350 40 internal use software

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

HCL Tech CHRO Apparao VV HCL Technologies, which has about 1,700 employees in troubled Sri Lanka, has set up a team to monitor the situation as the island nation grapples with food and fuel shortages amid record inflation and an economic crisis. While there has been no work disruption so far, it is preparing for all scenarios, with backup plans ready to move work and people to India. Apart from Sri Lanka, Costa Rica, and Poland, HCL Tech is stepping up hiring in smaller Indian cities such as Madurai, Lucknow, and Nagpur as it looks toward fresher pools of talent amid booming demand for software services and rising attrition. In an interview with Moneycontrol , VV Apparao, chief human resource officer of HCL Tech, explains the company’s efforts in augmenting the talent supply chain and steps it is taking to counter the challenges of hiring and attrition. Edited excerpts: In Q4, HCL Tech reported attrition on the last 12-month basis jumped to 21.9 percent from 19.8 … [Read more...] about HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

I've been in the business of coaching companies for a few decades, but only recently did I get into the business of research. Management ideas are nice ideas, but they're just that. If you want to prove what actually drives financial results--and if you care about improving the lives of the employees who drive those results--you need applied research. My friends at Harvard Business School have been telling me this for a while, so I talked them into helping me test the validity of a management approach we call economic engagement. It's all about partnering with employees to profitably serve customers. We defined precisely what we meant by economic engagement, codifying it in five management practices. Three years into the research, we shared the initial compelling results in these pages (more details are provided in the book I wrote with John Case-- Partners on the Payroll ). While I'm a die-hard fan of this approach (and growing more fanatical as the research continues … [Read more...] about What’s Missing in the Agile Approach

Share to Twitter Share to Linkedin MicroStrategy MSTR embarked on a strategy of using its cash and then debt to buy alternative assets when it announced its June 2020 quarter results on July 28, 2020 . Over almost two years since then it has bought 129,218 Bitcoins as of May 2, 2022, per its March 2022 10-Q filing . The company has spent just under $4 billion for an average cost of $30,700. Unfortunately, since last Thursday, May 12, Bitcoin has been trading a bit over to around $2,000 under MicroStrategy’s breakeven price of $30,700 and it has gotten as low as $26,350. The recent downturn in Bitcoin’s price (over $10,000 or 26% in the past month), driven by the increase in interest rates and a risk off environment becoming more prevalent, has also hit the company’s share price (fallen over $250 or 56% in the past month). A roller coaster ride One point to keep in mind is that even while MicroStrategy’s stock fell over 25% last Wednesday to … [Read more...] about MicroStrategy’s Bitcoin Wager Has Turned Into A Losing Bet

This article first appeared in The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. Izham: We remain bullish on MAG’s future [and] cautiously optimistic about the environment. (Photo by Suhaimi Yusuf/The Edge) - A + A MALAYSIA Aviation Group Bhd (MAG), which narrowed its full-year net loss for 2021 by 60% over the preceding year, remains on track to achieve break-even in 2023 as part of its Long Term Business Plan 2021-2025 (LTBP 2.0). However, group CEO Captain Izham Ismail warns of headwinds from fuel and foreign exchange (forex) volatility, which could affect the target. MAG, whose wholly-owned subsidiaries include Malaysia Airlines Bhd (MAB), MAB Kargo Sdn Bhd (MABkargo), FlyFirefly Sdn Bhd and MASwings Sdn Bhd, posted a net loss of RM1.65 billion for the financial year ended Dec 31, 2021 (FY2021), a significant improvement on the year-earlier RM4.1 billion net loss when it was dealing with the effects of a slowdown in the global economy and … [Read more...] about Malaysia Aviation Group on track to break even in 2023 but faces fuel, forex headwinds

