Credit to Direct Broking’s homepage. Very cool form.

I do prefer eTrade’s through – for function over form. The pertinent market information is there, and the cursor is waiting for me in the login box, so I can login without resorting to the mouse.

Credit to Direct Broking’s homepage. Very cool form.

I do prefer eTrade’s through – for function over form. The pertinent market information is there, and the cursor is waiting for me in the login box, so I can login without resorting to the mouse.

What a ridiculous ad format. It doesn’t shrink or otherwise go away either.

A new beta travel site from Jasons. Interestingly they are targeting Australia and the South Pacific as well as NZ.
They have 168 listings for Wellington.
Vianet, Trade Me’s Travel partner, has 80.
However, Jason’s site only displays 10 results at a time, doesn’t map them at all.
The battle is on. My money (and I am quite biased) is on Trade Me. Their site will be easy to use, easily findable and deliver the most traffic.
I arrive back home to find my gas has been disconnected.
For the second time.
This year.
AND my electricity was disconnected once this year.
It is no wonder that this industry killed someone – their approach to customer service is arrogant beyond belief.
My bills are always overpaid, and indeed I am over one thousand dollars in credit at Contact Energy. That’s not the issue.
My electricity was the first to go – I was sitting here a few months back, working away, and I heard a banging sound from outside. I idly thought I should go and investigate, and as I was gearing up to do so….. the lights went out.
I’m certain the contractor heard my expletive, and I rushed outside (it was wet of course) to confront him.
It was a case of mistaken identity – my address is similar to my next door neighbour, and my meter apparently wasn’t coded correctly on the meter database.
The contractor that disconnected me was working for Contact Energy, and he did so because Contact had received notice from a rival company that I was changing over. In spite of my bill being several hundred dollars in credit, and in spite of Contact never managing to talk or otherwise communciate with me, I was disconnected. I even subsequently received refund checks for my electricity and gas bills. I do not deal with checks very well (nor any bits of paper) and why for the life of me they couldn’t use internet banking like the rest of us, I have no idea.
One long phone call to the Contact Energy folks later, and I was reconnected by the chap that had disconnected me. I was also assured that the meter identity problem was fixed.
Luckily nothing was fritzed, and lucky I was using a laptop, not a desktop.
Lucky I wasn’t away, and so my fridge and freezer contents were preserved. Indeed I should really have been at work that morning but for some random reason that day I decided to work from home.
I was assured by Contact that my imagined scenario of arriving home to find either the electricity or gas disconnected by a rival company was never going to happen, and so I lived on.
Until the gas was disconnected 3 or 4 weeks later.
I had been away for a few days, and found out on a Saturday morning when I went to have a shower.
A cold shower.
On a Saturday morning. Not happy.
Turns out I’d been disconnected for several days.
It was another case of mistaken identity. This time it was a contractor working for, yes, a rival company (Origin I think). Again the address and meter were not tied together correctly, in spite of being told so by Contact.
Another series of phone calls, and this time a wait for a contractor to reconnect me, and then I had to cajole him, almost physically block him in even, to make sure he did not leave without ensuring my hot water cylinder was switched back on.
A wasted few hours, time on hold talking with polite but no doubt frustrated telephonists, and eventually I garnered not only a firm ‘we will not do this again’ but also, a written apology. I really had to work at getting that apology, and only did so after I realised to my surprise that the telephonist would not apologise for the 2 disconnections. This seemed just mad to me, and so I went through the motions to make them write a formal apology, which they eventually did.
And then there is today.
This time, the non-apologising telephonist tells me, I was disconnected becasue my meter required maintenance, and although it was safely disconnected, they require someone at home (and access to the gas equipment) to make sure they don’t blow anything up when they reconnect. Thus some contractor was able to come to my house and disconnect me without asking my permission. I did not get any warning that this was going to happen.
The contractor that reconnected me today told me that everybody in my suburb was upgraded, and that we all received letters.
I didn’t.
Turns out that all of the companies contracted to one company to change all of the meters around here. When dealing with gas or electricity the safety of that power source must be paramount, and for this reason I am understanding if I am told that the pipework on my meter has passed it’s use-by date and must be replaced.
The problem is I was not told. Either ahead of time, or shortly before-hand.
So who was organising which meters would be maintained each day? If it was the contracting company, then were they supplying Contact and other gas companies with an advance list of houses on the maintenance list? Or did they have my phone number and just not call? Why were we not told they were coming? After all – you cannot switch gas back on again without the resident there.
I asked for another apology today, but the telephonist said he was not allowed(!) to apologise, and that I would have to first speak with his team leader.
I gave up.
Overall the experiences of this year stink for a variety of reasons:
Firstly, you do not arbitrarily switch off power, be it gas or electricity. That is violating even the most basic of customer service and safety procedures. People can die. Meat can thaw. Customers can lose hair. (Only the last has happened to me)
