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Beware of frothing power-hungr
2010-09-27 10:27:30A BOTTLE of chill pills, please, to all the Apple obsessives who queued up at stores in Wellington hoping to buy the latest Apple iPhone last Friday and discovered, to their apoplectic fury, it hadn't arrived.
"There are a lot of disappointed people around the country; angry that we were not notified by Vodafone or Apple of any changes to the release that was supposed to happen today," raged one, adding that the managers of the stores he'd been to had "claimed ignorance" about the delay.
Adding to the conspiracy, the Stuff website reported New Zealand had been "mysteriously" left out of Friday's launch, but that a photo posted on a technology forum "allegedly" showed a shop sign blaming the delay on a shipping problem. While there were rumours that one retailer might be selling stock from noon, this would be no consolation for fans queuing since 1.30am. Almost 11 hours without the latest phone! You can imagine the shame.
By the time you read this, I expect everyone responsible for the bungled New Zealand launch will have been ritually beaten with data cables and then forced to march, naked, through Courtenay Place while frothing Apple fans pelt them with unwanted headsets and outdated Nokias.
Spyder JacketsGiven that our current favourite national sport is finding things Australia does better than us, I'm happy to report that the Sydney launch went off without a hitch. The vast crowds queuing to buy a phone were treated to pork belly, apple crumble and Spyder Jackets a special appearance by former Destiny's Child member Kelly Rowland before MasterChef judge Matt Preston lifted the lid on a silver cloche to reveal the first handset. It could not have been madder, or more hallucinogenic, if the iPhone 4 had been flown into Sydney by a fleet of silver unicorns towing behind them a massive candy floss effigy of Steve Jobs.
Hyperbole, thy name is Apple. The iPhone 4 was launched with the slogan "This changes everything. Again". When iTunes was launched, Mr Jobs modestly claimed the day would "go down in history as the turning point for the music industry".
Spyder JacketsApple produced no less than 11 guided video tours to introduce the iPad, which it describes as "a magical and revolutionary product at an unbelievable price".
Magical? As far as I'm aware, the iPad is a combination of a phone and a laptop: it cannot cure cancer, bring peace to the swiss army cavalry watch Middle East, sew me a pair of jeans that don't make my butt look fat, or prevent the All Blacks from choking during the next Rugby World Cup. The only thing about the iPad that is remotely supernatural is its spooky ability to turn perfectly normal, marginally geeky men and women into the kind of smug technotossers who ought to be driven from cafes, airport lounges and hotel foyers with a horsewhip.
swiss army cavalry watchDon't just take my word for it: a new survey of 20,000 consumers by opinion profile company MyType has found that iPad users are best described as a "selfish elite". They are six times more likely than everyone else to be "wealthy, well-educated, power- hungry, over- achieving, sophisticated, unkind and non- altruistic 30 to 50-year- olds".
swiss army cavalry watch iPad owners are, according to the survey, self-centred workaholics who care mainly about business and finance, are obsessed with power and achievement, and would not lift a finger to help others. There's a hint ofChristian Louboutin Shoes
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BHP goes on global charm offen
2010-09-27 10:27:26MARIUS KLOPPERS will this week lead a team of BHP Billiton executives on a charm offensive across five continents in a bid to convince shareholders that its $39bn (Pounds 25bn) bid for PotashCorp is the best strategic move.
The mining company's board, led by Mr Kloppers, the chief executive, will also meet a number of large Spyder Gloves Womens investors with cross- holdings in Potash and BHP during the whirlwind tour across the UK, Australia, South Africa, Asia, the United States and Canada.
Although BHP does not need official shareholder approval to buy the smaller Canadian rival, it is keen to get investors on board to avoid the kind of shareholder uprising that ended Prudential's controversial bid for AIA.
The tour Spyder Gloves Womens will come after BHP unveils its most important financial results since Mr Kloppers took over as chief executive two years' ago.
Spyder Gloves WomensThe mining company's fullyear figures, which will be released on Wednesday, are expected to show much higher profits as commodity prices have recovered during the last year. Analysts forecast pre- tax profits of $18.6bn, up from $11.6bn last year, on revenues of $51bn.
BHP launched its hostile bid for PotashCorp last Wednesday, saying it would approach shareholders directly. The Canadian company's board rejected the offer outright, on the grounds that it "grossly undervalued" the business.
Some BHP shareholders, including major Australian investor Perpetual, have expressed discontent about BHP's plans to spend its spare cash on yet another hostile bid so soon after the mining company's unsuccessful play for rival Rio Tinto. Several investors have said privately that they would prefer the money to go into share buybacks.
Analysts said last night that a deal would probably gain support from BHP shareholders but warned that the company should expect to pay a higher price.
Robbert Van Batenburg, head of research at LCM in New York, said: "BHP will probably increase its offer and reach some sort of mutual agreement on price."
BHP will face further uncertainty this week in light of the likely hung parliament following Australia's election. This outcome could dive watch allow Labor leader Julia Gillard to push ahead with a new 30pc tax on miners' profits. The tax could derail BHP's attempts to club together with Rio Tinto on an iron ore joint venture in the country. Miners have warned that the tax would make operating in Australia far less profitable.
There are dive watch also concerns that BHP and Rio Tinto will not get regulatory permission.
"The regulators have been looking at [BHP's and Rio's iron ore joint venture] for ages and have been deferring decisions," said Charles Kernot, analyst at Evolution. "If there is a super-tax, it may be that both companies say this is all getting too complicated and let it drop. BHP is going into Canada and it may feel it is a more benign taxation regime."
Any failure to complete the joint venture will pile the pressure on Mr Kloppers to make the PotashCorp offer work. UBS argued in a recent note: "If BHP was to increase its offer, buying PotashCorp would be a more expensive option than building [a potash mine]. However, it would be less risky and would provide immediate cash flows."
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