Thursday, April 30, 2009

Goldman Sells $2 bln in Notes Not Govt-Guaranteed

Goldman Sachs Group Wednesday sold $2 billion of notes not backed by a government guarantee in a sign of an incipient thaw in credit markets, analysts said.

"That's a good sign for the banking sector," said William Larkin, portfolio manager with Cabot Money Management in Boston. Both Goldman and JPMorgan are starting to issue bonds that are not backed by the U.S. government after a virtual drought of such issues, he added.

Even so, with investors still wary about the fragile banking system, it is much more expensive for banks to issue debt outside the umbrella of government protection.

Goldman sold the five-year, dollar-denominated global issue at about 410 basis points over comparable government Treasury yields, according to IFR, a Thomson Reuters service. That was broadly in line with initial price talk earlier Wednesday of 412.5 basis points over Treasuries, IFR said.

Soon after the issue was priced, it was trading about 30 basis points tighter, or about 380 basis points over equivalent Treasuries, said Bob Gorham, managing director and head of investment-grade bond trading at Broadpoint Capital in New York. Gorham said demand was quite brisk for new corporate bond issues on Wednesday as the market's tone firmed.

An uptick in new debt sales after a two-week lull for earnings season is also lending support to the strong sentiment in the market, analysts said.

However, Goldman had to offer investors much higher compensation for the risk of holding its stand-alone debt by selling the Wednesday issue for much higher yields than its government-backed notes.

Goldman's FDIC-backed notes maturing in December 2012 were trading at a spread of about 47 basis points over equivalent Treasuries according to Tradeweb data, compared with about 410 basis points for the bank's Wednesday issue when it was first sold.

Since the panic in the financial markets in the fourth quarter of 2008, investors have generally shunned U.S. bank bonds that are not backed by government regulator the Federal Deposit Insurance Corp.

Goldman's five-year senior global notes were the bank's first issue since January that were not backed by the government.

On April 16, JPMorgan made a stand-alone issue, selling $3 billion in debt without U.S. government backing for the first time since August.

Goldman's issue represents the latest inroad into a sector of the corporate bond market that investors have mostly avoided for months, hinting the market for this type of debt is starting to open up again, analysts said.

However, bond investors generally view Goldman and JPMorgan as among the strongest major U.S. banks.

Both have signaled they now have the resources to repay bailout funds which the government injected into the banking system late last year to save it from implosion. (Additional reporting by Tom Ryan, Caryn Trokie and Dan Wilchins in New York and Natalie Harrison in London; Editing by James Dalgleish)

IBM Adds Social Networking To DeveloperWorks Portal

Just as IBM's popular developerWorks site for IT professionals turns 10 years old in September, the company is sprucing it up with new social networking capabilities.

The new features being unveiled on Thursday will allow developerWorks members to create personal profiles, helping them promote their technical expertise, expand their professional networking, and create online groups for shared projects and interests.

Approximately 8 million people worldwide, including enterprise software developers and other IT professionals, are registered members of developerWorks, and about 4 million of them visit the portal at least monthly, said Stephanie Martin, IBM director of developerWorks.

DeveloperWorks is a free, online portal providing IT professionals with access to skills development and technical resources related to open standard technologies, including Linux, Java, XML, and cloud computing.

The new MydeveloperWorks site has been "retooled" by IBM on Lotus Connections enterprise networking and collaboration technology, which enables members to create "vertically" focused groups related to their interests, said Martin.

For instance, if MydeveloperWorks members are interested in beefing up their skills and knowledge related to emerging technologies that are supported by the U.S. government's stimulus programs, like electronic medical records, they can tailor their homepage to receive real time feeds and other content about healthcare IT standards. The members can also create new groups related to the subject and invite others to join.

Users can search MydeveloperWorks personal profiles by keyword, tag, location, or name, allowing users to find other individuals with shared interest or specific expertise. Members can also check out the credentials of individuals commenting on forums or participating in online groups -- as well as promote their own expertise, said Martin.

In coming months, MydeveloperWorks users will also be able to connect with their social networking profiles on Twitter, Facebook, and LinkedIn.

When existing developerWorks members visit the site now, they'll be requested -- but not required -- to create a personal profile for the new MydeveloperWorks functionality, said Martin.

Apple May Be Prepping For Blu-Ray

The next version of iTunes, which has been released to developers, indicates that Apple may add support for the Blu-ray high-definition format.

