Fisher Capital Management News: Steve Jobs pitches new Apple 'spaceship' campus to Cuperti by Fisher Capital Management News Mgmtnews

(1888PressRelease) July 09, 2011 - Apple CEO Steve Jobs revealed plans for a new headquarters for the company that "looks a little like a spaceship" at a City Council meeting in Cupertino, Calif., on Tuesday.

In his trademark black turtleneck, jeans and gray New Balance running shoes, Jobs said at the meeting the new building would hold 12,000 employees, and even house its own green-energy power plant.
Apple's current headquarters can only hold about 2,800 people, Jobs said, according to a YouTube video of his presentation posted by the council.

"We've got almost 12,000 people in the area," he said of Cupertino. "So we're renting buildings - not very good buildings, either - at an ever-greater radius from our campus and we're putting people in those. And it's clear that we need to build a new campus."

The new facility, as Apple envisions it, would be built on about 150 acres of land that the tech giant owns down the street from its current headquarters.

Jobs said Apple's plan would involve demolishing buildings now on the site and constructing a new ring-shaped building that would be four stories tall, with four floors of parking underneath.

In the process, the project would increase landscaping to make up about 80% of the site, which is only about 20% trees, plants and grass now, he said.

On Monday, Jobs was on stage in San Francisco, revealing Apple's new iCloud service at the company's Worldwide Developer Conference. Public appearances such as the two Jobs has made this week have been rare this year as the Apple co-founder has been on a leave of absence for medical concerns since January. He also announced the iPad 2 in March at an Apple event.

"It's a little like a spaceship landed," Jobs said of the planned facility. "It's a circle, and so it's curved all the way around. As you know if you build things, this is not the cheapest way to build something. There's not a straight piece of glass on this building, it's all curved.

"And we've used our experience in making retail buildings all over the world now, and we know how to make the biggest pieces of glass in the world for architectural use."

The proposed campus wouldn't rely on Cupertino's power grid for energy. Instead, it would run from an on-site power facility.

"I think what we're going to end up doing is making the energy center our primary source of power, because we can generate power with natural gas and other ways that can be cleaner and cheaper, and use the grid as our backup," Jobs said. "We think that makes more sense."

Mayor Gilbert Wong said in a statement that Cupertino is excited that Apple is moving forward with a new campus, an idea first mentioned to the city in 2006.

"When Apple submits their building plans later this year, we know that we will be looking at a state-of-the-art facility and all the challenges and opportunities that go along with that," Wong said.

The review process for the new Apple campus will be the same as any other construction project, with evaluations of environmental impacts, air quality, traffic and other matters, he said.

"The project will come to the City Council for approval in the fall of 2012," Wong said. "Following approval, Apple can submit building permits. Construction will follow, and Apple and the city expect the new campus to be completed by 2015."

Fisher Capital Management News: Steve Jobs, Apple sets new “space ship” City of Cupertino campus

http://www.popscio.com/2011/08/fisher-capital-management-news-steve-jobs-apple-sets-new-space-ship-city-of-cupertino-campus/

