Gordon Dadds Share Discussion Threads

[pmeas] 04/3/2003 22:31

Bigger the brush less strokes kid,aint that what we disscussin

[scripophilist] 04/3/2003 22:27

Which one?

[pmeas] 04/3/2003 22:25

Script,are you a holder of this stock?

[scripophilist] 04/3/2003 22:24

pmeas, I won't take a phone call for £50. Commodity product defaults to the line of least resistance. Therefore all sales channels of commidities will default to the lowest cost sales channel. Doesn't mean there is any more money in it. The lowest cost producer will win, sometimes not even the most efficient. I think your brush is too broad.

[scripophilist] 04/3/2003 22:21

trumpet, MSFT is focusing on licensing and pay per use. In fact it does not own any media production facilities, it is run in a similar way to KO and its bottling plants. MFST only owns the IP and nothing thereafter. Not many people have cottoned onto this fact. Eventually MSFT will do away with sales channels alltogether. I'm constantly stunned that they can get away with a near monopoly business. They have virutally unlimited pricing power and the shift in business has increased this ability. They are also stripping out cost at a rate of knots.

[pmeas] 04/3/2003 22:19

Script,you might win,as you put it but your are not as competive if the man sat on his is £35 cheaper than you on a £50 product and lets face it who on this earth want a sales man in there office wasting folks time.

[pmeas] 04/3/2003 22:15

and thats what im saying trumpet,the bubbles been ,but because its burst its back to normallity,just because the bubble burst doesnt mean that every other trade or industry is dead hence its a shift out of tech into real industry.

[pmeas] 04/3/2003 22:11

Five yrs ago myself and mechanic was travelling down the M1 watching the diamond cable layers drop there pipes in the ground along with the cables,we where traveling to a mechanical digger to change a hydrolic hose,and the conversation was the gap between the uprise of a office wollar and a man using his hands that actually produces a service as opposed to a web page website and at that time that man travelled 60 miles to the job repaired the hose drove back 60 miles for £67.00 today he gets £250.00 due to the man that produced a real service had been forgotten amongst the bubbble that everyone belived would bring them a meal ticket to wealth,but now my friend the table has turned and its the man in the office to get the £67.00 while this new property boom gets its teeth in then the man repairing the hose in 2005 will get the £500 for the job while the office man gets the training to repair the hose.

[trumpet] 04/3/2003 21:56

Scrip,

Please elborate, difficult to defend my stance without a little more detail ;-)

[pmeas] 04/3/2003 21:32

for sure and this spat of poor news should make us realise.Might i add we are one of the most productive nations still today.good technology i know does not lead to sales and thats not what im saying im saying its good to enable us to be even more productive,take a sales team who travel lenght and breadth of the country to find buyers when a video conference would do reducing travel fuel,etc working from home etc.Scripopilist was the wheel a technological brake through and did it sell.

[scripophilist] 04/3/2003 21:20

trumpet, I disagree significantly on your interpretation of MSFT. The truth especially the future couldn't be further from the truth.

pmeas, good technology does not lead to sales and sales not to profit. I agree that we are over the peak of the hype cycle and rising from the bottom but unfortunately that does not mean a thing without sustainable competitive advantage.

[franceys] 04/3/2003 18:15

pmeas
I can see there being about 56 million people in the UK, but according to your figures we appear to be housing 56 BILLION - no wonder there is all this fuss about asylum seekers!

I assume that your maths (give or take three noughts here or there) is roughly equivalent to that of your failed hero Gordon Brown.

[pmeas] 04/3/2003 14:57

because thats what we need to be competetive and now its a case of or else with near zero unemployment 56,000,000,000 people are working somewhere.anyway beg to differ but must leave this conversation and i will catch ya again soon trumpet thanks for for opinion,

[trumpet] 04/3/2003 14:43

Pmeas,

Quite, it is going to happen overnight. It might not happen this year, next year or the year after.

I do wonder however quite how much computing kit and S/W is required on the desktop of your average deskbound worker. I see quite a bright future for collaborative stuff that allows out of office working / remote working, but as for a blossoming IT sector pulling the UK up by it's bootstraps in the near future I just don't buy it.

Mobile Telecoms was one our our golden industries - in 1997 1 in 7 handsets were made in the UK, this year 1 in 5,000.

[pmeas] 04/3/2003 14:30

there is my point trumpet,there not running a profit because every last one of them bought there selfs a life style of a millionaire in a week rather than sustainable growth.Companys grow and develope like a baby and then grow to full capacity not overnight hence this is a correction in the longterm life of the IT Cycle.