ITunes version 8.2 was included with the latest update of the iPhone 3.0 beta software shipped to developers late Tuesday. Within the "About iTunes" section of the pre-release version of the software was a reference suggesting the Apple media player would support Blu-ray disc playback, according to reports.

How far Apple will take Blu-ray support is not known. As a matter of company policy, Apple does not comment on future products.

However, supporting the HD format in any of its products would be a first for Apple, which does not offer Blu-ray disc players as an option for its Mac computers. Apple chief executive Steve Jobs has implied in comments that Blu-ray licensing fees are too high.

Growing adoption of Blu-ray by consumers may force Apple to change its stance. From January through March, Americans bought 9 million Blu-ray movies, nearly double the number sold in the same period a year ago, according to Adams Media Research. Helping to drive sales are lower prices for Blu-ray disc players, which are currently available for less than $150.

Apple last month started offering high-definition movies for rent or purchase on the iTunes stores. HD titles are more expensive to buy and cost a dollar more to rent. Movies and TV shows downloaded from iTunes can be played on an Apple Mac, iPhone, and some iPod models, as well as a Windows PC. The films also can be played on a digital TV through the Apple TV set-top box.

Apple isn't alone in trying to entice people with HD content. Netflix and Blockbuster also offer HD movies online.

Wednesday, April 29, 2009

Google Flu Tracking System Suggests Flu Is Spreading

Google has released an experimental version of Google Flu Trends to track the spread of the swine flu in Mexico. Google on Monday said flu activity remained low, as seen by its flu tracking system, but the country-specific version published on Wednesday shows a spike in flu activity.

Google said that its system detected increases in flu-related queries in Mexico City and several other Mexican states during the April 19-25 time period.

At the same time, Google cautions that Experimental Flu Trends for Mexico is, as the name suggests, an experiment and that the data should be viewed as such.

"While we would prefer to validate this data and improve its accuracy, we decided to release an early version today so that it might help public health officials and concerned individuals get an up-to-date picture of the ongoing swine flu outbreak," explained Google engineers Jeremy Ginsberg and Matt Mohebbi in a blog post. "As with our existing Flu Trends system, estimates are provided across many of Mexico's states and updated every day."

Ginsberg and Mohebbi say that flu activity in the United States remains low, as might be expected given the relatively few cases reported in the country. But Google plans to continue its monitoring to look for rising infection.

Google introduced Google Flu Trends in November 2008 as a way to visualize the correlation between flu infections and flu-related search activity. Google maintains that searches provide an early warning about the spread of the flu because search data can be gathered and analyzed almost instantly, unlike traditional epidemiological reporting methods.

Ginsberg and Mohebbi explain that Google's "model tries to filter out search queries that are more likely associated with topical searches rather than searches by those who may be experiencing symptoms." Thus the spike shown in the graph on the Experimental Flu Trends for Mexico Web page should correlate with actual flu activity rather than searches prompted by worry.

As of 11 a.m. EDT, April 29, data from the Centers for Disease Control and Prevention indicates that 91 confirmed swine flu cases have been detected in the U.S. and that 1 person -- a child in Texas -- has died as a result of the outbreak.

Google planned to hold a media call at 11 a.m. PDT on Wednesday to field questions about its flu tracking project.

Saturday, April 25, 2009

5 Things To Do With Dead PC Hardware


Sooner or later, the PC I'm typing this on is bound to drop dead. One day I'll walk in here, push the power button, and hear a scrape and a clunk that tells me my hard drive is out of commission. Or, worse, I'll get nothing at all. Failing that, it's going to end up dying a different kind of death, although one that's every bit as ignominious -- it'll be yanked out and replaced with something a little more cutting-edge, because time and technology have moved on.

Whatever my PC's exact fate, there's one thing I know won't happen: This machine will not sit at the curbside and wait to be heaved into a garbage truck. In this piece I'll talk about four possible fates for dead hardware. "Dumped into a landfill" is not one of them. That's a fate worth working to avoid, especially since so many of the electronic goods that come into our hands can still be reclaimed, no matter what they're like when we're done with them.

What's A "Dead" PC?

Let's start with a definition or three. The most common definition of "dead" is "I can't use this thing anymore." Sometimes dead means too slow or clunky for your chosen use; time and utility have passed it by.