FCM news article

Apple CEO Steve Jobs unveiled plans for a new headquarters for the company? looks a bit like a spaceship? Council meeting in Cupertino, Calif., his trademark black turtleneck Tuesday.In, jeans and gray New Balance running shoes, Jobs said at a meeting of the new building would prevent 12,000 people, and even your house plant.Apple stream of green energy? The current headquarters is only about 2,800 people, said Jobs, according to a report posted by a YouTube video of their live.? We? I almost 12,000 people in the area? He said the Cupertino. ? So are we? Re lease the buildings? Buildings are not very good, either? increasing the radius of our campus and we? re put the people. And it? Obviously, we need to build a new university.? The new facility, such as Apple’s built-in set is about 150 hectares, the tech giant, which owns the street, said the current headquarters.Jobs Apple? The plan would involve demolition of buildings now on the ground and the construction of a new ring-shaped building had four floors, four-floor parking underneath.In process, the project would increase the landscaping area of ​​about 80%, only about 20% of trees, plants and grass now he said.On Monday, Jobs on stage in San Francisco, which Apple? icloud new service with the company? ‘S Worldwide Developers Conference. Public appearances this week as the two jobs are rare this year, Apple’s founder has been a medical leave since January. He also announced the second iPhone March at the Apple event.? It? There is a bit like a spaceship landed on? Jobs said it planned to install. ? It? There is a circle, and so on? S bend all the way around. As you know, if you build things, it’s not the cheapest way to build something. There is? It is not a straight piece of glass in that building, then? All bent.? And we? Have used our experience in making retail stores all over the world today, and we know how the pieces of glass for architectural use in the world.? The proposed campus would not be? trust in Cupertino? s energy into electrical energy. Instead of going on-site power in half.? I think we are? You go to the end, the energy center of our primary energy source because we can produce energy with natural gas and other cleaner and cheaper ways to use the network, and if we backup? Jobs said. ? We think it makes more sense.? The Mayor Gilbert Wong said in a statement that Cupertino is happy that Apple is moving to a new campus, the idea of ​​the former city of the 2006th? If Apple puts his plans later this year, we know we look at the state-of-the-art facilities and all the challenges and opportunities that go with it? Wong said.The new Apple campus review process is the same as any other construction project in which environmental impact assessment, air quality, traffic and other issues, he said.? The project will the city council for approval in autumn 2012? Wong said. ? Once approved, Apple may be building. Construction will follow and Apple and wait for the new urban university completed the 2015th

Fisher Capital Management News: Steve Jobs pitches new Apple 'spaceship' campus to Cupertino City Council

http://www.1888pressrelease.com/fisher-capital-management-news-steve-jobs-pitches-new-apple-pr-317226.html

(1888PressRelease) July 09, 2011 - Apple CEO Steve Jobs revealed plans for a new headquarters for the company that "looks a little like a spaceship" at a City Council meeting in Cupertino, Calif., on Tuesday.

In his trademark black turtleneck, jeans and gray New Balance running shoes, Jobs said at the meeting the new building would hold 12,000 employees, and even house its own green-energy power plant.
Apple's current headquarters can only hold about 2,800 people, Jobs said, according to a YouTube video of his presentation posted by the council.

"We've got almost 12,000 people in the area," he said of Cupertino. "So we're renting buildings - not very good buildings, either - at an ever-greater radius from our campus and we're putting people in those. And it's clear that we need to build a new campus."

The new facility, as Apple envisions it, would be built on about 150 acres of land that the tech giant owns down the street from its current headquarters.

Jobs said Apple's plan would involve demolishing buildings now on the site and constructing a new ring-shaped building that would be four stories tall, with four floors of parking underneath.

In the process, the project would increase landscaping to make up about 80% of the site, which is only about 20% trees, plants and grass now, he said.

On Monday, Jobs was on stage in San Francisco, revealing Apple's new iCloud service at the company's Worldwide Developer Conference. Public appearances such as the two Jobs has made this week have been rare this year as the Apple co-founder has been on a leave of absence for medical concerns since January. He also announced the iPad 2 in March at an Apple event.

"It's a little like a spaceship landed," Jobs said of the planned facility. "It's a circle, and so it's curved all the way around. As you know if you build things, this is not the cheapest way to build something. There's not a straight piece of glass on this building, it's all curved.

"And we've used our experience in making retail buildings all over the world now, and we know how to make the biggest pieces of glass in the world for architectural use."

The proposed campus wouldn't rely on Cupertino's power grid for energy. Instead, it would run from an on-site power facility.

"I think what we're going to end up doing is making the energy center our primary source of power, because we can generate power with natural gas and other ways that can be cleaner and cheaper, and use the grid as our backup," Jobs said. "We think that makes more sense."

Mayor Gilbert Wong said in a statement that Cupertino is excited that Apple is moving forward with a new campus, an idea first mentioned to the city in 2006.

"When Apple submits their building plans later this year, we know that we will be looking at a state-of-the-art facility and all the challenges and opportunities that go along with that," Wong said.

The review process for the new Apple campus will be the same as any other construction project, with evaluations of environmental impacts, air quality, traffic and other matters, he said.

"The project will come to the City Council for approval in the fall of 2012," Wong said. "Following approval, Apple can submit building permits. Construction will follow, and Apple and the city expect the new campus to be completed by 2015."

