotely. “They didn’t just deliver a solution but the algorithm and calculations that proved it could be done,” said Mr Rom Eizenberg, chief marketing officer at Precyse. And if a project does not work out, the money you paid often can be refunded. When PocketMac, a software developer in San Diego, hired 99Designs to create a shopping cart icon for its site, it was dissatisfied with the results; 99Designs returned the company’s US$200 upfront payment. Th e New York Times |
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| 10-Aug-2010 19:57 |
User Research/Opinions
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PAY ATTENTION Mr Rosen, of the Rosen Law Firm, also turned to crowd-sourcing for a company logo. He put out a query through 99Designs and reached designers around the world. Throughout the process, Mr Rosen’s firm gave feedback to designers. The process led to a logo that reflected the company’s mission. On Trada’s pay-per-click platform, businesses can track the individuals working on their campaigns. Engagement is crucial, Mr Robertson said: “Don’t look at crowd-sourcing as set and forget.” |
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| 10-Aug-2010 19:54 |
User Research/Opinions
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HONE YOUR GOAL Mr Riley Gibson, chief executive of Napkin Labs, said that setting clear goals made all the difference. The best queries, he suggested, are exploratory in nature: “What do people think of the product? How can we make it better?” Mr Robertson, the Trada chief executive, added that businesses needed to explain their project, their customers and their company in detail. |
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| 10-Aug-2010 19:51 |
User Research/Opinions
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FIND A PARTNER IN THE CROWD To find prospective firms, combine a Web search for the task you want completed, with the term “crowdsourcing”. Then turn to Twitter. “This is where social media can be super helpful,” Mr Robertson said. Business owners should solicit feedback on crowd-sourcing providers on Twitter. Be sure to include the tag “#crowdsourcing” in your post.
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| 10-Aug-2010 19:48 |
User Research/Opinions
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DEFINE THE JOB The Rosen Law Firm wanted to improve the pay-per-click text ads it uses to generate business online. Strategically apportioning the monthly US$6,000 budget among 80 to 100 keywords was an arduous task for his limited staff, said Mr Lee Rosen, president of the firm. Selecting keywords is more art than science: “We needed a human being”, said Mr Rosen. Or, perhaps, many human beings. Then, Mr Rosen heard a podcast by Mr Niel Robertson, chief executive of Trada, a crowd-sourcing firm that specialises in pay-per-click advertising. In consultation with Trada, Mr Rosen broke down his US$6,000 monthly budget and determined a maximum rate he would spend on each click daily, and where he wanted to advertise. Trada then posted the campaign to its crowd of experts, who created ads and keyword lists. If the campaigns come in under budget, the experts pocket the difference. Trada now handles the planning and spending for the Rosen Law Firm. Mr Rosen’s budget remains the same but his employees have been freed. |
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| 10-Aug-2010 19:44 |
User Research/Opinions
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CROWD-SOURCING FROM all appearances, Trek Light Gear is a substantial operation. The company sells many products, such as its signature lightweight hammock, backpacks and apparel. It operates a flagship store in Boulder, Colorado, distributes products online and sells at festivals and events all over the United States. But Trek Light has a full-time staff of one: Mr Seth Haber, the founder. “I’m always trying to seem bigger,” he said. However, he has felt the pinch of being a small operation. So, last year, he turned to crowdsourcing for help. Through a local company called Napkin Labs, Mr Haber gained access to a large pool of consumers who would view the company through external eyes and give ideas on where it should be going. The process led to his crucial branding question: Should he focus his efforts on the company’s hammock or expand into related products for campers? A series of exploratory questions was posted to the Napkin Labs crowd members and for feedback on the brand itself. After a few weeks, Napkin Labs delivered the crowd’s verdict: Expand the business. “It really confirmed my decision not to pigeonhole the business around the lightweight hammock,” Mr Haber said. Although payment varies by project, the crowd is paid based on a point system that evaluates the frequency of participation, quality of ideas and influence on the outcome. Napkin Labs typically charges US$10,000 ($13,534) or more for a project that involves both crowd-sourcing and consulting. The process of crowd-sourcing involves turning to resources outside your company. But instead of outsourcing a specific task or business function to a single company, crowd-sourcing — also known as Expert Sourcing and Open Innovation — makes a public, or semi-public, invitation to a community at large to provide input or work. Thousands of Crowd-Sourcing Providers have since emerged. What follows are suggestions based on the experiences of other small-business owners. |
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| 10-Aug-2010 19:20 |
User Research/Opinions
