Designated status uplifted – Harvest Court

Filed Under (Other News) by Webmaster on 08-01-2012

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The securities of Harvest and Harvest-WA will be traded on a Ready Basis from January 9, 2012, says Bursa Malaysia

 

 

Kuala Lumpur: Bursa Malaysia has lifted the designated securities status of Harvest Court Industries Bhd, about seven weeks after trading restrictions were imposed on the timber company.

 

Trading of the company’s shares will be back to the normal T+3 settlement, where investors must complete their security transactions within three business days.

 

When the trading restrictions were imposed, investors were required to pay cash upfront to trade in the securities and hold the securities for a minimum of three trading days before they

could sell them.

 

“Bursa Malaysia will lift the designated securities status of Harvest and Harvest Court Industries Warrants (Harvest-WA) with effect from 9am, January 9, 2012. The securities of Harvest and Harvest-WA will be traded on a Ready Basis, for which the delivery and settlement of contracts will be effected on T+3, as

 

 

provided under the rules of Bursa Malaysia,” said the stock market regulator in a statement yesterday.

 

The timber company’s shares went through a roller coaster ride last year – as it was trading at as low as 7.5 sen on September 27, 2011, before skyrocketing to RM2.13 on November 14, 2011.

 

The movement of the share price was partly driven by news of the emergence Datuk Raymond Chan Boon Siew as the company’s new

substantial shareholder. Chan is the managing director of Sagajuta Group.

 

Chan’s Sagajuta received considerable press mileage after the company was linked to a possible takeover of Jerneh Asia Bhd, a company controlled by the country’s richest man, Robert

Kuok Hock Nien.

 

Within months after the deal fell through, Chan emerged in Harvest Court, fuelling speculation that Sagajuta’s assets might be injected into Harvest Court.

 

The appointment of Mohd Nazifuddin Mohd Najib to the company’s board of director, as well as his resignation less than two months after the appointment, were believed to be another driver of Harvest’s securities price movement.

 

Since it was declared as a designated securities, its shares were traded at an average of RM1.11, with a high of RM1.49 and a low of 79 sen. Trading volume has also toned down to the one-million level.

 

During the one-month period before it was imposed with the trading restrictions, an average of 35.4 million shares changed hands each day.

 

So far this year, average daily trading volume is less than 158,000 shares.

 

Nevertheless, Bursa Malaysia said it would continue to monitor Harvest securities.

 

“In the discharge of its front line regulatory role, the exchange will continue to monitor the trading activities of Harvest and Harvest-WA, and where trading concerns are noted, the exchange may take appropriate regulatory actions,” Bursa Malaysia said.

 

 

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STEVE JOBS dies

Filed Under (Other News) by Webmaster on 06-10-2011

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Breaking news, CNN reported the following:

Steve Jobs, the visionary in the black turtleneck who co-founded Apple in a Silicon Valley garage, built it into the world’s leading tech company and led a mobile-computing revolution with wildly popular devices such as the iPhone, died Wednesday. He was 56.

The hard-driving executive pioneered the concept of the personal computer and of navigating them by clicking onscreen images with a mouse. In more recent years, he introduced the iPod portable music player, the iPhone and the iPad tablet — all of which changed how we consume content in the digital age.

More than one pundit, praising Jobs’ ability to transform entire industries with his inventions, called him a modern-day Leonardo Da Vinci.

“Steve Jobs is one of the great innovators in the history of modern capitalism,” New York Times columnist Joe Nocera said in August. “His intuition has been phenomenal over the years.”

Jobs’ death, while dreaded by Apple’s legions of fans, was not unexpected. He had battled cancer for years, took a medical leave from Apple in January and stepped down as chief executive in August because he could “no longer meet (his) duties and expectations.”

Born February 24, 1955, and then adopted, Jobs grew up in Cupertino, California — which would become home to Apple’s headquarters — and showed an early interest in electronics. As a teenager, he phoned William Hewlett, president of Hewlett-Packard, to request parts for a school project. He got them, along with an offer of a summer job at HP.

Jobs dropped out of Oregon’s Reed College after one semester, although he returned to audit a class in calligraphy, which he says influenced Apple’s graceful, minimalist aesthetic. He quit one of his first jobs, designing video games for Atari, to backpack across India and take psychedelic drugs. Those experiences, Jobs said later, shaped his creative vision.

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future,” he told Stanford University graduates during a commencement speech in 2005. “You have to trust in something: your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”

While at HP, Jobs befriended Steve Wozniak, who impressed him with his skill at assembling electronic components. The two later joined a Silicon Valley computer hobbyists club, and when he was 21, Jobs teamed with Wozniak and two other men to launch Apple Computer Inc.

It’s long been Silicon Valley legend: Jobs and Wozniak built their first commercial product, the Apple 1, in Jobs’ parents’ garage in 1976. Jobs sold his Volkswagen van to help finance the venture. The primitive computer, priced at $666.66, had no keyboard or display, and customers had to assemble it themselves.

The following year, Apple unveiled the Apple II computer at the inaugural West Coast Computer Faire. The machine was a hit, and the personal computing revolution was under way.

Jobs was among the first computer engineers to recognize the appeal of the mouse and the graphical interface, which let users operate computers by clicking on images instead of writing text.