Fisher Capital Management: Market Overview First Quarter: India

http://www.prlog.org/10702166-fisher-capital-management-market-overview-first-quarter-india.html

 

PRLog (Press Release) - May 27, 2010 - India is in a sweet spot. The central government budget which set the tone for reducing fiscal deficit and an unexpected increase in the policy rate to rein in inflation has convinced the markets and economists that India is on its way to having a robust economic growth. Industrial output also continued to grow at a fast pace in January as companies produced more cars and cement. In the fiscal year 2011 that ends in March 2011, GDP growth of 8.5% is achievable. Long-term predictions for the southwest monsoons are expected to be normal, giving a boost
to agricultural production and domestic demand.

Inflation in India has been surging, driven by a low base and high food prices as the weakest monsoon rains in 37 years last year hurt farm output. Inflation running at 8.5% may have peaked and it is expected to ease by April as the winter-sown crop comes to market. The year-on-year inflation rate for food articles was 16.22% in the week ending March 13, far above the comfortable zone for the central bank and the government. In order to manage the inflationary expectations, the central bank increased overnight lending and borrowing rates by 0.25 percentages point each, making it one of the first major central banks to raise rates. The central bank further announced that it would continue to roll back its loose monetary policy to manage prices, as the country can’t have sustained strong growth with high inflation.
We expect a 0.25-percentage-point rate hike in mid-April and another increase of one percentage point through March 2011.

Fisher Capital Management Korea News: The rebound in industrial activity also saw a surge in India’s exports for the third month running in January. Exports in January rose 11.5% from a year earlier to $14.34 billion, after having increased 9.3% to $14.61 billion in December. Imports increased 35.5% in January to $24.70 billion while oil imports rose by 56% to $7.05 billion. Non-oil imports, a barometer of investment activity, grew 28.8% to $17.65 billion.

On the back of robust economic numbers and policy pronouncements, the rating agency Standard & Poor’s raised its rating outlook to stable, expecting the fiscal situation to recover and growth to remain strong in the coming years. The government’s commitment to follow the recommendations of the 13th Finance Commission, as well as its move to reduce fertilizer subsidies and raise domestic fuel prices were taken as positive indicators. The country’s external position continues to be in a comfortable zone.

It is unlikely that India will benefit from the Google-China spat as the Indian government will not provide the kind of benefits China extends to the manufacturing sector in China. But some relocation is likely to emerge. For example, American companies GoDaddy and Dell have threatened to pull out of China and relocate themselves in India.

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Fisher Capital Management News: Hackers Broaden Their Attacks

http://fishercapitalmanagementnews.com/2011/05/fisher-capital-management-news-hackers-broaden-their-attacks/

By BEN WORTHEN, RUSSELL ADAMS, NATHAN HODGE and EVAN RAMSTAD

Hacking incidents at defense contractor Lockheed Martin Corp. and broadcaster PBS that surfaced over the past few days show how widespread corporate breaches have become and underline how any organization can become a victim.

Over the weekend, the website for the PBS show “NewsHour” was altered by hackers to include a fake article claiming that rapper Tupac Shakur, who was murdered 15 years ago, was alive in New Zealand. The hackers also posted login information that stations and other entities use to access PBS sites.

The incident followed a recent breach at Lockheed, which said Saturday evening that it had detected a “significant and tenacious attack” against its computer networks on May 21. The company said it stopped the attack before data could be stolen.

The attacks are the latest in a mushrooming of breaches world-wide. While hackers once generally had targeted companies that stored financial data or had classified government information, culprits today are expanding their sights to other corporate secrets or seeking information that can lead to valuable data down the line. Amateur hackers also are becoming increasingly brazen.

In recent months, hackers stole data from EMC Corp.’s RSA security unit, email marketer Epsilon Data Management LLC, two of South Korea’s largest banks and Sony Corp., where the breach temporarily hobbled its online PlayStation Network.

“Almost anyone is a target,” said Alex Stamos, chief technology officer at security firm iSEC Partners. Professional hackers now “have good tools and good technique and know how to string them together,” he said. Hackers also are getting better at identifying the soft spots in corporate defenses, he said.

So-called hactivists, who take revenge on companies for perceived slights, also have moved from simply knocking websites offline to stealing data. “There are enough people out there who aren’t worried about the consequences that they are willing to wage a sustained campaign against a global company,” Mr. Stamos said.

