Showing posts with label Wants. Show all posts
Showing posts with label Wants. Show all posts

Sunday, 14 July 2013

Icahn wants judge to appraise Dell buyout offer

Billionaire US investor Carl Icahn says he will go to court to get a better price for his stake in the computer manufacturer Dell.

For several months, Carl Icahn has been fighting a $24.4bn buyout offer from a group led by the company’s founder Michael Dell.


In attempt to get back control of the company and take it private, Michael Dell has partnered with private equity group Silver Lake to offer shareholders $13.65 a share.

Michael Dell is seeking to regain majority control so he can pursue his plan to retool the struggling company as a maker of datacentre equipment and software for corporations.

But Icahn and Dell’s biggest shareholders are unhappy with the deal, which is well below their estimation of company’s value at $24 a share.

Having failed to put together a successful rival offer, Icahn now says he will ask a judge to assess whether the offer, supported by Dell’s board, represents a fair price.

He is urging other shareholders to demand a court appraisal too, according to the BBC.

Carl Icahn entered the fray over Dell's sale in support of the unhappy shareholders, at first teaming up with private-equity group Blackstone in March 2013.

But in April 2013, Blackstone withdrew because of concerns over an unprecedented drop in PC sales and Dell reduced its operating income projections for the year to $3bn, down from $3.7bn.

Icahn then teamed up with Southeastern Asset Management, offering to pay $12 a share in cash or stock and let investors hold on to equity in the computer maker.

In the latest appeal to other Dell investors, Icahn said in a letter: "We believe if you seek appraisal, you will receive more."

However, the appraisal process will take time, which will prolong the period shareholders will have to wait until they can offload their shares.

Shareholders are scheduled to vote on the offer led by Michael Dell on 18 July 2013.

Find out what the customer wants and deliver it effectively

Jamie Turner, technical director and founder of Postcode Anywhere, has based his business on knowing what the customer wants and delivering it effectively.

The address management and location services provider offers more than 250 services including addressing and validation for e-commerce and customer profiling, geographic and spatial web services and route optimisation.

All services are geared towards ensuring customers have a happy and efficient experience, leading to strong customer loyalty, essential for survival in today’s turbulent economic climate.

Great customer service is one of the firm’s core values: “We should treat every customer with the utmost respect and leave them with an experience they will tell others about,” says the promise on its website.

This ethos is even more important in an age when customers are increasingly connected and willing to share their experiences – negative or positive – via the internet, social media and mobile technology.

“Our proposition was about customer experience. If you want people to trade with you, you have to give them a positive experience. If a customer shops online, they don’t want to have their goods sent to Stockport rather than Southwark. It is one small piece of the customer experience, but it is often the most tactile part of their experience where you have to type in and divulge information. We wanted to make it as painless as possible,” says Turner.

Getting the correct addresses quickly is essential for the success of retailers – whether customers are shopping online or via a call centre.

“Addresses in this country are long and are not well structured. If you outsource to a call centre in India and the agent is trying to capture and spell a Welsh address, it can be extremely annoying for the customer. Our services give a dual benefit – customer service is better and for the client, it is cheaper because they need fewer agents,” says Turner.

Some online sites are ruthlessly efficient about pushing their customers down the online route because it is cheaper than being contacted any other way, but Turner believes it is important to give customers options to ensure good customer service.

“It’s fine if someone’s buying a CD and knows what they’re going to get, but some purchases or services are more sophisticated and people expect old-fashioned service even in the new world. We want to offer strong customer service as well as strong self-service,” he says.

Organisations can often learn most and engage more meaningfully with customers who call up directly.

“Rather than just go down the self-service route, we did the opposite and deliberately put our numbers online. We always answer a call and we don’t have buttons to press – 1 for sales, 2 for accounts, etc. If people phone us it is a brilliant opportunity to have a conversation with the customer to learn about them and how we can improve our product,” says Turner.

“If organisations don’t innovate and try to improve customer service, they always have to be on the defensive, but it is no good trying to put lipstick on a pig.”

He says organisations need to address problems head-on and digest and learn from that experience so they can improve: “As long as you admit it, the best experience for customers and the strongest relationships can come out of making things right.”