Secondly, you admit when you are wrong, and fix the problem. You allow your employees (and contractors) to apologise on your behalf, and give them the tools and power to make things right.
Thirdly, you coordinate and choreograph your contractors, so you know where they are, and when they will be at my place. You give me a 15 minute window to be home, or you promise to call me when they are 30 minutes out. You do not give me a five hour window (as I have had). You do everything in your power to make sure I am home when you want to connect my gas, and make it as easy for me as possible to be there.
I’d change companies, but I am pretty sure that the others are just as bad, and almost certain that the process would get me disconnected again.
I’d short their stock, but they are a cozy oligopoly, and so their profits are locked in.
and so I’ll just blog about it.
There – I feel better now.
Smart move by Microsoft – make the price of their software low enough so that the extra cost over a pirated copy is worth the positive feeling by buying a legal copy. It’s still really expensive compared to the average income, but they have to draw a line in the sand at some point.
The problem is that the basic version of Vista is just that – basic. Getting a pirate version of Vista Ultimate is still the way to go. (If you are in China)
Microsoft is apparently also selling Windows+office to China based students for next to nothing, which means that they are willing to go the Microsoft route rather than free nix alternatives. That’s an even smarter move, that should pay dividends in the years to come.
A good article in the Australian about the debacle that is AFR.com.au.
Killer quote from Cheief Executve Michael Gill:
“We are not aware of any other product like that, which is why it has been an unusually complex project.”
and the response from Mark Day, the journalist:
“Unusually complex? Therein lies the problem. The technical complexity involved in building a world-first financial information and services application – combining various software programs and getting them to work together – is one thing; getting users to understand it is another.”
I for one struggle to understand it, and I simply will not use the site as it is, well, unusable.
Fairfax Business Media just doesn’t seem to understand Internet Business. Why, therefore, should I expect the AFR to cover internet issues with any credibility?
Sometimes I really have to sit back and wonder at our short memories…
Facebook is the new new thing it seems, even though it has been around since 2004 – starting at Harvard and spreading to other Boston and Ivy League universities. I have an ivy league alumni email address, so in theory could have joined back in early 2004. However the site was clearly targeted at current university students, and I, well I was older.
Then in 2006 the requirements were opened up, the site gradually went nuts, and now has over 30m members. I remember that part of the appeal of Facebook was exclusivity, so I am guessing those Harvard Students have mixed feelings about the expansion.
Same with LinkedIn.
Linked in launched in 2003, and I remember it was targeted at a pretty small ‘elite’. They now boast 12m members, and the quality is still high enough. It seems to have really taken off in NZ recently.
I’ve previously referred to LinkedIn in as MySpace for adults, but there is an essential difference between LinkedIn and the other social networking sites.
On LinkedIn you just put your profile up and you are done. You manage links as they come, but it really isn’t a site for actively talking about your life and interacting with others. All in all it is pretty low maintenance, and the value is in the slowly building your professional online network.
MySpace, Friendster and Facebook are quite different – they want, nay demand, that you stick around, write a little and have some fun. That requres work, but the work pays off in an increasingly bigger Circle of Friends (which, incidentally, was the name of one of Trade Me’s lessor products). If you don’t stay active, then you are nobody, and who wants to be on Myspace with no friends?
So the 12m Facebook members topline number is really not that relevant – it is the number of active members that counts. LinkedIn memberships require less work, but still provide benefits now and then. So I am guessing that the average active lifespan of a LinkedIn member profile will be longer than a Facebook profile (not that you can easily delete either Facebook or LinkedIn profiles)
My guess is also that social networking sites will come and go, LinkedIn among them. But I’m also picking that the big ones aimed at the mass market will blow up, while smaller sites aimed at niches will prosper. Orkut (Brazil), and Friendster (Phillipines), along with Bebo (strong in NZ) are sites that have abnormally strong memberships in a certain geography – so much so for the first two that the dynamic of the site changed permanently. Sites centered around interest groups (MySpace = music) will also have a chance.
But I’m picking that a bunch of people will realise that these networking sites are not really needed. Most of my friends are not active members of any of the plethora of sites, and frankly I expect many of them will never be. Meanwhile the next generation will find something new to do.
Back to history – the bubble is finally bursting on Second Life as media start to realise that actually not a lot of people hang out there. or care.
So can we remember the headlines from a year ago? MySpace. Second Life. MySpace is still around but being eaten by Facebook, while Second Life is losing relevance.
So how long do we really expect Facebook to last?
Rod Drury is “Rod” #1 on Google.co.nz, #5 on Google.com – both very impressive.
I’m the number – oh 80 or so – “Lance” in Google.com, but at least I can order a T-Shirt from the most popular Lance site…

