Friday, October 10, 2008

New war? UK in Panic

Ok, UK is mad at iceland because lots of savings where put into icelandic banks and now have vanished. However, as it is always the case with investments: know your risks before you invest. The UK authorities apparently didn't read the fineprint.

But is this the right reason to start a war?
UK is now using the terror law as a tool for revenge?

Trouble and panic in Iceland.

I have a big telecom's project in Iceland since a year. Iceland is a beautiful and amazing country. But it is in big trouble one might think. The 4 biggest icelandic banks have been taken over by the government over night. Icelandic companies of the finance sector are in big trouble due to that and the sector has big issues too.

Everyone thinks I must be mad to be in telecoms and into Iceland at this time. The reality is different. What's happening currently in the icelandic market is pure panic. Ok its for real that some people have lost or are going to loose big money or already have lost it. But does that have to do anything with my plans? It doesn't. It means my competitors get into trouble. They are already cutting jobs big time. It means a lot of people revise their budgets and will be looking for better deals to save. The result of this is that we might even get more customers than we thought. It means there might even be one or two competitors less. Have we lost money so far? No. As we only invested in our own infrastructure and didn't play games on the financial market, we have lost nothing. Our own infrastructure is still worth the same as before. Zero value lost. So why panic?

Quintessence: Generalizing trouble in panic situations is bad. One guy's trouble is the other guy's opportunity. Trouble and panic as it happens right now is just shifting money around quickly. Some will loose and some will win. And this time we won't bee on the loosing side.

Wednesday, October 1, 2008

NDA dropped

Apple has finally dropped the NDA for iPhone development!
Its abut time developers can now talk freely between them!

Long live free speech...