Postcode Anywhere has developed its own cloud-based customer relationship management (CRM) software because it has the in-house expertise, but Turner believes the cloud is the most efficient way forward for organisations.

You have to make sure everything works on everything. Consumers want to be able to buy something from their smartphones, without having to necessarily turn on a PC

Jamie Turner, Postcode Anywhere

“We developed our own CRM technologies because the products we looked at did not offer the level of integration necessary for us to run our business, and it would have cost a fortune,” he says.

His advice for getting CRM right is to marry the business and the technology.

“The business as well as the technology has to be properly tied together, otherwise you end up with a big mess if you disassociate the two,” he says.

To gain greater visibility of the customer and to become more proactive, Turner says integration is key.

“We integrate the CRM system with everything – the support system, the phone system, every platform. If there is no integration, CRM technologies can be extremely over-rated and people end up making the same mistakes bigger and twice,” he says.

The cloud approach means Postcode Anywhere is extremely efficient in sweating its assets.

“We are ruthless with our hardware – for what we do with our amount of kit, we rinse every £10 out of it, and this approach forces us to build carefully,” says Turner.

He says organisations can be prone to throw away hundreds of pounds in “fear and danger money”, but if they think about design carefully, they can iron out problems.

Jamie Turner, founder and technical director of Postcode Anywhere, says there is a danger of mis-selling through accessing irrelevant data that does not improve the customer experience.

Although there is the opportunity to learn more about customers today than ever before because of the wealth of data they generate about their opinions and experience, he says there can be pitfalls using big data for CRM.

“You have to be super-careful commercially. You can’t assume because you find out a customer’s favourite colour is yellow, they now need a pair of yellow shoes,” he says.

Social networking should be a better way to talk to customers.

“It is possible to interact in a way that gets you much closer to the customer. We use technology to understand our customers. I love big data but you have to be so careful that you don’t come across as Big Brotherish, and also that you don’t infer ridiculous things,” warns Turner.

He suggests spending time listening to how customers communicate, but says it is worth remembering that using social networking sites is often not a subtle means of communication.

“It can be like waving your arms and using flashlights. There are extremes of behaviour exhibited, but you need to understand that you can have very vocal minorities, but you don’t need to react all the time,” says Turner.

It is important to respond to consumers positively through what you learn, but Turner points out that high feeling may be transient and it is important not to overreact.

“Be open to suggestions, but carry on doing your thing and don’t prejudice your values because someone is having a bad hair day,” he says.

He also warns that CRM technologies can get it wrong. “There was an ad in the US for a CRM system that showed an English country manor house owned by someone with a name like Tarquin and the milkman delivered an extra pint because the son was back from Oxford in his green sports car. Often CRM technologies are newer and bigger, but can fail to deliver because they get it wrong on a big scale,” he says.

One of the most important things to learn when capturing big data about customers is to understand that they move into different states and to plan your interactions with them accordingly.

“We integrate all the interactions we have so we can bring everything together and build up a picture of our customers, so we understand what’s going on with them and we use CRM technologies to watch and learn where they struggle. It’s snakes and ladders. If an invoice is coming up, they are probably in a negative state so it’s not a good idea to send out marketing material. We try and build up a picture so we can identify patterns, intervene earlier if something is going wrong and try and offer a good price and an efficient service,” says Turner.

“We have been operating in the cloud for over 12 years and we have learned from real innovators like Google. Thanks to cloud we can do performance releases which give customers a progressively better experience. Organisations always need to be thinking about things carefully and how they can approach problems or sticking points in a different way so they are always improving their customer experience,” says Turner.

If Postcode Anywhere doesn’t get it right, then clients will lose customers, and the company in turn will lose business, so focusing on innovation is key to future survival.

“We have to be very efficient and think about improving our business to improve customer service. We are investing more in design than in the past and making the product better to improve the interactive touchpoints of clients’ sites,” says Turner.

To this end, products have been developed that are more user-friendly and able to be incorporated into sites more easily by non-technical marketing workers who need to respond rapidly to customers’ demands in an increasingly demanding market where access can be from a variety of devices.