Share to Twitter Share to Linkedin Here’s a scorecard on eight ways to own crypto. The most intriguing: a low-cost coin trust available at a nice discount. Are you interested in virtual currency, now trading at half the price it had last fall? Shop around. Among the many ways to get a piece of the action, there are wide differences in ownership costs. My favorite: a somewhat obscure bitcoin trust to be found in Fairfield, Connecticut. There are pros and cons to every means of getting cryptocurrency exposure, including the little outfit in Fairfield. This survey covers eight bitcoin bets in descending order of my views on their desirability. You may have a different ranking, especially if you are speculating on a quick turnaround. #1. Osprey Bitcoin Trust This quasi-fund (ticker: OBTC), created a little over a year ago, is a knockoff of the much better-known Grayscale Bitcoin Trust. Both trusts are closed-end, in that investors have no right … [Read more...] about How To Buy Bitcoin At 26% Off The Regular Price

Tesla, Inc. ( TSLA ) is recalling 129,960 vehicles in the U.S. due to a fault in their infotainment systems. The cars that are being recalled include Models 3 and Model Y vehicles that were launched in 2022 as well as Models S and Model X vehicles that were produced in 2021 and 2022. Tesla's infotainment device is used for music, navigation, air conditioning and heating, and controlling the back-up camera and the speed of the windshield wiper. The electronic systems in the recalled vehicles are prone to overheating when the car is charging, causing the touch screen to lag behind or go blank. The problem may be due to a computer chip that is not cooling enough resulting in a blank touch screen or a lag in the infotainment navigation. Key Takeaways Tesla is recalling 300,000 US vehicles due to a faulty infotainment system that causes the touch screen to overheat and lag or go blank. The glitch can be fixed with an over-the-air software update, and users do not need to … [Read more...] about Tesla (TSLA) Recalls 130,000 U.S. Vehicles Over Touch Screen Issues

Share to Twitter Share to Linkedin I ran into an old acquaintance at the 2022 ACT Expo in Long Beach last week. Terry O’Day has been involved with electric vehicles for over 25 years, and our paths have crossed, indirectly or maybe directly, here and there, over the years. O’Day is currently the Chief Operating Officer of InCharge Energy , and we talked about how InCharge fits into the fleet charging environment in 2022, how thinking through total cost of ownership convinces fleet managers and how cheap solar panels can show us a way to get more EVs to more people . But first, a bit of history . Terry O’Day : I’ve been in the EV charging business since 1996, it was my first job in my career and this is my fifth EV startup. My wife worked on the EV1 marketing and we were in the movie [2006’s Who Killed The Electric Car? ]. Sebastian Blanco : [ Disclaimer: I briefly appear in the sequel, Revenge of the Electric Car , released … [Read more...] about InCharge COO Terry O’Day: Fleet Charging EVs Is About To Get Real

Two of the most interesting post-pandemic issues for the entrepreneurs running venture-backed businesses -- which have basically been on an involuntary hold for the last year or two -- are pace and story, and the conflicting attitudes toward each in the board room. Both are already topics of painful and somewhat heated discussions in meetings everywhere, pitting the impatient VCs against management teams. The VCs are all about IRR. Every investment they make is "on the clock" and their investors are always watching, waiting and wondering about how quickly and how much a given fund will return. They're all in for pushing the pace of everything forward as quickly as possible. Meanwhile, the far more conservative and cautious management teams are still somewhat traumatized and only now starting to recover from the shock of seeing their businesses abruptly shut down. These managers are also realizing that their years of pain, sacrifice and stress were almost lost forever. In a … [Read more...] about The New War Between VCs and Entrepreneurs

Share to Twitter Share to Linkedin I first made Skechers USA SKX a Long Idea in April 2016 and closed the position in March 2018 to lock in its 5% outperformance of the S&P 500. Shortly thereafter, I made the stock a Long Idea again in May 2018. Since then, the stock is up 29% compared to a 53% gain for the S&P 500. The stock still presents excellent risk/reward and could be worth $70+/share today – a 79%+ upside. Skechers’ Stock Has Strong Upside Based on: the company’s large physical store footprint consistent market share gains large scale advantages the company enjoys as the third largest global footwear brand ability to reach its niche market with comfort and value current valuation of the stock implies profits will permanently fall 20% below current levels. Figure 1: Long Idea Performance: From Date of Publication Through 5/2/2022 What’s Working Stores Drive Growth: Skechers operates a wholesale business … [Read more...] about Disciplined Growth Makes Skechers USA A Quality Holding