Sunday, July 29. 2007
Yes ladies, Lululemon has a hot new product out, it's called the Lululemon IPO (initial public offering) which means their company is now selling stock to the public. This means you can buy a piece of the company.
A few years ago, I was introduced to a brand of clothing known as Lululemon. Being completely inept in fashion, I had no idea what it was. I learned about them from a conversation with a friend. It went something like this:
Friend: Hey Chan, check out my special new pants. Pretty sweet eh?
Chan: Uh.... sure. What makes them so special?
Friend: They're Lululemon pants!
Chan: Uhhh... okay, how much were they?
Friend: $100
Chan: $100 !!!! Why are those pants so expensive?
Friend: Because they're special Yoga pants, and they're super comfortable.
After this conversation, I started noticing a lot of women wearing Lululemon products. Any of my friends who had owned them seemed to have this deep attachment with the brand name. I thought to myself, this is crazy, but I'd sure love to invest in a clothing company who has a cult like following.
Continue reading "Lululemon IPO Up 55%"
Saturday, July 28. 2007
It is officially 12 days before I move to Santa Clara, California. My flight is finally confirmed. Overall, the relocation process has been fairly draining. My to-do list is far too long, and time is short.
I'm spending most of my free time trying to find an apartment, and it's tricky due to my search constraints. The biggest one is easy access to public transit since I won't have a car for some time. I decided against moving my car because firstly, it's a beater. Second, it probably won't pass California's car emission tests. The next criteria is that it has to be within walking distance of grocery stores, bank, and stores. The other thing that Myron has been pouding the table about is that I need a place with in-unit washer/dryer.
To aid my apartment search, I have found quite a few useful websites. Transit.511.org is a nifty site that allows you to type in a start and end address, and it will tell you how to get to a destination using mass transit, and it includes an estimated time for the trip. Next is MyNewPlace.com which lists apartments and shows their addresses on Google Maps. This was very handy to correlate location with transit lines. Then there's WalkScore.com which Myron showed me. You enter an address, and it will show you everything within walking distance like malls, grocery stores, etc.
In either case, hopefully I find a place pretty soon. I can't imagine how people found apartments back in the day without all these useful websites. Anyone got some tips when it comes to checking out apartments?
Wednesday, July 25. 2007
I saw an interesting article on the National Post entitled, " Canadian Universities Condemn Any Israeli Ban."
During the normally quiet months of summer on campus, Canadian university presidents have been near unanimous in their denounciations of a call by Britain's largest professors' union to consider a boycott of Israel's institutions of higher learning.
The British resolution, endorsed at the end of May by 150 of the University and College Union's more than 120,000 members, suggests that locals consider a freeze on ties with Israeli universities including teacher and student exchanges, attendance at conferences and publication of research papers.
Based on the premise that Israeli universities are complicit in denying Palestinians the right to an education, the union's proposal -- at this point only to discuss such a possibility -- has since drawn widespread international condemnation for violating the sacred tenets of academic freedom.
From Dalhousie to Simon Fraser and most of the ivory towers in between, Canada's university principals, rectors, chancellors and presidents have gradually been adding their voices to the swell of opposition from the likes of outgoing British prime minister Tony Blair, Israeli Prime Minister Ehud Olmert, the U.S. Congress, Harvard law professor Alan Dershowitz and a long list of scholars that includes Nobel Prize winners.
At last count, 22 Canadian universities had released statements opposing the British union resolution.
In Vancouver, University of British Columbia president Stephen Toope was among the first to react.
"The attempt of one group of scholars to stifle the views of another is an affront to modern society and must be condemned wherever it arises," said Mr. Toope, himself a world-renowned human rights expert.
"Those British professors who have brought forward this shameful scheme ought to reflect on the example and consequence of the intolerance they are communicating to their students."
Read on in the article to see what other Canadian universities are saying. I guess I find this article interesting because from my experience in university, academia tends to have a heavy anti-Israel bias. So, I'm surprised by the strong stands that Canadian university presidents are taking on this issue in defending Israel.
Tuesday, July 24. 2007
I recently read an article entitled, " Beijing Guarantees Great '08 Olympic Weather." How are they going to do that? By manipulating the weather. So typical of evil communists, always bent on trying to control the world's weather. It's amazing, they're using their military to destroy rain clouds.
Should it unexpectedly start raining at anytime during the 2008 Summer Olympics in Beijing, don't blame the weathercaster -- blame the military.