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Tapping the wisdom of the crowd Expand your business without blowing your budget: Make use of your community |
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| 10-Aug-2010 19:06 |
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| 10-Aug-2010 18:44 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Profit guidance for fourth quarter ended 30 June 2010The Board of Directors of AusGroup Limited (the 'Company' and together with its subsidiaries, the 'Group') deems it appropriate to announce that the Group is expected to report a loss for the fourth quarter ended 30 June 2010. |
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| 10-Aug-2010 16:55 |
Fixed Deposits
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SGD Cash Deposit
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JAKARTA - INDONESIA said on Thursday its gross domestic product (GDP) grew 6.2 per cent in the second quarter of 2010 from a year earlier as household consumption, exports and investment picked up. South-east Asia's biggest economy grew 2.8 per cent in the April-June period, faster than the 1.9 per cent expansion seen in the first quarter, the Central Statistics Agency said. 'The economic growth was helped by improving domestic and external factors,' agency deputy chairman Slamet Sutomo told reporters. Household consumption rose five percent on-year during the quarter, investment grew eight percent and exports increased 15 per cent, the agency said. The country's Central Bank on Wednesday kept its Key Interest steady at 6.50 per cent despite higher inflation in July, which it blamed on seasonal factors. The annual inflation rate climbed to its highest point this year due to rising food prices, which had put pressure on the central bank to hike rates at Wednesday's meeting. |
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| 10-Aug-2010 16:49 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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convert your S$ or USD into INDO Rupiah Remit to JARKARTA and Place FD in INDO bank at 6.5% Collect your annual FD interest at 6.5% in INDO Rupiah convert back INDO Rupiah Interest to S$ or USD you can SPEND your annual FD Interest of 6.5% in S$ or USD. bOth QUALITY and QUANTITY are ACHIEVED
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| 10-Aug-2010 16:43 |
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Surprise exit of iPhone exec adds fuel to ‘Antennagate’ speculation SAN FRANCISCO — Mr Mark Papermaster, Apple’s senior vice-president of devices hardware engineering, is leaving the company less than two years after he was controversially lured from IBM. The company would not say whether he had resigned or been dismissed but his details have already been removed from Apple’s corporate website. The exit of Mr Papermaster, who had led the hardware engineering teams that designed Apple’s iPhones and iPods, sparked speculation he was paying the price for “Antennagate”. It comes just six weeks after the launch of Apple’s latest smartphone, the iPhone 4, which was marred by complaints that the handset’s signal strength fell sharply when held a certain way. Although Apple would not say why Mr Papermaster is leaving, spokesman Steve Dowlings confirmed that Mr Bob Mansfield, senior vice-president of Macintosh hardware engineering, is “assuming his responsibilities”. Mr John Gruber, who blogs about Apple, said it was “clear he (Papermaster) was sacked”, pointing to his absence from the July 16 press conference when Apple CEO Steve Jobs discussed the antenna issue. One analyst argued the change of corporate culture at Apple may have been too much for the IBM veteran. “At the end of the day, it might have been that he didn’t have enough T-shirts and blue jeans in his closet,” said Mr Brian Marshall, an analyst with Gleacher & Company. The Apple antenna debacle has taken another twist with the surprise departure of the senior executive responsible for engineering the iPhone and the iPod.THE GUARDIAN |
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| 10-Aug-2010 16:36 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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Oil spill costs BP S$8b Energy giant BP said yesterday that it had spent US$6.1 billion (S$8.22 billion) so far to meet costs from the massive oil spill in the Gulf of Mexico, days after plugging the damaged well with concrete. LONDON — “The cost of the response to date amounts to approximately US$6.1 billion, including the cost of the spill response, containment, relief well drilling, static kill and cementing, grants to the Gulf states, claims paid, and federal costs,” BP said in a statement. An estimated 4.9 million barrels of oil spewed from BP’s ruptured well in the 87 days from the beginning of the disaster until the leak was finally capped on July 15, the United States has said. The company revealed on Thursday that it had finished pumping cement into the damaged well after a five-hour operation. “The MC252 well has been shut-in since July 15; there is currently no oil flowing into the Gulf,” the group said yesterday. It added: “Following the completion of cementing operations on the MC252 well on Aug 5, pressure testing was performed which indicated there is an effective cement plug in the casing. BP believes the static kill and cementing procedures have been successful.” Earlier, President Barack Obama’s top energy adviser, Mr Jason Grumet, warned that BP will pay a “large financial penalty” for the oil disaster but refused to say if criminal negligence charges will be pursued. With the ruptured Macondo well all but dead on the ocean floor as engineers shut the well for good, BP is shifting towards recovery operations including cleaning hundreds of kilometres of shoreline and restoring the economic health of the region.” |
