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Once more, into the bubble?

April 30, 2004 by Scott Rosenberg

With Google’s IPO filing Silicon Valley is crossing its fingers, praying that the event marks one of those epochal turns of the boom/bust cycle (like Netscape’s 1995 public offering) signalling a new technology-industry bonanza. Never mind the destructive consequences of the last turn of this wheel; everybody strap on your belts and jump on for another wild ride — after all, maybe you, too, will get rich!

I love using Google; I’m still proud to have been among the first technology writers to recommend it to my readers, back in late 1998, and for a long time I got e-mail from people thanking me for turning them on to it.

I’m also happy to see that Google has chosen to use a “Dutch auction” approach to pricing its IPO. Those of you with long memories may recall that Salon used a similar method in its 1999 IPO. (A Dutch auction IPO allows the stock offering’s price to be set by a complex but fair market process rather than by bankers sitting in a closed room trying to figure out how to price the stock so as to best enrich their pals.)

Google is a wildly different company from ours in many ways — and a lot more successful as a business! But the basic arguments they cite for the Dutch auction — the desire to level the playing field, to give small investors a chance to participate, and to avoid the sort of cronyism that gave boom-era IPOs a bad name once the market turned south — are the same ones that persuaded us to go that route five years ago. Salon took a lot of brickbats for the choice back then, so it’s nice to receive this kind of after-the-fact endorsement of our decision from such a significant player.

All that said, I’m kind of amazed at how eagerly some corners of the Valley seem to be anticipating a return to boom-era insanity. I’m crossing my fingers, too — praying that a successful Google IPO, which I certainly think it deserves, doesn’t spark a new round of stupid investments and “we’ll figure out the business model later” startups.

In the ’90s, many people had the excuse of youth and inexperience — they were building their first companies, and they’d never experienced a downturn. Today, the scars of the bust are still fresh. No one can plead ignorance. If we fail to make smart choices and build sustainable businesses that can support innovation rather than fuel get-rich-quick dreams, we have no one else to blame. Certainly not Google.

Filed Under: Business, Technology

Service broken record

April 28, 2004 by Scott Rosenberg

Wesley Clark fires back at the Republican campaign to discredit Kerry’s war record, most recently highlighted by Dick Cheney’s speech at Westminster College (where Winston Churchill gave his famous “Iron Curtain” speech) attacking Kerry’s record in national security.

Meanwhile, Bush ads featuring a “disappearing act” with tanks and aircraft suggest that Kerry’s votes on some military spending bills mean that he wanted to leave the U.S. defenseless.

Clark writes: “After risking his life in Vietnam to save others, John Kerry earned the right to speak out against a war he believed was wrong. Make no mistake: it is that bravery these Republicans are now attacking. Although President Bush has not engaged personally in such accusations, he has done nothing to stop others from making them. I believe those who didn’t serve, or didn’t show up for service, should have the decency to respect those who did serve.”

Here’s the scene, then: A president who pulled family strings to get a berth in the Texas Air National Guard, and then couldn’t even show up for that cushy job, sends out a vice president who won multiple draft deferments and candidly admits he had “other priorities” more important than fighting under U.S. colors, to attack the “judgment” of a Democratic candidate who both fought for his country and had the guts to turn against the war when its folly became evident.

Observing all this, I see real judgment on one side — and outrageous chutzpah on the other.

Filed Under: Politics

Heartbreaker

April 27, 2004 by Scott Rosenberg

As an overview of everything that has gone wrong with the Bush administration’s Iraq venture, Peter Galbraith’s New York Review of Books piece — “How to Get Out of Iraq” — makes for a captivating read: dispassionate and clear, informed by personal experience but not visibly settling quarrels, it’s a sobering and saddening account of all the lost opportunities and botched enterprises that are now coming home to roost for us in Iraq. All Americans, those who supported and those who opposed Bush’s “war of choice,” are now stuck with a losing hand. Throwing Bush out of office in November might help reboot some of the processes his administration has trashed, like our foundering international alliances; but it can’t turn the clock back in Iraq, where, as Galbraith outlines, we have set the stage for a disastrous civil war.