Apple’s pioneering Macintosh computer launched in early 1984 with a now-iconic, Orwellian-themed Super Bowl ad. The boxy beige Macintosh sold well, but the demanding Jobs clashed frequently with colleagues, and in 1986, he was ousted from Apple after a power struggle.

Then came a 10-year hiatus during which he founded NeXT Computer, whose pricey, cube-shaped computer workstations never caught on with consumers.

Jobs had more success when he bought Pixar Animation Studios from George Lucas before the company made it big with “Toy Story.” Jobs brought the same marketing skill to Pixar that he became known for at Apple. His brief but emotional pitch for “Finding Nemo,” for example, was a masterful bit of succinct storytelling.

In 1996, Apple bought NeXT, returning Jobs to the then-struggling company he had co-founded. Within a year, he was running Apple again — older and perhaps wiser but no less of a perfectionist. And in 2001, he took the stage to introduce the original iPod, the little white device that transformed portable music and kick-started Apple’s furious comeback.

Thus began one of the most remarkable second acts in the history of business. Over the next decade, Jobs wowed launch-event audiences, and consumers, with one game-changing hit after another: iTunes (2003), the iPhone (2007), the App Store (2008), and the iPad (2010).

Observers marveled at Jobs’ skills as a pitchman, his ability to inspire godlike devotion among Apple “fanboys” (and scorn from PC fans) and his “one more thing” surprise announcements. Time after time, he sold people on a product they didn’t know they needed until he invented it. And all this on an official annual salary of $1.

He also built a reputation as a hard-driving, mercurial and sometimes difficult boss who oversaw almost every detail of Apple’s products and rejected prototypes that didn’t meet his exacting standards.

By the late 2000s, his once-renegade tech company, the David to Microsoft’s Goliath, was entrenched at the uppermost tier of American business. Apple now operates more than 300 retail stores in 11 countries. The company has sold more than 275 million iPods, 100 million iPhones and 25 million iPads worldwide.

Jobs’ climb to the top was complete in summer 2011, when Apple listed more cash reserves than the U.S. Treasury and even briefly surpassed Exxon Mobil as the world’s most valuable company.

But Jobs’s health problems sometimes cast a shadow over his company’s success. In 2004, he announced to his employees that he was being treated for pancreatic cancer. He lost weight and appeared unusually gaunt at keynote speeches to Apple developers, spurring concerns about his health and fluctuations in the company’s stock price. One wire service accidentally published Jobs’ obituary.

Jobs had a secret liver transplant in 2009 in Tennessee during a six-month medical leave of absence from Apple. He took another medical leave in January this year. Perhaps mindful of his legacy, he cooperated on his first authorized biography, scheduled to be published by Simon & Schuster in November.

Jobs is survived by his wife of 20 years, Laurene, and four children, including one from a prior relationship.

He always spoke with immense pride about what he and his engineers accomplished at Apple.

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do,” he told the Stanford grads in 2005.

“If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on.”

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Celcom value package with Blackberry Torch 9800

Filed Under (Other News) by Webmaster on 12-11-2010

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What? Why is this site writing about handphone?

I just can’t resist taking part in a contest for a chance to win a Blackberry Torch 9800!

I wanted to write this post before the crazy give away by Celcom on 29th October 2010. On that day, Celcom gave away 10 Blackberry Torch 98000 at RM8.00 (YES!) to the first 10 customers who sign up with Celcom Exec or Celcom Biz plans, the next 100 customers get to buy it at RM 488 and the following 100 customers get it at RM 888!

But alas, I was way too busy with my work and forgot all about it. Anyhow the dateline for Celcom Blackberry Torch 9800 contest will only end on 19 November 2010. So I decided to write about it here.

If you missed the event its still ok as Celcom offers great packages for you to own the latest Blackberry Torch 9800. Below are the packages:

I managed to borrow a unit of the new Blackberry Torch 9800 from a friend and I will be comparing its features with my old iPhone 3Gs.

Blackberry Torch 9800 may look smaller than the iPhone 3Gs, but after you slide it out, it is longer.

iPhone is also lighther and with higher internal memory. However the Blackberry has higher camera resolution and allow to increase the memory with external memory card.

Typing with the iPhone virtual keypad is rather tricky. Eventhough I have used the iPhone for sometime, I constantly have typo error due the big finger vs the virtual keypad sensitivity. I prefer the real QWERTY keypad of the Blackberry Torch 9800. I found that I can type faster and with no typo error.

The iPhone touch screen apps are fantastic for fast and easy access. That is why the Blackberry Torch 9800 is best of both world, it has a touch screen for fast access to apps and it has a real QWERTY keypad for typing! Great! Fantastic combination!

The Blackberry Torch 9800 will definately be on the top of my list if I decide to change my handphone next year.

I love handphones and I have changed my handphone many times over the years. I have tried many models (NEC, Phillips, Panasonic, Nokia, Motorolla, Sony Ericsson and currently iPhone)  but I haven’t tried a Blackberry. I would love a Blackberry Torch 9800 and when its coupled with the great package from Celcom, it will be prefect. I am already an existing Celcom subscriber. I switch from another telco due to better coverage from Celcom and better package rate for family members. I can definately vouch for Celcom on the service, coverage and rates packages.

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