That Pentium III 650 that used to run Windows 2000 but barely boots anymore, the range of software (and hardware) it can support has narrowed drastically? It might be useful to someone who has fewer expectations from their PC, but to you, it's dead.

Sometimes dead means you've simply outgrown what you have. The system runs fine, but you've moved on to bigger and better things. For example: my 1GB single-core Centrino notebook, which I replaced with a 4GB dual-core 64-bit model -- one which, irony of ironies, cost less than half what I paid for the previous one; such is the march of technology. (Keep reading to find out the fate of the old machine.)

And sometimes dead is just dead. Billy Crystal's character Miracle Max in The Princess Bride put it best: "There's a big difference between mostly dead and all dead. Mostly dead is slightly alive." In other words, even a machine that doesn't boot or power on may still be good for something -- even if it's something you can't think of.


1. Revival

Let's start with hardware that hasn't died, but has outlived its current use. Rather than deep-sixing it completely, perhaps it's worth putting that device to use in another context. The most common version of this is to give the hardware in question to another family member or a friend. Usually you'll do this after cleaning it up and making sure it's a) marginally functional and b) not likely to break in a way that will stump its new owner.

Cleaning up and resetting an existing system for re-use has gotten a lot easier in recent years, thanks to most systems shipping with either a restore / recovery partition, a set of recovery disks, or both. Sometimes the former are used to build the latter, when you first uncrate the machine.

That said, unless you're about as organized as my mom or as big a packrat as my dad, the odds of those tools surviving any number of office straighten-ups, household spring cleanings, and I-think-I-threw-out-the-wrong-thing shocks goes way down with time.

If you don't have the disks or the recovery partition anymore, call the PC manufacturer (they're still around, one hopes) and ask them for a recovery CD/DVD. They should be able to sell you one if you have the original OS license key sticker. Note that if you bought your system as a "whitebox" from a local, independent reseller, they probably gave you the CD. Lose that and you're generally out of luck.

Even if you haven't lost the original OS, you might do well to install a new one --Linux or Windows, depending on what's within your budget and what seems to work best. Bear in mind that Linux is no longer a one-size-fits-all proposition and hasn't been for some time; you want a variety of Linux distros that will complement your hardware well.

Linux Installation Guidelines

  • 1-2 Years Old / Multi-Core: Any of the recent, big-name Linux distributions will do fine -- e.g., Ubuntu, Fedora, OpenSUSE, CentOS, etc.

  • 2-3 Years Old / Single-Core: Generally the same as the above, but if performance turns out to be an issue, you can go with a scaled-down build designed for economy of space and speed. Xubuntu is the most common example.

  • Anything Older: Go with a distribution built to be minimal. Puppy Linux is a good one, but the still-in-progress Moblin is worth a look even at this stage of its development.

2. Repurposing

Another option with an older machine is to set it up as a file / print / media server -- a way to offload duties that you don't want to foist upon your existing PC. Since a file server generally doesn't need to be the fastest machine in the world as far as user interaction goes -- it just needs to have a decent network pipe -- you can get away with surprisingly minimal hardware to make this work. For my own file/print setup I used a four-year-old notebook with a USB-attached hard drive in an external cage (a 320GB drive from another machine, which I'd replaced with a 1TB drive). Streamed HD video is probably out of the question, but MP3s and print jobs all work fine.

3. Cannibalization
This means, of course, salvaging what pieces you can and using them elsewhere. Your average "dead" PC has at least two or three parts which by themselves are probably fine. They can generally be cycled over into another PC without trouble, especially if you're buying a new machine and want to save a few dollars here and there. Still, as with anything else, caveats apply.

Peripherals Keyboards, mice, headsets, USB hubs, removable-storage bays (such as those used for memory cards), and so on are the most common things that can be cycled over are.

If they're still in good shape, there's no reason to dump them as long as they still do what you need and will work with future hardware. One exception is PS/2-connected mice or keyboards, which can be connected to USB-only machines but only through specially-designed connectors. If you're hanging onto an older PS/2 keyboard for dear life (some people get very attached to their hardware -- me included!), the cost of an input dongle is negligible.

Hard Drives Any type of storage device is well worth keeping and re-using. Obviously anything with sensitive data on it needs to be wiped down first; see Darik's Boot and Nuke, for more on how to do this easily.

