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Posts Tagged ‘postaday2011’


As some of you might have already read, Citigroup hit a major issue in India recently. Indian Banking market is dominated by HDFC, ICICI and SBI. All other players came in later and still in their process of wooing consumers but to a great extent, it is yet to break the jinx in the minds of middle class Indians. Citi has tried hard to break into the minds of young people and it has been successful to a some extent. So, the news of more than $67mn fraud is going to disturb its run, hitting hard on the brand name and the image of the Citigroup badly in India.

Relationships Manager of Gurgaon Citi branch, Shivraj Puri, has been named as the prime suspect and the fraud amount is said to be anywhere between $67 mn – $89 mn. One of the investors, Sanjeev Agarwal,  who invested in the in the alleged fraud fund, went on to file a police complaint. All the top executives of Citigroup were named in the police complaint including CEO Vikram Pandit, Senior Vice Chairman William Rhodes, COO Douglas Peterson, CFO John Gerspach and many more.

SEBI, the regulatory board has already issues showcase notices to the Citigroup in India and has started looking into the fiasco. But what does it mean for Citigroup globally and specifically, in India? Citigroup’s credibility was in question during the Financial meltdown and has been heavily criticized for its irresponsible behavior. It received one of the largest chunks in the Bailout and if I am not wrong, US government owns a significant stake in the company till now. It is unfortunate for Citigroup to get involved in scams and definitely the timing of this fraud is an unfortunate one.

WSJ, Reuters and everyone covered the news of this fraud. So, I feel that Citigroup would have to now answer some serious “responsibility” related questions. It has to look within – its management, its transparency and other factors. I am often told that as the company grows, it is very difficult to break the norms and try to do things differently, even though they might be beneficial. Sometimes the reason is the way company operates and sometimes the reason are the power-hungry insecure managers. I am not sure what is wrong with Citigroup but I feel there might be something within. Processes need to be more  transparent to the investors and consumers. I feel that Banks must not forget that they exist for one reason: they assure their customers safe returns on their money and this is primary reason for which banks started existing.

On a final note, I would love to see a more responsible Citigroup than the one in its current state. Would Citi be able to come out of these kind of major crisis situations? Would Citi be able to establish the same faith in our minds back? Would Citi be able to reinstate its position as Numero Uno? Only time would tell.

Sources: http://online.wsj.com/article/SB10001424052748704415104576066861503613204.html

http://www.indiainfoline.com/Markets/News/Citigroup-India-hit-by-Rs-4bn-fraud-reports/5033266623

http://in.reuters.com/article/idINIndia-53924220110104

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We are just few days into the new year and we are already seeing some exciting news coming. I read an article today that pointed that LinkedIn might have plans to go public this year. Honestly, I was not surprised. LinkedIn has been one of my favorite and I have gained immensely by staying in the vicinity of some amazing people. LinkedIn gave a new definition of professionalism. Recruitment took a new shape with LinkedIn and I must say that I would not be surprised to find certain job openings coming first on LinkedIn than other recruiting websites like Naukri or Monster. So, what made LinkedIn click? Let us try to understand few things that LinkedIn did great:

  • Stay connected with people we meet and interact.
  • Online references and of course, authenticity can be more trusted here.
  • Great Connectivity because one could find Barack Obama to Hillary Clinton to Bill Gates. It was phenomenal because I believe LinkedIn paved the way on which twitter attracted celebrities and legends.
  • Knowledge sharing platform across groups.

I am not a premium member at LinkedIn and hence, not the right person to comment on its premium services. But I cannot ignore the fact that it might be really good because LinkedIn generates a considerable amount of revenues from its premium users. Other than premium services, advertising is another source on which LinkedIn relies to generates its revenues.

LinkedIn claims to have more than 85 million members, which is a good number, I must say. So, what could be its value? LinkedIn never commented on its valuation and none close to it too. SharePost gives LinkedIn an implied value of $2.2 Bn. Now, I am not an expert but looking at the popularity of LinkedIn and the kind of platform it has provided to its members, I will not be surprised to see LinkedIn valued anywhere near to $4 – 5 Bn. I hope that I would have the technical know-how to evaluate a company’s profile but unfortunately, I dont’ have it now. Please don’t ignore the investment of Sequoia Capital in LinkedIn. Yes, it is the same company that invested in Google, Yahoo, Cisco, Apple and Oracle to name a few. And we all know what these companies went up to become.

