Wednesday, October 21, 2009

Stephen Trantel Wall Street Insider Serial Bank Robber July 12, 2009

A Wall Street trader, Stepen Trantel, lived a secret life as a serial bank robber.

Stephen was on top of the world. He had worked for a trading company but was now self-employed, betting his own money, on the future price of oil.

Stephen said in his best year he made about $300,000 and thought he could finally afford to buy his wife Jeanne the house of her dreams. “Bought the bigger nicer house in Rockville Centre and we were on our way you know. Just didn’t plan enough ahead,” he admits.

The mortgage and other expenses had tripled. There were fancy cars, private pre-school, and Stephen was struggling to keep up with the bills.

As his troubles and debts mounted, Stephen decided not to tell Jeanne or anyone else how bad things had become. On top of that, his mother was diagnosed with a terminal illness.

Stephen’s attention became divided, and he began to lose big money. He says he probably lost well over $200,000.

He had to do something, so he joined a prayer group.

“Stephen would be at the prayer group every week,” remembers family friend Pat Reynolds. “He eventually stopped coming and I wondered why. And I asked him and he said every time he would come on a Tuesday and pray for financial success he would go to work Wednesday and get crushed. He would lose more money than ever.”

Read more details here.




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BlackBerry Tour 9630 Reviews July 14, 2009

The BlackBerry Tour 9630 by Research in Motion (RIM) has been reviewed as the best CDMA BlackBerry smartphone available.

Two reviewers called the BlackBerry Tour “the best Verison smartphone,” while one just wrote that the BlackBerry Tour is the “no-brainer” choice for CDMA (Code Division Multiple Access) networks.

The reviewers liked the QWERTY (the most used modern-day keyboard layout) keyboard, sharp, crisp screen, standard 3.5 mm headphone jack and push email.

The BlackBerry Tour is a world smartphone with a SIM (Subscriber Identity Moduale) that will work in 220 countries on GSM (Global System for Mobile communications) networks with a Verizon SIM that is pre-installed or an added SIM.

Many reviewers also liked the integration of contacts calendar with social networking services such as Facebook and Myspace.

Lack of Wi-Fi was a major fault of the BlackBerry Tour found by reviewers. Wi-Fi should be coming in later models. The camera was not highly rated for shutter delay and quality of the auto focus. And the video capture had a few glitches. Call quality and battery life were reviewed from good to excellent.

Read more details here.



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MyBlackberry Social Network July 14, 2009

Research in Motion (RIM) is launching MyBlackberry, a social network community July 14, 2009 for device owners to rate and review applications. This will be the first officially-sanctioned online space for BlackBerry fanatics.

MyBlackBerry will feature three basic social features.

Personal profiles for MyBlackBerry users will apparently center on the device you own. Level of detail and user profiling is up in the air at this point.

A key feature of MyBlackBerry will be ratings and reviews of applications. Reviews should become an important outlet for BlackBerry application developers.

Community forums is another feature of MyBlackberry where a threaded conversation can take place among BlackBerry owners for mutual support.

Read more details here.



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BEING UNIQUE IS A GOOD THING… ISN’T IT? C.J. Hayden, MCC July 17, 2009

New entrepreneurs frequently hear the advice to “be unique” in their marketing. The basic idea is a valuable one — to get attention in a crowded marketplace, you must stand out in some way. Distinguishing your product or service from the competition can make your marketing more effective. Crafting a novel marketing message can attract the notice of more potential customers.

There’s no question that an element of uniqueness in your marketing can make your business more memorable, competitive, and special to your target audience. These are all reasons why being different can be good. But how different should you be?

A student in one of my classes had noticed there were no display ads for management consultants in his local Yellow Pages. “What a great opportunity,” he thought, “to make my business stand out to prospective clients.” He spent over $200 per month on a large ad for a full year. The result was not a single phone call, unless you count the ones from vendors trying to sell him photocopiers and phone systems.

He had neglected to ask his consulting colleagues WHY none of them had ads in the Yellow Pages. It seemed like a good idea to him, and no one else was doing it, so he pulled out his checkbook. What never occurred to him — and what any experienced colleague could have told him — was that companies don’t choose management consultants from ads in the phone book.

Sometimes you can be too unique for your own good. There’s a lot in sales and marketing that is tried and true. If you decide to forge a completely new trail, you may be attempting an experiment that many others in your field have already tried with no success.

It’s not always just your marketing techniques that are a little too different. The same problem can afflict the product or service you are marketing.