Corporate executives said they no longer can take a passive approach to cybersecurity. Ted Chung chief executive of Hyundai Card/Hyundai Capital Co., an auto finance provider in South Korea that was hacked in April, blamed himself for not paying enough attention to the importance of information-technology security.

“When it comes to big companies or big banks, no CEO is that stupid not to pay attention. But maybe they pay the same attention I did, which is giving encouragement and budget to IT but then saying ‘What do I know about programming?’ ” he said in an interview Monday. “That is the wrong support.”

The latest attacks demonstrate a diversity of motives. Those who attacked Hyundai Capital tried to extract ransom for a database they stole. With Epsilon, the hackers made off with email addresses that could be used to send “phishing” emails that trick recipients into disclosing personal information.

At RSA, the perpetrators stole data about security systems that the company sells to its clients. Alone, the data are worthless, security experts said, but they could be used to crack defenses used by other companies.

With PBS, a group identifying itself as LulzSec claimed credit for the fake article on Tupac Shakur, which the group said was retaliation for a documentary, “WikiSecrets,” about the publication of classified documents on the WikiLeaks website and the Army intelligence analyst who has been charged with leaking them. “By the way, #WikiSecrets s—,” a message to PBS said. While the attack was more akin to graffiti than burglary, it underscored the threats companies now face.

PBS on Monday said it had corrected the false information on its website and was “notifying stations and affected parties to advise them of the situation.”

The fake article first appeared late Sunday night on the PBS “NewsHour” news blog, “The Rundown.” The group then posted a string of Twitter messages in which it took credit for the breach, beginning with a post that read, “Oh s—, what happened to @PBS?” followed shortly after by the post, “What’s wrong with @PBS…? How come their database is seized? Why are passwords cracked?  .” The group then posted links to pages with the login information for the PBS sites.

Shortly after the story was published, PBS “NewsHour” posted several messages on Twitter stating that the article wasn’t produced by PBS and that the site had been hacked.

Separately, Lockheed said Saturday evening that the company’s information-security team detected its attack “almost immediately and took aggressive actions to protect all systems and data.”

“Our systems remain secure; no customer, program or employee personal data has been compromised,” the company said. Lockheed said it was conducting an investigation and that it “has continued to keep the appropriate U.S. government agencies informed of our actions.”

White House Press Secretary Jay Carney told reporters Sunday that President Barack Obama had been briefed on Lockheed attack and that the damage was understood as “fairly minimal.”

Still, that attack is likely to ripple throughout the defense industry. Lockheed supplies some of the most sophisticated weaponry to the U.S. military and is a major provider of information technology to the federal government. The company, based in Bethesda, Md., also is a top international supplier of military and security hardware, employing around 126,000 people world-wide.

Speculation around the Lockheed attack centered on whether hackers may have breached the system by exploiting a vulnerability in SecurID electronic keys made by RSA. In a memo to employees on Sunday, Lockheed Chief Information Officer Sondra Barbour said the company “took swift and deliberate actions” to step up security, including shutting down a virtual private network, resetting user passwords and upgrading SecurID tokens, among other measures.

In South Korea, prosecutors believe North Korea was behind an attack on a large farm cooperative, which couldn’t provide ATM, credit-card and online services for nearly a week after a system at its Seoul headquarters was accessed remotely. How law enforcement tracked the attack to North Korea wasn’t disclosed. But authorities said a link was made to the same Internet servers North Korea used in a 2010 denial-of-service attack against South Korean government websites. North Korea called the South’s accusation in the latest case “absurd” and “unreasonable.”

At Hyundai Capital, a pair of hackers in South Korea gained access to the company’s databases and downloaded personal information on 1.7 million customers. After the company contacted police, it agreed to pay part of what hackers sought. Police arrested the hackers after one was recorded by an ATM video camera as the hacker tried to withdraw some of the ransom. The company has since revamped its IT operation and begun an overhaul of its cybersecurity.

—Ian Sherr
contributed to this article.