Slashdot picked up on it late, but here you go.
That’s an impressive law – hitting both The Daily Show and Slashdot.
Time to give it up as a bad joke…
In the last two days the US markets plummeted – yesterday by 1.5% on average.
But my US portfolio value actually rose marginally on the day, as the value of the 2 stocks I am short (EQR, MSFT) fell by more than the fall in value of the 2 stocks I am long (AAPL, EBAY).
My portfolio is a bet that AAPL will outperform MSFT and EBAY will outperform EQR. From my average purchase price, EBAY is up 16%, EQR down 24%. What a pity I sold some EQR for about 16% gain 2 days back.
Moreover AAPL is up an amazing 51%, but MSFT is up 3.1%. That’s a small loss on MSFT to me, but overall a big gain. What a pity I sold twice as much MSFT as I purchase AAPL.
In New Zealand it is not possible to cleanly and easily construct such a portfolio. To me a market without the ability to short is not a market, as you cannot bet both ways, which means lousy stocks don’t get culled.
2380 investors, $5.25m raised. That’s $2,205 per investor – paltry. A poorer showing given that they even spent money on TVC’s advertising the float. Goodness knows what the total expenses were for the float, but this can’t have been an efficient way of raising the cash – especially as the founders appear to have deep pockets anyway.
Founder/owners Roberts & Mason will chip in $2.75m so that the minimum of $8m is attained, but those poor newbie investors will collectively have just 8.75% of the equity.
Not a lot of professional investors in there, which means that this thing could do anything once the shares are listed. From memory the BurgerFuel shares will be on the B market anyway, which one expects to be thinly traded and volatile.
Hardly a listing. Hardly a market.
eBay France will now give away Gallery for free – when you pay for listings. eBay, unlike Trade Me, charges a listing price, which varies by the size of the reserve. eBay France have now boosted that price, but every auction gets a picture in their search results for free.
Interestingly eBay.fr has also dropped the listing fee from €0.35 to €0.20 for auctions listed at €1 or less.
Perhaps they are learning something from Trade Me after all.
I’m becoming addicted to Dave Moore’s Drivetalk. I’ll let Dave’s resume speak for itself:
“Dave Moore is Motoring Editor for The Press and The Dominion Post and blogs for Stuff on all things automotive. His words also appear regularly in other Fairfax titles, including NZ Autocar, and he can be heard every week on NewstalkZB. He is the current Qantas Transport Columnist and Transport Feature Writer of the Year. “
He’s also a very good bloke, and yes, a very good writer. Although I certainly don’t agree with everything he says, there are some excellent posts.
Chicago’s OHare airport is ripping out pay phones and replacing them with power sockets, chairs and counters. Bless them – I’m sick of wandering around (usually american) airports looking for power sockets.
Disposable income for “Managers” is largest in Saudi Arabia, small in the USA and generally better in third world countries than first world. No real surprise there – the lifestyle of 3rd world executives is pretty lush, but you trade that off against the general environment in some instances.
Telecom under-invested and we all suffered as a result. Great work by OECD (and TUANZ, NZHerald) to unveil what we all knew in numerical form. It should be pretty easy to show total return to shareholders versus investment to show the flawed Telecom strategy versus foreign peers.
XBox 360 4th quarter sales were 700,000 units, versus 1.8m the year before. No thanks to the Wii or hardware failures, and the division dropped over $1bn of real money.
Funny money is getting closer to real money. Oh for the days when NZD=USD. But by the way the aussie and loonie are also doing pretty well. It’s all about commodity based currencies, and commodities are doing well these years.
NZD-USD
AUD-USD
CAD-USD
15.5% per annum – that’s the investor return Mark Clare is reporting for 42 Below IPO takers. It is a great article.
Folks – that’s not success for those shareholders (but it was for the founders and financiers). An IPO is risky business, and expected returns are much higher. The exit was pretty smooth though, but the founders must wonder sometimes whether a later exist could have realised more.