Meanwhile, bizarrely and appallingly, the president keeps gleefully throwing away what few cards we have left. Arabs don’t trust us? Hey, it’s the perfect time to tell Israel that those West Bank settlements are okay, after all, never mind what our diplomatic position has been all these decades!

Filed Under: Politics

Missing CFP

April 23, 2004 by Scott Rosenberg

I was at another conference most of this week and am thus missing this year’s Computers, Freedom and Privacy conference, right here in Berkeley. So I’m glad that Bruce Umbaugh and Wendy Grossman are blogging it here, with interesting stuff about electronic voting machine issues, the ethics of technology transfer, computerized credit scoring and more.

Filed Under: Events

Notes from under the Wasatch

April 20, 2004 by Scott Rosenberg

I’m here in Salt Lake City, learning about how the U.S. military — and its contractors — do software.

My network access is sporadic so I’m a little behind the curve.

But I note a handful of things:

Mitch Kapor’s reflections on the Internet-driven Korean election.

“More than 70% of people would reveal their computer password in exchange for a bar of chocolate, a survey has found.” (Via Slashdot)

At dinner last night I discovered that there is good beer in Utah.

Filed Under: Events, Personal, Software

Travel plans

April 14, 2004 by Scott Rosenberg

Public Knowledge has a fundraiser planned for next Wednesday, April 21. More details here. The group is celebrating those technology companies who have taken a stand against the Broadcast Flag, publicizing the FCC’s upcoming proceedings that will set rules for software-defined radio, and generally throwing a party.

I’d be there myself but will be traveling next week — I’m off Monday to the Systems and Software Technology Conference, a conclave about military software development, to learn more about that part of the programming universe.

Filed Under: Events, Personal

There is beauty everywhere…

April 14, 2004 by Scott Rosenberg

…Even in Windows system noises. [link courtesy the amazing Metafilter]

Filed Under: Culture, Technology

Double life

April 14, 2004 by Scott Rosenberg

It is now about two weeks since I have begun splitting my time between work here at Salon and work on my book, and I’m still trying to regain my balance! I have shelves of books to read, and mountains of notes to organize, and piles of research to do. There seem to be several people out there who are able to keep up a prodigious blogging output while also working on a book project. So far I don’t seem to be among them.

Filed Under: Dreaming in Code, Personal

Fiona Morgan’s articles

April 14, 2004 by Scott Rosenberg

Fiona Morgan used to work here at Salon on our news team; now she’s doing good work at the Durham Independent: Check out this piece on the conservative smear campaign against the group September 11th Families for Peaceful Tomorrows, or Fiona’s earlier opus on the copyright wars.

Filed Under: People, Salon

It’s Condi-tional

April 9, 2004 by Scott Rosenberg

Two comments on Rice’s testimony worth noting: Brad DeLong excerpts the passage in which our national security adviser declares that a memo titled “Bin Laden Determined To Attack Inside the United States” did “not, in fact, warn of any coming attacks inside the United States.” This is the memo that the Bush administration has steadfastly refused to declassify.

And Gary Wolf dives into the thicket of Rice’s multiple-passive-voiced, conditional-subjunctive avoidance mechanisms to try to untangle her evasions. What Rice said: “If there was any reason to believe that I needed to do something… I would have been expected to be asked to do it.” What emerges from Wolf’s “Double Whammer Grammer Jammer”: “If I needed to do something, somebody would have asked.”

As Wolf says: “After this reformulation, no further clarifications are possible without altering the meaning. The passivity of the statement is no longer an artifact of awkward grammar, but an expression of Dr. Rice’s state of mind. She did not take action because she was not asked. This is exactly the passivity that Richard Clark complains of in his book.”

Filed Under: Politics

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