Now, lets come to an interesting aspect. Why all of a sudden buzz of LinkedIn going for its IPO? And trust me when I say that LinkedIn might also be joined by twitter and Zyngya, in particular to go public. The reason is simple: FACEBOOK. The shark is in the sea and even though there are a lot of speculations of when facebook might go public, but all of us know if LinkedIn, Twitter and Zyngya don’t go public before Facebook, it might face the heat later. I completely agree with some of the experts that if Facebook goes public first, others might feel the pinch because it would be difficult to come out of the euphoria of the IPO of facebook. I can safely say that day and year Facebook decides to go public, it would be the FACEBOOK year. So, here was th news that kept everyone thinking:

“Facebook rocked the world when Goldman Sachs bought 1% stake in the company for whooping $500 mn. This makes Facebook valued at $50 Bn and yet to go public.”

Now, Facebook has mentioned of no intention of going public before late 2012 but here is the reason it might not take long. In USA, the definition of a private firm stands good if there are no more than 499 stakeholders and with Glodman Sachs’ investment, SEC has already initiated a thorough look-out into Facebook. Secondly, remember Google also never wanted to go public till Goldman Sachs invested in it and we know the history: with 10 months, Google went public. So, will Facebook follow the same route? Only time will answer the question.

To sum up, I am excited and I am more excited for these small firms, especially Facebook. A software application launched from a dormitory of a school in 2004 has today been estimated to be valued at $50 Bn. As we say the fall of 105-year Great Lehman Brothers, we also say the great Rising of Facebook. We will try to keep a close watch on the exciting developments of the social networking era 🙂

PS: Did you know Goldman Sachs does not allow to use Facebook in office? Now, will they remove the restriction after its investment in Facebook ;-)?

Sources: http://www.bloomberg.com/news/2011-01-06/facebook-at-50-billion-valuation-is-looking-more-like-tencent-than-google.html

http://www.reuters.com/article/idUSTRE7050DC20110106

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How many times have you ever participated in 100m or 50m races during your school days? How many times in your life you have dreamed of getting something – may be an admit into a top-notch program, cracking IIT-JEE, CAT, getting a promotion at office or getting the dream girl of your life? I am sure you would have definitely gone through all or some or at-least one of the above circumstances.

Sometimes, we go into our own cocoon and sit inside like a safe baby just like one of my friends, Roshan, always mentions himself. Some others, in fact a lot including me to some extent, say that why to risk so much. But isn’t life is about taking risks. Let me bring a small analogy.

Compare our upbringing to the upbringing of an animal child, such as a bird. We are always around our parents. As we grow, we always tend to come back. When we fall, they comfort us. When we make mistakes, they us. On the other hand, the first thing a bird learns is how to fly. Once she knows how to fly, she is of her own – to explore the world, to fly high into the sky, touch the sun.

Now, one might we also do that but wait, we used to do so as kids, as small children. We used to try to imagine a lion of may be blue color. I remember that as a small kid, I once asked my mother why the sky is blue or the grass is green. She could not answer. The question haunted me so much that I explored a lot of books in my school library till I found my answer. But to find one answer, I had to go through atleast of 30 books in the General Knowledge section. sometimes when I lie down and think about it, I think am I the same Deepak that I used to be.

The bottom line is we try to hide behind lame excuses and go back to sit behind in the pouch of our own Kangaroo. I vow to break my habit this year and I urge all of you to do the same. Fight for your DREAMS and don’t give them up so easily. If you ever wanted to play cricket, go get up, pad up and hot the ground. If you ever dreamed to be a writer, its time to get your pen and finish your book. If you ever wanted to be an actor, go get up and who knows you might be the next Shahrukh Khan. I am going to fight for my dreams and try all means to make it happen. Come and join me and chase your dream with utmost sincerity.

To be honest, I always wanted to be an Entrepreneur. This year I have taken a major step towards it and making a small move this month. With GOD’s grace and if certain other things work out since I am expecting few things to come through soon, I am going to chase my dream with sincerity. No more safe zones, no more lame excuses, MBA or not MBA does not matter – I just want o to live my dreams.

Let me caution you about the people around you. They will try all means to dampen your spirit. But don’t let them win. Its time for us and our dreams to win. As the source article from which this post is inspired, such people are monkeys who have give up their hope of living their dreams. So, don’t get bugged down ans tighten your seat belts. What are waiting?/ Are you ready to GET, SET and GO….. Trigger has been fired

Inspired from article from my favorite, John Maxwell – http://johnmaxwellonleadership.com/2011/01/03/fight-for-your-dreams-in-2011/

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Today marks the day when Motorola officially splits into two independent companies: Motorola Mobility and Motorola Solutions. Personally, I worked with Motorola in its research team during my internship way back in 2007. As a company, I have always admired it but deep inside me felt during my short tenure of 6 months that there was something wrong. After Moto Razr, none of the mobile phones did well and it lost the battle to smartphone such as iPhone.