[trumpet] 04/3/2003 14:27

Pmeas,

MS is a whole different ballgame, it is more akin to a box-shifting retailer with a captive market, really no comparison at all with most of the UK's computer service industry which is largely contract driven. Yes, directors have been greedy, but there is a lot more to it than that, if the work was rolling in and profitable the shares would rise.

[pmeas] 04/3/2003 14:25

20 blln of that will be over stated,assets are only 40 blln if theres a market for them.and if its in dollars it might as well be yen.

[scripophilist] 04/3/2003 14:19

pmeas, I doubt whether MSFT's first divi will make much of an impact on current assets of $42b.

[pmeas] 04/3/2003 14:09

Share prices are not a reflection of the state of computing services its their profitability ran by greedy directors is the problem ie.microsoft paid its first ever dividend yet bill gates is still the richest man alive.

[trumpet] 04/3/2003 13:54

Pmeas, Have you recently tried to get an IT related job, or do you know anybody that has?

People that I know in this field (including an acquaintance in recruitment) would beg to differ.

Does this look alive and well to you?

Computing Services: UB97

[pmeas] 04/3/2003 13:17

information technology is alive and well,just consolidating,you can,t make shoes and textiles when china and others, have labour costs of a dollar a day

[jl202] 03/3/2003 13:14

They obviously were not based on the most cautious assumptions or they wouldn't have to reduce growth expectations by 0.5% and increase borrowing expectations by $15 billion+.

If he does raise taxes come the budget it will be electoral suicide. The NHS has been punted into socialist quagmire in the process - what an *rse,,

[maxk] 03/3/2003 00:02

A record to be proud of:

[trumpet] 02/3/2003 21:31

Brown's new £1bn stealth tax raid
Jonathan Oliver, Mail on Sunday 2 March 2003

ORDON BROWN is planning more than £1 billion of new Budget tax rises in a fresh assault on Middle England families, it was claimed last night.

The Chancellor is drawing up proposals for a 'triple whammy' of new stealth taxes in an attempt to plug a growing black hole in the public finances.

The fresh tax hikes come on top of the already announced 1p rise in National Insurance, which comes into force next month, and inflation-busting increases in council tax of up to 20%.

Another tax-and-spend Budget this month will fuel the growing anger felt by families already hit by dozens of Labour tax rises since 1997.

It will also weaken Brown's reputation for prudence, as he struggles to find ways of paying for Labour's ambitious spending plans.

City sources say Brown is keen to freeze the threshold at which people begin to pay the higher 40% rate of income tax, instead of raising it in line with inflation.

This would put an extra 100,000 people into the top rate tax band for the first time and those already above the £34,515 threshold would pay an extra £150 a year.

'The Chancellor would pretend that freezing the threshold is not a tax rise,' said a senior source.

'But in fact it is a sneaky way of raising an extra £400 million a year for the Treasury.'

In another stealth tax move, Brown is considering raising stamp duty* on property sales worth £500,000 or more from four% to five% of the total purchase price.

The Chancellor will claim the increase would only hit property developers and very wealthy individuals. However, following a decade of rising house prices, thousands of ordinary family homes, especially in the South East, are now worth well over £500,000.

The Chancellor is also considering a hike in insurance premium tax which would cost the average family an extra £15 a year to protect their cars and homes.

The new taxes are planned in addition to the rise in National Insurance, which alone will cost someone on an annual salary of £30,000 an extra £250 a year. Council tax is poised to go up by an average of 13%, taking the average bill in England to well over £1,000 a year.

And with all the extras, such as extra National Insurance, higher council tax, freezing the top-rate income tax threshold and extra insurance tax, taken into account, someone earning £20,000 a year can expect to pay an extra £285 in tax from April, with those earning £40,000 looking at a £685 increase.

The collapse in the London stock market amid uncertainty about a possible war in Iraq and the general slowdown in the economy means that the Chancellor will soon face a gap in the public finances of up to £10 billion.

Economist Maurice Fitzpatrick said: 'The middle classes have already been hit by a series of stealth taxes and this trend looks likely to continue in view of the worsening public finances.'

The Conservatives last night called on the Chancellor to show restraint.

Tory MP David Ruffley, member of the influential Commons Treasury Committee, said: ' Middle England tax tolerance has come to an end. 'They are overtaxed and will not want more tax rises in this Budget.'


A Treasury spokesman said: 'We never speculate on the contents of the Budget.' But he denied there was a crisis in the public finances. 'We have set out our financial plans and they are based on the most cautious assumptions,' he said.