Fisher Capital Management News: Fraud warning for craigslist users, scammers seek financial info

http://mgmtnews.fishercapitalmanagementnews.com/2011/06/fisher-capital-management-news-fraud-warning-for-craigslist-users-scammers-seek-financial-info/

Staff Reports

Posted: 06/10/2011 12:38:16 AM PDT

SACRAMENTO — A scam targeting users of craigslist continues to be reported to the Better Business Bureau of Northeast California.

The scam, first reported months ago, involves the intended target getting an email shortly after posting an ad with craigslist, the online classified advertisement website.

The person sending the email claims to be the CEO of craigslist and states the consumer has won a computer.

The scammer asks the target to go to a website, where personal financial information is required before the free computer can be claimed.

Officials said the emails are a blatant and somewhat clumsy attempt to commit identity theft.

Names usually associated with the emails, Amy Sanders and Angel Thompson, have no connection with craigslist.

People who feel they are being targeted by fraud should contact the BBB at 1-916-443-6668.

Fisher Capital Management News: Google Says Apple, Microsoft, Oracle Wage ‘Hostile Campaign’

http://mgmtnews.fishercapitalmanagementnews.com/2011/08/fisher-capital-management-news-google-says-apple-microsoft-oracle-wage-%E2%80%98hostile-campaign%E2%80%99/

By Douglas MacMillan

August 03, 2011, 9:10 PM EDT

(Updates with Microsoft comment in ninth paragraph.)

Aug. 3 (Bloomberg) — Google Inc. accused Microsoft Corp. and Oracle Corp. of waging a “hostile, organized campaign” against its Android mobile software, a sign of escalating tension in the technology industry’s patent war.

The company’s rivals are joining forces to purchase patents to keep them out of Google’s hands and taking other steps to make it more expensive for handset makers to use the Android operating system, David Drummond, chief legal officer at Mountain View, California-based Google, said in a blog posting.

“We thought it was important to speak out and make it clear that we’re determined to preserve Android as a competitive choice for consumers, by stopping those who are trying to strangle it,” Drummond wrote. Android’s success has resulted in a “hostile, organized campaign against Android by Microsoft, Oracle, Apple and other companies, waged through bogus patents.”

Apple, Microsoft and Google have ramped up spending on patent portfolios in recent months to gain exclusive rights to a broadening array of technology, much of it used in the emerging area of smartphones. As bidding intensifies, prices for patents are surging, fueling concerns that portfolios are overvalued. Oracle sued Google last year, accusing it of patent infringement over the use of Java technology used in Android.

“This patent scramble is a land rush for leverage — leverage over Google, for starters,” said Patrick Walravens, an analyst at JMP Securities. “The best defense in patent legislation is having a bunch of patents of your own.”

‘Patent Bubble’

A group that includes Apple and Microsoft beat out Google in June with a $4.5 billion bid for patents previously owned by Nortel Networks Corp. Rivals are “banding together” to purchase patents they in turn can use to charge fees that will make Android devices more expensive, Drummond said.

“This anti-competitive strategy is also escalating the cost of patents way beyond what they’re really worth,” Drummond wrote. “The law frowns on the accumulation of dubious patents for anti-competitive means — which means these deals are likely to draw regulatory scrutiny, and this patent bubble will pop.”

Drummond also cited Microsoft and Apple working together to acquire Novell Inc.’s patent portfolio as an example of the campaign against Google. Microsoft General Counsel Brad Smith denied that allegation, saying his company asked Google to participate in the bid.

‘They Said No’

“Google says we bought Novell patents to keep them from Google,” Smith said in a message on Twitter. “Really? We asked them to bid jointly with us. They said no.”

The U.S. Justice Department is examining the Nortel deal to see whether it hurts competition in the smartphone industry, a person familiar with the matter has said. If the Justice Department doesn’t challenge the transaction, the winning bidders will control more than 6,000 patents and applications that cover wireless technologies.

Steve Dowling, a spokesman for Cupertino, California-based Apple, and Deborah Hellinger, a spokeswoman for Redwood City, California-based Oracle, declined to comment. Tricia Payer, a spokeswoman for Redmond, Washington-based Microsoft, also declined to comment.

–With assistance from Cory Johnson, Adam Satariano and Aaron Ricadela in San Francisco and Dina Bass in Seattle. Editors: Tom Giles, Nick Turner

To contact the reporter on this story: Douglas Macmillan in New York at dmacmillan3@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net