The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

facebook is proof we have a Problem

July1

Preamble:

Long before the dawn hours I saw the encrypted email with the news blink into existence on my “other” laptop, and I could barely believe my eyes, and stifle a laugh:

…BONO IS BUYING A BIGGER STAKE IN FACEBOOK. THE DEAL HAPPENS TUESDAY.

As a father of a thirteen-year-old girl, I have many issues with Facebook. Mind, you the site represents many opportunities for character to be both tested and proven. But, it more often than not creates more problems than shining moments for kids mis-communicating through poorly monitored social media. I have a Facebook page, myself. But, I don’t use it; and, I don’t accept friends on it – to make a point.

I’ve addressed concerns over Facebook before. You can ponder that, here.

Hmmm. Maybe a few of you hold-outs might not know about this Facebook. So, here is a training video:

In any event… Now we have additional proof that Facebook defines poor decision-making and obfuscates reality.

It’s true… Irish rocker BONO thinks he can cash-in on the popularity of social networking website by investing money into Facebook.com. It’s inconceivable to me, but he U2 frontman has nearly doubled a prior investment in the company.

Bono, with managers at his California-based private-equity business Elevation Partners have ploughed £80 million ($120 million) into the privately-held site. This brings their total investment in Facebook to a stupendous £140 million ($210 million).

NOTE: According to a letter to investors published by the TechCrunch blog, Elevation managers were able to buy shares from insiders on the secondary market.

This would reasonably indicate that people who know what’s happening inside Facebook were eager to dump shares into the lap of a misinformed entertainer that can now add inadvertent comedian to his repetoire.

Look… BONO has been dubbed: “the face of fusion philanthropy”. We need him for that. And, I genuinely enjoy and value U2 both as musicians and environmental evangelists. But, I don’t like or value his political ranting (but, I’ll suffer it for a U2 concert). And, I’ll never follow their financial sense.

Analysts that I’ve spoken to about this (okay, that alerted me to the situation) say that the deal could actually be the start of an investment turnaround for the rocker. But, I seriously doubt it. BONO and his, otherwise, Motley Crew, also backed troubled cellphone maker Palm Inc. back in 2008. They dropped nearly  £312.5 million ($500 million) into the debt-riddled firm, known as the the maker of Treo and Centro smart phones. Shortly after that (days in fact) the stock shares plummeted (I knew about the investment, but I didn’t short the stock – I swear!). This won him the dishonour of being named “Worst Investor in America” by Financial Journal 24/7 off Wall Street earlier this year (10).

Editors highlighted “an unprecedented string of disastrous investments which even bad luck could not explain” as the reason for choosing Bono, adding that Elevation Partners is: “arguably the worst run institutional fund of any size in the United States”.

So, Facebook is a challenge for me as a Dad. Its also a yoke for poor BONO, and an abyss for hapless investors that should know better than to follow investment advice from an Irishman with a chip on his shoulder.

For the rest of the day I’ll be listening to: Sunday Bloody Sunday.

Peace be to my Brothers and sisters.

Brian Patrick Cork


fooling smartphones

May4

Hearty and ferocious readers of this Blog know that I use (certainly experiment with) a lot of new technology.

As changes become more permanent, startups and ministries benefit by the transition as we gift them the hardly used equipment. This is a good opportunity to remind readers that we have a philanthropic organization – brian cork Philanthropic, with approximately $500,000 set aside for educational and social improvement initiatives. Contact me at: brian@unsinkablebriancork.com to nominate organizations and students.

In any event, most of you know that I’ve approved our organizational use of the Google Nexus One (Android platform). This will supplant, short or long-term our use of the Apple iPhone. NOTE: The Nexus One is a GSM device and is not compatible with CDMA networks such as Verizon and Sprint. We’ve used AT&T for years. T-Mobile thought they had an exclusive for the Nexus One. But… We cheated. We picked up several of the unlocked handsets, dropped-in our AT&T SIMs cards, and we are in-motion and waxing productive. I can’t come up with anything positive to offer around T-Mobile other than thanking them for making it so easy to get what I want – elsewhere.

In any event…

There are two versions of the current Nexus One device. Both versions support four GSM radio frequencies (850/900/1800/1900), but the supported 3G/UMTS bands will differ depending on the version selected. When ordering (you can try that, here), you’ll be able to select either of the following devices:

  • 3G coverage on networks that use the 850 MHz, 1900 MHz, and 2100 MHz frequency bands (recommended for use on AT&T in the US); and/ or,
  • 3G coverage on networks that use the 900 MHz, AWS, and 2100 MHz frequency bands (recommended for use on T-Mobile in the US)

In addition, it should be noted that the Nexus One will deliver 2G/EDGE speeds on GSM networks and also supports WiFi. The latter being critical if you’ve picked up Apple iPad and like the idea of the Mobile Hot-Spot capability (we do).

These cover most major GSM mobile providers worldwide; however, if you’re unsure of the bands supported by your mobile service provider, please contact your provider directly prior to purchase.

Also remember that voice and data coverage, including both 2G/EDGE and 3G coverage, are dependent on your specific mobile carrier’s network and coverage areas. For example, it’s almost impossible to even make a cellular telephone call in the San Francisco Bay area. So, having access to WiFi (think SKYPE) is an emerging requirement to engage in meaningful business. Check with your mobile carrier about the availability of voice and data services in your area.

See? I helped you – all of you, again.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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