STEVE JOBS dies

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

Tagged Under : ,

 

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.”

Related Posts:

  • No Related Posts

Merged RHB Cap and OSK will create the largest Investment Bank in Malaysia

Filed Under (Business News) by Webmaster on 04-10-2011

Tagged Under : ,

     

 

OSK Investment Bank Bhd will bring its expertise in the regional investment banking business and small and mid-cap companies in a merger with RHB Banking Group.

 

Contrary to some views the proposed merger was an overlapping one, the merged entity would be synergistic, OSK Investment Bank Bhd CEO and executive director U Chen Hock said.

 

He added that OSK Investment Bank has about 3,500 employees in its investment banking business across Malaysia, Indonesia, Thailand, Singapore, Cambodia and Hong Kong with representative offices in China.

 

RHB has more than 700 employees in its investment banking business. Analysts said the merged entity would be one of the top three investment banking groups in Malaysia.

 

U said investment banking is a talent-driven business and with a strong pool of talent, it will definitely be good for the merged entity.

 

“The merger will also add value to the enlarged entity as OSK Investment Bank will be able to provide small and medium cap investment banking advisory services to RHB’s current big cap business.

 

“It will also allow RHB with the proposed merger to tap the Singapore investment banking scene which is tightly regulated and not an easy one to penetrate,” U told StarBiz.

 

OSK Investment Bank is the fourth largest retail broker in the country (with a 6.7% market share) and RHB Cap is the third largest, making the merged entity the top stockbroker in Malaysia.

 

In Singapore, via OSK DMG, the group has the largest security broking business.

 

After combining OSK’s market share with RHB Cap’s 7%, the merged entity would overtake CIMB Securities which is currently leading with a market share of 10.5%.

 

In terms of research, OSK Investment Bank has more than 50 staff covering about 400 stocks in the region and this would definitely be synergistic to RHB.

 

At present, investment banking contributes about 50% to OSK Holdings group’s earnings compared with slightly less than 30% from stockbroking.

 

Some analysts believe the proposed merger with RHB would help OSK tap into the former’s commercial banking business in the country and in the region and would generate bigger commercial banking deals for the enlarged group.

 

U reiterated that at this stage, both organisations were still awaiting Bank Negara’s approval to commence negotiations on the proposed merger.

 

Last Thursday, RHB Capital Bhd and OSK Holdings Bhd submitted their applications to the central bank to begin talks on a possible merger.

 

OSK was speculated to be one of the possible candidates for a merger with RHB Cap earlier this year but this was overshadowed by Malayan Banking Bhd and CIMB Group Holdings Bhd.

 

Maybank and CIMB backed off due to pricing issues, and speculation that a merger might be in the works had not subsided, especially after it was reported that Aabar was considering a writedown of the US$1.9bil (RM5.7bil) it paid for RHB Cap, in the hopes of spurring another round of merger talks.

 

ADCB signed the sale and purchase agreement to sell the block of shares to Aabar on June 18.

Related Posts:

New PN17 – MAA Holdings

Filed Under (Bursa News) by Webmaster on 03-10-2011

Tagged Under : ,

 

Bursa Malaysia Bhd has announced today that MAA Holdings Bhd has triggered the criteria pursuant to Practice Note No 17 (PN17) of the Main Market Listing Requirements of Bursa Securities.

 

MAA is an investment holding company that engages in general and life insurance businesses in Malaysia, Indonesia, the Philippines, and Australia.

 

MAA had announced on Sept 30, that it is considered a PN17 company pursuant to paragraph 2.1 (g) of PN17, Bursa Malaysia said in a statement today.

 

Bursa Securities will continue to monitor the progress of MAA in respect of its compliance with the listing requirements, it added.

 

As of today, there are 24 companies under the PN17, which represent 2.63 per cent of the total 952 listed on Bursa Securities.

 

 

Related Posts:

Page 4 of 41234
Android Apps | Indonesian Culture | Android Stuff | Flora Fauna | Happynes | Itechno News | beauty places | Healthy Tips | Seo Tutorial | Love Indonesia | People Biography | Around The World | Bhaaa | 3D Games |
Android Apps | Indonesian Culture | Android Stuff | Flora Fauna | Itechno News | Around The Worlds | beauty places in worlds | Happines joy | Seo Tutorial | Love Indonesia | People Biography | Healthy Tips