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| 10-Aug-2010 16:34 |
User Research/Opinions
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Oil spill costs BP S$8b LONDON — “The cost of the response to date amounts to approximately US$6.1 billion, including the cost of the spill response, containment, relief well drilling, static kill and cementing, grants to the Gulf states, claims paid, and federal costs,” BP said in a statement. An estimated 4.9 million barrels of oil spewed from BP’s ruptured well in the 87 days from the beginning of the disaster until the leak was finally capped on July 15, the United States has said. The company revealed on Thursday that it had finished pumping cement into the damaged well after a five-hour operation. “The MC252 well has been shut-in since July 15; there is currently no oil flowing into the Gulf,” the group said yesterday. It added: “Following the completion of cementing operations on the MC252 well on Aug 5, pressure testing was performed which indicated there is an effective cement plug in the casing. BP believes the static kill and cementing procedures have been successful.” Earlier, President Barack Obama’s top energy adviser, Mr Jason Grumet, warned that BP will pay a “large financial penalty” for the oil disaster but refused to say if criminal negligence charges will be pursued. With the ruptured Macondo well all but dead on the ocean floor as engineers shut the well for good, BP is shifting towards recovery operations including cleaning hundreds of kilometres of shoreline and restoring the economic health of the region.” Energy giant BP said yesterday that it had spent US$6.1 billion (S$8.22 billion) so far to meet costs from the massive oil spill in the Gulf of Mexico, days after plugging the damaged well with concrete.AFP PS: It ALL started on COST CUTTING of a few million on the drill. |
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| 10-Aug-2010 16:22 |
Olam Intl
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Olam
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7.5% Coupon for USD bOnd TODAY is CRACY and DESPARATE ? ? ? ? 10 Years Long Term at 7.5% is EXTREMELY CRACY and EXTREMELY DESPARATE ? ? ? ? |
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| 10-Aug-2010 16:15 |
Olam Intl
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Ramping up its capex
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7.5% Coupon for USD bOnd TODAY is CRACY and DESPARATE ? ? ? ? 10 Years Long Term at 7.5% is EXTREMELY CRACY and EXTREMELY DESPARATE ? ? ? ? |
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| 10-Aug-2010 16:08 |
Olam Intl
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Ramping up its capex
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Olam issues 10-year bonds to raise $337m Olam International has issued US $250 million ($337 million) in unsecured bonds, the commodities producer said over the weekend in a statement on the Singapore Exchange. According to Olam, this is the first UNrated offering of US -dollar denominated bonds by a Singapore issuer in the international bond market. It added that the bonds have a maturity of 10 years, which provides Olam with long-term financing. In line with the pricing guidance, the bonds bear a 7.5 per cent coupon. Olam said it will use the net proceeds of the bond issue for capital expenditure and the financing of potential acquisitions. The bond issue was oversubscribed by more than 80 investors, with 79 per cent from Asia and 21 per cent from Europe. |
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| 10-Aug-2010 16:04 |
Olam Intl
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Olam
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Olam issues 10-year bonds to raise $337m Olam International has issued US $250 million ($337 million) in unsecured bonds, the commodities producer said over the weekend in a statement on the Singapore Exchange. According to Olam, this is the first UNrated offering of US -dollar denominated bonds by a Singapore issuer in the international bond market. It added that the bonds have a maturity of 10 years, which provides Olam with long-term financing. In line with the pricing guidance, the bonds bear a 7.5 per cent coupon. Olam said it will use the net proceeds of the bond issue for capital expenditure and the financing of potential acquisitions. The bond issue was oversubscribed by more than 80 investors, with 79 per cent from Asia and 21 per cent from Europe. |
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| 10-Aug-2010 15:54 |
Trading Techniques
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! ! ! ! Trading Seminars ! ! ! !
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ETFs by OCBC Securities ETF Education Series: ABC ofDate: Aug 12 Time: 6.45pm to 7.45pm Venue: OCBC Bank Centre, Committee Room, Level 50
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| 10-Aug-2010 15:52 |
Trading Techniques
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! ! ! ! Trading Seminars ! ! ! !
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Warrant Tips and Strategies Macquarie Capital Securities (Singapore) Date: Aug 11 Time: 6.30pm to 8.00pm Venue: SGX Auditorium Registration: Visit www.warrants.com.sg |
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