Opinion

Felix Salmon

Counterparties

By Felix Salmon
April 15, 2011

Did bad architecture kill Flip? — Mobile Opportunity, see also Pogue

In which I talk to Joe Karaganis about IP protection(ism) — Reuters

Walker admits during testimony that collective bargaining law doesn’t save money — Cap Times

Roubini’s long-term bearish on China — Project Syndicate

Comments
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It wasn’t bad architecture that killed Flip, it was bad management (Cisco’s). Why Cisco is shutting them down, as opposed to selling them, is unknown (is Chambers trying to prove he can make difficult decisions?), but Pogue’s idea that they only wanted it for their technology is way off. They paid $590M for Flip, and the technology wasn’t worth 1% of that. Their value was their brand and the niche they created, and cisco just decided they don’t care about that stuff any more.

Posted by KenG_CA | Report as abusive
 

“More importantly, China needs either to privatize its SOEs, so that their profits become income for households, or to tax their profits at a far higher rate and transfer the fiscal gains to households.” SOE – state owned enterprises. This is curiously like the situation in the US with the financial markets which soak up far to great a share of GDP. Although of course in our case noting is actually produced, and they probably should have been nationalized, at least temporarily.

What happens here if, as Roubini so convincingly argues, China suffers a hard landing in the next few years?

Posted by frit | Report as abusive
 

“More importantly, China needs either to privatize its SOEs, so that their profits become income for households, or to tax their profits at a far higher rate and transfer the fiscal gains to households.” SOE – state owned enterprises. This is curiously like the situation in the US with the financial markets which soak up far to great a share of GDP. Although of course in our case noting is actually produced, and they probably should have been nationalized, at least temporarily.

What happens here if, as Roubini so convincingly argues, China suffers a hard landing in the next few years?

Posted by frit | Report as abusive
 

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