In an effort to ensure clear skies during Asia's rainy season, Chinese meteorologists are planning to fire rockets into the sky to disperse rain clouds. Once the rockets are launched into the upper atmosphere, silver iodide and dry ice contained inside will detonate, and the resulting explosion could conceivably destroy rain clouds below.
William Brune, head of Penn State University's meteorology department, said the process is technically feasible, but he remains skeptical about its effectiveness.
"What this process is trying to do is distribute the water among the cloud to make it hard for the water molecules to come together to make rain drops," he said. "It is very hard to prove you've actually done anything at all, and there isn't any indisputable evidence that this actually works."
Continue reading "China Promises No Rain For Olympics"
Saturday, July 21. 2007
I found some interesting commentary over at TheStreet.com where stock analyst Jim Cramer talks about Facebook, and how much it may be worth. The line that caught my attention was, "Google should buy Facebook for $8 billion." That is an absolutely stunning amount of money. Could it happen? Maybe.
Lets look at buyouts in the past. Back in 2006, Newscorp bought out Myspace for $580 million. Personally, I really dislike Myspace because user pages are so ugly, and they have random music that plays which really annoys me. Another mega buyout was in 2006, when Google bought YouTube for $1.65 billion. I think the YouTube buyout was a pretty good strategy because it's a very entertaining website, and it's a world changer because it's a new type of medium that traditional media has to compete against.
Facebook has had other potential buyers. Yahoo offered to buy Facebook for $1 billion, but the Facebook CEO rejected the offer saying that it was too low. Later, Yahoo raised the bid to $1.6 billion, but talks had broken down already.
Continue reading "How Much Is Facebook Worth?"
Wednesday, July 18. 2007
Back in my youth when I had a ton of time to play video games, I used to play Starcraft a lot. It was a sci-fi real-time strategy game developed by Blizzard Entertainment (makers of World of Warcraft). The game featured three distinct races to play; it had a solid single player mode, and an awesome multiplayer mode. The game was very compelling because all of the races were well-balanced, so it took a lot of strategy to win. Ever since the year 2000, gamers have been waiting for a sequel. To this day, it remains a very popular online multiplayer game, especially in South Korea. On May 19, 2007, Blizzard unveiled Starcraft 2 at a conference in South Korea. Behold the cinematic trailer and an in-game demo!
Higher quality video clips are available.
What I'm most amazed about is that the game has been in development since 2003, and they've been able to keep it a secret all this time. In either case, if you are married and your significant other loves video games, I suggest you destroy your computer now, or you won't see your spouse for weeks. Parents beware, it will enslave your already socially awkward teenage gamer.
Coming Soon 2008. Looks like I won't be needing any sunscreen since I won't be seeing the sun much when it comes out  .
Monday, July 16. 2007
According to the Times Colonist, Thrifty Foods has been bought out by Sobey's. For those who are unfamiliar with Thrifty Foods, they're probably one of the best local grocery chains in Victoria. The thing I most adore from them is the fact that they have sushi chefs on staff who freshly prepare sushi. Fresh sushi is far better than the prepackaged sushi that other grocery stores carry.
From the article:
Alex Campbell, founder of Thrifty Foods, says the $260-million sale of his company to Sobeys was "the right fit."
The sale of Thrifty, Vancouver Island's largest private-sector employer, was announced in Victoria Monday morning.
Campbell, who founded Thrifty in 1977, said his company and Sobeys, Canada's second largest supermarket chain, share common values.
"They are a family company celebrating 100 years in business, and we have similar operating styles," Campbell said in an interview Monday.
He said he expects the transition to new owners to be seamless. Sobey's has said it intends to allow the Thrifty group of 20 stores to operate as a stand-alone subsidiary.
Thrifty, Western Canada's largest independent grocery chain, has 3,700 employees in stores throughout Vancouver Island and on the Lower Mainland.
"We have come to the realization that if we want to continue as the market leader, then we must commit to a new era of growth," Campbell said in a press release about the sale. "I am very pleased to find, in Sobeys a company that is committed to the long-term growth and success of Thrifty Foods."
Nova Scotia-based Sobeys owns or franchises 1,300 stores in all 10 provinces under such names as Sobeys, IGA, Foodland and Price Chopper.
I liked Thrifty's for the focus on quality in their products. They also featured a lot of local produce and products. From what I've heard, being an employee there is pretty good as well because they pay their employees better than minimum wage.
It will be interesting to see if anything changes when Sobeys takes control. I suspect with the backing of Sobeys, Thrifty Foods can grow faster because of extra financial backing.
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