kallistii: (Default)
kallistii ([personal profile] kallistii) wrote2004-04-29 05:24 pm

Again!

Well, a sore throat yester turned int a cough today...And I feel miserable.

Luckily, I still have some meds from the last time I had a cold...so I am O.K. for now.

As I have been sleeping most of the day, I missed the announcement of Google confirmation of their pending IPO. I hope it doesn't ruin Google. Being beholden to your shareholders these days makes for bad social decisions by companies it seems. What they fail to realize is that a company is part of a community, and thus has responsablities to said community. Excessive outsourcing harms the community that grew and nurtured the company. I define excessive outsourcing as outsourcing that doesn't help the company provide quality support and capablities...conversly, good outsourcing is something like running a support center in India to help cover some "second shift", and all "third shift" support calls. It's had to get people who are willing to start work late, and work until the morning...so move the jobs of that shift to a place where it makes more sense, the opposite side of the planet.

But, hey, that's just my opinion.

ttyl

[identity profile] emacsen.livejournal.com 2004-04-30 11:02 am (UTC)(link)
Red Hat is my prime example of how IPOing destroys a buisness...

Look at what good fokks they were, but an IPO changes who your responsibility is to. Unless you're a giant like IBM, your company now has to maximize profits at every turn, which reduces long term investment.

[identity profile] kallisti.livejournal.com 2004-05-03 03:13 am (UTC)(link)
Google's IPO could be a trend setter...they are setting it up so that the founders still control the company with two types of stock. And the are using the Dutch Auction format for the IPO. They have also stated that they are *not* going to do quarterly income/profit guidances, and a whole bunch of other interesting things.

Fingers cross that this might make a difference...or even set a trend!

ttyl