December 28, 2012

Tech Investors Don't Know When to Fold 'Em

Forgione & Leske, Reuters

AP Photo

When Hewlett-Packard Co agreed to buy British software company Autonomy in August last year for $11.1 billion, two well-known investors made diametrically different bets on how the big deal would play out. To short seller Jim Chanos, who had been raising red flags on Autonomy for years and had started shorting shares of HP in 2011, the deal was another nail in the coffin of the Silicon Valley tech giant, according to a source familiar with his thinking.

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TAGGED: technology


December 26, 2012
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Modern society is massively complex. We like to pretend that our mastery of tools and technology has made life easier or better, but in actuality it has never been harder to simply live life.Above all else, tools and... more ››
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December 26, 2012
How We Think about Technology
Alexis Madrigal, The Atlantic