I have always admired Motorola for its innovation. They were the pioneers of mobile technology. I remember the classic case study during my graduate studies: the classic case of failure of brick-size Motorola phones. I feel Motorola failed to learn from its mistakes. Constant innovation is the only change that every technology company has to embrace in order to stay in the market. Todays market is only for the fittest but the fit does not sustain for long. So keep innovating.

Coming back to the split, here are the key take-aways:

  • Motorola shareholders of record on Dec. 21 will receive one share of Mobility for every eight shares of Motorola Inc. they already held. Motorola Inc. shares will then go through a 1-for-7 reverse split and become Motorola Solutions shares.
  • Motorola is also selling off a division that makes network equipment for cell phone companies to Nokia Siemens Networks.
  • After the split, Motorola Mobility had $2.9 billion in sales in the most recent quarter, compared with $1.9 billion for the Motorola Solutions segments. However, the $321 million in operating earnings at Solutions was stronger than the $3 million that Mobility made.
  • Solutions will continue to be based in Schaumburg, I’ll., while Mobility will take up a temporary home in nearby Libertyville, Ill. Motorola officials have said that it may later move its headquarters team to San Diego, the San Francisco area or Austin, Texas.

I wish both the babies a very happy birthday and we will try to revisit them again on their birthdays to see their growth.

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/01/03/financial/f122752S81.DTL

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This year, I would like to devote one article every alternate day to discuss about an interesting article. I hope to stick to the idea and am going to give my best for the same. We begin the tradition with today’s Wall Street article on Verizon.

Verizon announced to launch a set of Android powered 4G mobile phones later this year. With AT&T, claimed to be the largest and fastest network available in US, expected to launch the 4G in the mid of the year. I feel this year is going to be the year of Android. Tablets and mobile phones are going to rule the market and most of them can adopt the Android software as their operating systems. I wouldn’t be amazed if the year 2011 is named after the “Android Year”. So, do watch out for more trendy smartphones, tablets. With more smartphones and tablets, the war of network is going to get bitter. In US, we expect the war to be between AT&T and Verizon, but with the emergence of new players such as Spring and T-mobile. I feel we need to take a very close look at the upcoming Las Vegas Electronics show.

As the world gears up for the 4G network, the definition of 4G network remains kind of fuzzy. Initially, when we were expecting that the 4G technology is with us, the technology was renamed to Long Term Evolution (Basic LTE and LTE Advanced). Market and technology has struggled to define the 4G technology perfectly.

But lets not get into that debate. I will tell you couple of things that excites me in the 4G:

  • Smartphones are really going to get SMART. How SMART – We have to wait and watch. But definitely a lot of research and new gadgets are going to be with us.
  • With tablets and smartphone wars getting fierce, will other companies like Apple join the approach of Google to compete with Android. Would be interesting to watch but I would like to bet on Android now.
  • Speeds are going to KILLER. 100Mbits/s for trains and cars and 1Gbits/s for stationary.
  • Gaming and Entertainment will reach a new level of experience. Users are going to help irrespective of what they pay for.
  • Secure all-IP based mobile broadband solution for mobile phones, laptops and tablets.
  • Streamlined Multimedia is going to be the buzzword. May be a beginning of a great era of YouTube like companies.

No matter if it is 3G or 4G, I believe that the year 2011 is going to be the year of smartphones and tablets.

Source: http://online.wsj.com/article/SB10001424052748703820904576057983626926892.html

http://en.wikipedia.org/wiki/4G

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2010 in review


The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health:

Healthy blog!

The Blog-Health-o-Meter™ reads This blog is doing awesome!.

Crunchy numbers

Featured image

A Boeing 747-400 passenger jet can hold 416 passengers. This blog was viewed about 4,500 times in 2010. That’s about 11 full 747s.

In 2010, there were 22 new posts, growing the total archive of this blog to 137 posts. There were 4 pictures uploaded, taking up a total of 1mb.

The busiest day of the year was October 10th with 97 views. The most popular post that day was Toastmasters Speech 7 – Research your Topic.

Where did they come from?

The top referring sites in 2010 were marquisparker.com, deepu83.blogspot.com, google.com, google.co.in, and indiblogger.in.

Some visitors came searching, mostly for toastmaster speech 4, toastmasters speech 4, airbus 380, toastmasters speech 3, and toastmaster speech 3.

Attractions in 2010

These are the posts and pages that got the most views in 2010.

1

Toastmasters Speech 7 – Research your Topic August 2010

2

Toastmaster Speech 4 – How to say it June 2010

3

Toastmaster Speech 3 – Get to the Point May 2010

4

The Airbus 380 May 2008
1 comment

5

Toastmaster Speech 2 – Organize your Speech April 2010

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