Time is earmarked for innovation, such as “Friday projects”, when employees think creatively and play with ideas which might come to fruition.

“Having a playful spirit keeps everyone sane and sometimes amazing things can come out of it, which goes towards improving customer experience. The challenge is to think, ‘Why not?’, because it is important to stay ahead of the competition and think about different ways of better serving customers. We are constantly looking at our internal systems and processes,” says Turner.

With the democratisation of technology, one trend is to make technology open and easily accessible to all, not just the technically able.

“Typically, we provided APIs [application programming interfaces] to techies, but now we have more pre-packaged products which work on mobile devices properly for example, and you don’t need a computer science graduate to do it. It’s all point and click. If you think about how customers want to consume services differently by removing any possible barriers, then you give consumers a nicer experience and improve trade,” says Turner.

This is crucial for any organisation’s ability to keep up with the widening choice available to consumers.

“You have to make sure everything works on everything. For example, a few years ago it was OK if something worked on Internet Explorer, but now there is a much wider variety of browsers. Consumers want to be able to buy something from their smartphones, without having to necessarily turn on a PC,” says Turner.

Nobody today has the same browser or the same device or wants to be forced down one interaction and if they are, they will react by voting with their feet and going elsewhere.

“You need to be more sensitive to consumers’ different environments; they are more advanced and agile with a proliferation of devices,” he says.

This is especially true of younger customers and Turner says it is essential to cater for their tastes in technology: “It is a new world and if you ignore the kids and don’t deliver great customer service to them, you will alienate a future market.”

He says there are real opportunities to get closer and learn from customers through social networking sites, and it is worth exploring in order to deliver better products and improved services, and generate greater customer loyalty.

“One can be a cynic about social networks, but it is important to recognise there are real opportunities there as a lot of people use them as a way to exchange information and will start to engage with companies, but it’s important not to engage with them in a ‘shouty’ way with all upper case letters. You need to use it as an opportunity to learn. Social networks are like villages – vocal, chatty and accessible,” says Turner.

Setting the bar higher is important to any organisation’s success, and learning comes through engaging with customers.

“We look at how to avoid potholes,” he concludes. “If you use technology to engage with your customer, you can do smarter things in a more intelligent way.”

Saturday, 13 July 2013

Hugh Jackman Wants Wolverine to Join the Movie 'Avengers'

 
With Marvel Entertainment's movie properties split across three studios - Fox has Fantastic Four and X-Men, Sony has Spider-Man and Marvel has everything else - the prospect of seeing an on-screen version of the current comic book Avengers featuring Captain America, Thor and Iron Man teaming up with Wolverine from the X-Men and Spider-Man to save the day on a regular basis seems almost impossible. One man, however, has hopes that it could happen. His name? Hugh Jackman.

During the film's press junket for his return to the role of everyone's favorite be-clawed mutant in The Wolverine, Jackman admitted that he's even asked Marvel about the possibility himself.

"I literally asked the same question the other day to Tom from Marvel who works with all the other studios, he works with Sony and Fox, that’s his job to liaise," Jackman told the website Collider. "I said, 'Man, can this happen?' and he goes 'Look, it’s not gonna be easy because you’re working with different studios and they’re their properties.'"

RELATED: Robert Downey Jr. Signs On for Next Two 'Avengers' Films

However, Jackman is remaining hopeful. "I believe - maybe I’m optimistic, I understand at Marvel they’ve got The Avengers, they’ve got a lot of big things going on, but at some point I just find it almost impossible that there’s not a way to bring Iron Man, all the Avengers characters, Wolverine, the X-Men characters, Spider-Man, and somehow get them in together," he said.

He's even got an idea of how to handle the business end of the whole thing. "I’m like, okay you’ve got three studios, just split it three ways in terms of the cost, and happy days it’s all coming together!" Okay, I didn't say it was necessarily a complicated idea of how to handle the business end, but still.