TIP: Always use new cabling, both data and power, when moving an old device. The cables you used with the hardware in its original setup may have developed crimps or bends that turn into full-blown shorts when moved into another machine. I've had this happen to me more than a few times; a hard drive that was working fine in one machine was "dead" in another—actually, just mostly dead, since all it took was a new SATA cable to bring it back to life.

Memory Modules These can usually move between machines that support them with little difficulty. There are two caveats here, though:

  1. You might not always be getting the best possible performance on the target system.
  2. Two, you may run into finicky behaviors you didn't see before. Systems that use server memory -- i.e., registered or ECC memory -- are a lot fussier with memory than regular machines.

The last computer I had in this regard refused to work reliably with two separate sets of DIMMs and finally only worked with a Compaq-branded set.

Video Cards These are worth pulling and saving, since what's old or outdated for one user is more than cutting-edge for another -- provided, of course, it's the right bus type. Also bear in mind that video cards can be a source of unexpected power consumption, something I discovered and wrote about here

Notebooks are tougher to cannibalize, since they tend to be all of a piece. About the only things that can be reliably reused are power supplies (best used in either the same variety of notebook or one with the same wattage requirements) and hard drives.

As an aside, a good many types of hardware can go bad for no visible reason, even after years of perfectly reliable service. A lot of this depends on how it was used. If the user smoked, had a dusty office or ran everything off unfiltered wall current, any one of those alone is going to shorten the lifespan of the device in question.

Sometimes it's not possible to know whether or not these things have happened, although there are giveaways: musty odors, encrustations of dust or dirt on the fan or air intakes, etc. Rule of thumb: if it looks (or smells) like it's been through a war, it probably has been.

4. Donation

If space is more important to you than anything else, take the hardware you have and donate it. The good news is that there are dozens of non-profit organizations, both local and national, that will take used computer equipment of almost every conceivable variety and make good with it.

The best place to start -- if you have working hardware in good condition -- is the Cristina Foundation, dedicated to putting computers into the hands of "people with disabilities, students at risk and economically disadvantaged persons". They may take in hardware that can be repaired and put to use, but you're best off making sure whatever they get is in decent working order (if not always cutting-edge).

Other groups have similar demands but different aims:

For a massive rundown of just about every charitable group out there looking for PC hardware, check out the TechSoup site, which you can search based on needs and location.

No discussion of donations and reuse would be complete without some mention of both Freecycle and Craigslist. Craigslist we all know about, but Freecycle is less well-known; it's an aggregate of local groups, each dedicated to providing a place for people to provide things for re-use; computer hardware is just one thing they cover.

Subscribe to a local Freecycle mailing list and pay close attention to the rules about posting and soliciting, as the etiquette on these lists is crucial to getting good results. The disadvantage of both Freecycle and Craigslist is that you typically know very little about the pedigree of the people at the other end of the transaction.

5. Recycling

An old superstition goes, "Never throw away a key!" Never throw out a computer, either. There are better things to do with all that metal, copper, plastic and lead than put it into a landfill. If there doesn't seem to be any other fate left than the trash for a piece of hardware, by all means dispose of it -- but do it the right way.

Many major electronics retailers now offer programs above and beyond the usual recycling of cellphones, used CFLs, or dead batteries. Best Buy (http://www.bbycommunications.com/crnew/recycling.asp) does this routinely for appliances and TVs, and furniture-retailer IKEA regularly hosts e-cycling events albeit only in California at the moment. Many Staples outlets now also accept computer parts for recycling, albeit for a fee of $10 per system (peripherals can be thrown in for free).

On a more upscale, professional level, IBM has its own IT buyback program, and east-coast based data-erasure experts Guardian Data Destruction also offers e-cycling as an adjunct to its more conventional drive-wiping and document-shredding services. Network Liquidators is an outfit that deal specifically with used telecom and networking hardware, a lot of which can be resold fairly easily since it tends to be in strong demand, even if it's not up-to-the-second new.

A fairly comprehensive and regularly-updated list of recycling programs by U.S. region is maintained by the Telecommunications Industry Association at EIAE.org. The EPA's resource page is here. And Earth 911 also maintains similar lists, and supplies detailed information about who takes what.

Whichever one you pick, be sure the recycler can show documented proof of compliance with the EPA's R2 practices ,which minimizes the chance they're dumping waste on the sly or shipping it overseas.


InformationWeek has published an in-depth report on Windows 7. Download the report here (registration required).