I met a fellow while networking who had a “unique process” for helping companies resolve conflicts between employee groups. When I asked him to explain his process, he said I would have to experience it to understand it. I inquired how it compared to solutions like mediation or team building, and he told me it was a totally different approach that defied comparison.

Since I knew a company that needed help with a problem like the one he described, I would have liked to refer him. But I couldn’t picture myself calling my friend at the company to say, “Hi, I know someone who says he can fix your problem, but he can’t explain how. You’ll just have to hire him and see.”

Being noticeably different from the competition can help you attract customers and close sales. But claiming that you have no competition is naive. Comparisons to a known quantity can help prospective customers understand where your product or service fits in the range of solutions they are considering. If they can’t compare it to anything, it’s doubtful that they will be able to see how your offering could work.

Your market, too, needs to be a group of people who already exist and can be readily identified. A reader once wrote to ask me for some advice on getting her new book published. I asked what market category it fell into, and she replied that she hadn’t really thought about it.

I pressed her bit, explaining that her book needed to be categorized in order to be marketed and sold. Even something as simple as where to shelve it in a bookstore depended on having a category to print on the back cover. Was it self-help, spirituality, careers, business? Who did she see as the audience for her book?

She asserted that she was creating a new paradigm, and if I was going to help her, I needed to think more creatively. My reply was to tell her I couldn’t help her at all. Her idea may have been brilliant, but no publisher was going to touch her project.

Creating the perception that your product or service is one of a kind can help you capture people’s attention and make them remember you. But you have to be able to identify the people you want to reach and communicate how you can be of service in words they can understand.

You know those car commercials that go, “Zoom, zoom, zoom?” I had to see those ads dozens of times before I could remember that the car being advertised was a Mazda. “Zoom” was unique alright, but what did it have to do with Mazda? Or with the benefits of owning one? A catchy slogan like “Inspiration Beats Perspiration” may be clever and unusual, but what the heck is it marketing?

Definitely look for a unique way to express the benefits you offer to your clients, but make sure it still communicates what you actually do. It’s okay to get creative with your marketing, but don’t bet the rent money on untried techniques.

If you really want to make your marketing more effective, cheaper and less stressful, stop re-inventing the wheel. Find models that work and replicate them. I’m not suggesting that you plagiarize your competitors’ marketing copy, but when you see someone successful in your field, find out what they are doing right, and follow their lead.

Don’t let your business be a victim of “terminal uniqueness” — the belief that you are so different from anyone else that none of the rules apply to you. Being distinctive is good; being eccentric can be unwise.

Copyright © 2004, C.J. Hayden

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Texas Instruments (TXN) 2Q Profit Down July 20, 2009

Texas Instruments Inc.’s (TXN) second-quarter (2Q) profit dropped 56% on lower sales and margins.

TXN or TI revenue grew from the first quarter on strong analog chip sales and a seasonal increase in sales of its calculators.

Chief Financial Officer Kevin March said that demand in the United States and Europe remain weak.

“In Asia and China, in particular, with the stimulus plan, there does seem to be signs of increased demand,” he said.

Texas Instruments Incorporated (TI) (NYSE(New York Stock Exchange): TXN report, combined with an outlook for the current quarter that topped Wall Street expectations, follow encouraging results from chip giant Intel Corp. (INTC) last week and offers more hope that conditions in the semiconductor sector are improving.

TI or TXN shares have reflected that improvement, rising 75% from their seven-year low in December and trading at their highest level since last September. However, in after-hours trading, the stock fell 1.4% to $23.31 following the company’s earnings release.

Chief Executive Rich Templeton said TI or TXN is seeing “healthy trends” in its profitability, but “it will likely take some time before the economy strengthens.” He added that revenue is also more closely tracing demand after two quarters of severe inventory corrections.

Read more details here.



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Horses, Dogs, Birds Targeted in 5 New Animal Scams July 25, 2009

With pets in two out of three American households, lucrative animal scams have a huge potential target.

From drugging difficult horses before selling them and dumping unwanted ones on unsuspecting stable owners, to phony DNA tests and bogus certification, there’s no end to the tricks.

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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http://www.scambusters.org





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Layoffs, Palm Pre Coming to Verizon July 28, 2009

This recession is a long way from over if Verizon’s latest earnings are anything to judge by. Reporting second-quarter earnings that were a penny better than the 62 cents per share Wall Street had been expecting, the company said it suffered a nasty 21 percent drop in profit thanks to the econalypse, which is pinching enterprise customers pretty hard these days.

Click here to read more.

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by John Paczkowski




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