In the off-chance that this could help this cross-studio crossover happen, it's worth remembering that Andrew Garfield, the current movie Spider-Man, has already voiced his support for the idea of Spidey joining the Avengers at some point in the future. Clearly, it's time to get Samuel L. Jackson and Robert Downey Jr. involved…

Wednesday, 3 July 2013

New trust wants to protect digital Bitcoins like physical gold: In vaults

A U.S. regulatory filing for a Bitcoin investment trust from the Winklevoss twins said they will protect the virtual currency like gold bars—in vaults.

Cameron and Tyler Winklevoss, famous for their early association with Facebook, are selling the trust as a way for institutional and retail investors to invest in bitcoins without dealing with the hassle of exchanges and the thorny security problems around storing bitcoins.

The goal of the fund centers on an anticipated appreciation if bitcoins become more widely used as a means for exchange. Some businesses are using bitcoins, but volatile exchange rates and regulatory issues remain a concern.

In a 74-page document filed with the U.S. Securities and Exchange Commission on Monday, the twins write they will use a network of secure vaults around the U.S. to store their investors' bitcoins.

Their company, Winklevoss IP, owns intellectual property related to patent-pending technology that will be used by the trust, the filing reads. That includes what is described as a "proprietary security protocol."

A bitcoin is essentially a secret number that can be transferred to another computer using public-key cryptography. A bitcoin has a private key that if unencrypted allows the coin to be sent to another computer using peer-to-peer software.

A bitcoin transaction is seamless and fairly quick, but since the private key is often stored on a person's computer or with a web-based service, hacking remains a real risk.

Some bitcoin enthusiasts have written private keys down on pieces of paper in so-called "offline" wallets. But losing a private key to a bitcoin means that it can never be used and is lost forever.

The long list of risks highlighted in the SEC filing shows that an investment with the twins' trust is only for those with steely nerves. And they make no guarantee that the security system will be able to thwart hackers.

The trust's sponsor, Math-Based Asset Services, which is owned by Winklevoss Capital Management, is not liable for losses due to "failure or penetration" of the security system, absent gross negligence, fraud or criminal behavior by the sponsor, the filing reads.
 
Also, the people responsible for the day-to-day administration of the trust "will also not be liable for any system failure or third-party penetration of the security system."

They also anticipate their trust "may become a more appealing target of security threats as the size of the trust's assets grows."

The warnings may not put off people familiar with bitcoin, which has made a handful of people who bought in after the system launched in 2009 very wealthy.

Many others, however, have racked up losses after buying bitcoins during a rapid, speculative rise to $260 per coin in April before falling as low as $56. A single bitcoin sold for around $90 on Tuesday, according to the largest exchange, Mt. Gox in Japan.

The Winklevoss twins told The New York Times in April that they held as many as 1 percent of all of the bitcoins in circulation. There are about 11.3 million bitcoins in circulation, putting their holdings conservatively at $9 million today.

According to their plans, the trust would offer "baskets" of shares, of which each share is comprised of one-fifth of a bitcoin. The baskets would be redeemed in blocks of 50,000 shares based on an average bitcoin market price calculated from exchanges.

Friday, 28 June 2013

Kobe Bryant Auction -- Who Wants My Tacky NBA Championship Ring???

Kobe Bryant Auction
Who Wants My
Tacky Diamond Ring!? 0617_kobe_bryant_auction_items_launch_v3
It's the stuff that caused a war between Kobe Bryant and his parents -- a collection of the NBA star's tacky jewelry, shoes and jerseys -- and now it's officially up for auction.

A diamond-encrusted NBA Championship ring complete with the words "Bling Bling" engraved on the side ... prototypes of Kobe's shoes ... Bryant's high school jersey -- it's all up for sale.

As we previously reported, Kobe sued his mom to prevent her from selling the memorabilia ... claiming she had no ownership rights to the merchandise.

But Pamela Bryant -- along with her husband Jellybean -- fought back ... claiming Kobe had gifted the stuff to them over the years and they had every right to sell it.

Last week, the two sides hammered out a settlement agreement ... in which Kobe allowed his folks to sell off 10% of what they had originally tried to auction ... and the items are pretty interesting.

As part of the settlement, half the proceeds from 4 key items -- including Kobe's palladium 2000 All-Star ring -- will go to support one of his favorite causes: the social action campaign around the anti-bullying documentary "Bully."