Archive for the ‘Companies that SUCK’Category

GM to abort SAAB

Breaking News- According to Bloomberg- I just learned that- due to the fact that the Stryker deal fell through- GM will be dissolving Saab altogether.  This sucks and is indicative of how hard GM sucks altogether.  Seriously- first Hummer- now Saab?!  Evidently those that begged and pleaded to our representatives less than a year ago- dont realize that the Saab and Hummer brands were the best cars they had.  Saab and Hummer- coincidentally, were not manufactured in the US by the proletarian unionists that killed the once premium automaker altogether.

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Another commom example of how Marketing People are so fucking stupid.

Here is another example of something I hate. Fucking add banners. I mean really does anyone click on them and if so- how many conversions are there. this is why I don’t bother to host such bull shit on this site- unless it is syndicated. And yes=- being the worlds leading provider of aggravated content- this sometimes happens, However- not when I can help it. Usually I will drop any other source that will place that on my site.

Ok- granted this is getting too long so I will sum it up as most of you are too retarded to pay attention to more than a paragraph any damn way.

Now that I stopped smoking and stopped taking ritalyn. I have been eating like a fat black bitch- a lot! I don’t want to wind up on you tube singing sitting on the toilet- so without further due- I came across an add about losing 3 ibs a day- (not that that is a a problem for me at this time) about being a fatso. I guess in this case a fat gullible fatso.

wHATEVS- i clicked on the banner that said exactly what I wrote above- lose 3ibs a day folloiwng this bull shit method. then I click on it and its a video that stretches on that same sentence for a minute and a half. it does not tell you how- unless you add your credit card. good luck you fat fucking marketing cunt that added that bull shit video. pardon the white trash linguistics on this end.

-hambone

dti- document technologies inc SUCKS!

Heres an analogy- say you get called by a restaurant (obviously the restaurant has shitty marketing other wise you would have heard of it). Anyway- say you get contacted one way or another about this premium best of the best restaurant that is supposedly just as good or better than the fine restaurant you and your network have come to rely on and trust. Ok you got a call out of the blue from a server- that is without a doubt excellent- so excellent she got you to come in. Forget that- say the waiter not only got you to come in, but got you to come in with others in your professional network that you have worked hard to establish mutual trust and respect with. anyway- you then call them and take them out to lunch.

You get to the restaurant and its a shit hole. LEts say- if you live in Manhattan its in the 30’s OR DIRTY 30′S (cheapest rent). thats your first sign. anyway- your not a snob so you go through with your order anyway. You order the Prime Rib and the waiter- who normally would have a food runner brings you out a cold, but burnt grilled cheese sandwich. Disappointed- correct.

Yes- uhm ok what the fuck am I talking about. DTI is like that restuarant. They hire decent sales people that lose all credibility by bringing out a shitty product. DTI over promises and under delievers. This was at least the case in 2005 when the place was run by total incompetant douche bags like Eric Toder and Scott heon. Scott Heon is a little fag and I would probably kick the shit out of him if I ever saw him. Then again- I no longer go down to shitty areas of town (in New York of DC).

I will burn more of that bridge in just a second. but what else- they learn as they go. this is also becasue they operate on a shoe string budget and can’t employ a solid group of production staff- (also a threat to confidentiality).

Even simple photocopying jobs they fuck up. pages missing etc….

What else- the delivery guys are pretty ghetto.

the thing that sucks about the management- you just cant triust it. when your hired- you are blatently lied to about capacity. I was actually interviewed at a starbucks, because the manager was discusted with his own office and Knew a guy like me wouldn’t want to work there or would tell other people. Regardless- that manager left before I even started. that was the first warning sign. This scarred me- I hadn’t been able to trust any managers for a very long time.

Never the less- the issue that really pissed me off from a sales standpoint anyway- was my loss of credibility with customers. First off, I looked like an idiot for bringing back crap and I also looked like crap while bringing back- crap. I was unable to get a CSR the majority of the time to help me deliver documents to law firms. I would then have to push a dolly with boxes of litigation through midtown traffic from the dirty thirties to the 50’s- where my “clients” were located. Of course I could not have been possibly taken seriously- as an equal anyway while sweating like a fag eating a hot dog. and I wore Brooks Brothers suits and Allen Edmonds shoes. God For bid- I put a polo on.

are you still reading this- because I’m sick of typing this. Ok I’m going to stop now.

feed me

RSS- its a beautiful thing.  I can basically talk a bunch of shit and have my readers syndicate my content.  I love it.  this also means that I can syndicate the content of others.  this also means that blogs can be put together- where the creator actually does nothing- unlike myself of course.  For those of you that want to be syndicated- don’t use feed blat diddy blat blat blat burner.

Iron mike hamilton

08

11 2009

Linkedin SUCKS!

Linkedin sucks!

This is why. First of all- its always a good practice to be skeptical of any online service in that- if its online and its a service- its a safe to say that it will most likely add your contact information to some sort of list that will later be sold off to some behind the curve quaisi ‘email marketing firm’ or in other words a firm that specializes in sending you spam- or a bunch of messages for products and services that your really don’t need. as a result- your inbox gets flooded with pages and pages of messages of the sort. The majority of which wind up in your contact list, but really what do you care as it is an expendable account anyway- right? yes- right! please try to pay attention! Linkedin, like all members of the new class of spam that I call ’social networking’- pulls all your contacts from your email. Seeing that when I subscribed to linkedin like 2 years ago and when I did- I did so with my hotmail account- like I really need to be sold time shares or penis pills on my corporate blackberry- as a result, it pulled a bunch of bS contacts from that account- sent them a message from me- that I did not authorize and then had the audacity to tell me that I would have to monetarily subscribe to their service if I wanted to actually contact anybody on their network. Evidently- a certain number of contacts that Linkedin reached out to on myu behalf- under my name- either ignored the message, bounced it back, or simply replied that they did not no “this person”- me.

thats one reason the site sucks. the other- its really only over embellished profiles of people with mediocre jobs that really cant do anything to help you along in your career. Its really just a site over-saturated with bullshit sales people and job recruiters.

26

10 2009

American Express: Absolute F–king Morons

American Express has got to be one of the worst run companies around.

For the past few years I’ve used an AMEX Corporate Platinum card and have always paid my bill in full on time (usually pretty early). I recently decided that it would behoove me to get a card that reports to my personal credit due to our country’s retarded credit system – you know, the one that exclusively deems people with large debts worthy of acquiring even more debt while screwing over responsible people like myself who actually purchase only what they can afford (more on this in a future post). Anyhow, I applied for and received a shiny new American Express Gold Card. So far, so good.

So, like the responsible person that I am, I spent a couple of hours switching over my many, many auto billed services to my new card. Well, after a day or two of minimal use, I get my first declined charge. I immediately called the bold faced liars at American Express and, believe it or not, they tell me that they want to verify me via a conference call with my bank. A bit confused, I say ok and tell them they could call my main bank; however, after a few minutes on hold, the rep tells me that the bank is closed and we would need to wait until the following day (and the card would be blocked until then). I suggest they try another bank where I have accounts and, after a few more minutes on hold, I am told that everything checks out and that the card would start working again.

The next morning, I get a call from American Express stating that they are putting a hold on my account and that they need me to fill out a form allowing them to receive my IRS information. Mind you, I personally spend close to $10,000 a month on my other card and pay it in full each and every month. A quick review of my charges and the source of my payments would quickly tell them everything they need to know. Nonetheless, I fill out the form and send it back to them within an hour.

A few days have passed and my account, still being on hold, begins rejecting the automatic charges I’ve setup even though many of those charges are tiny and amount to under $20. What a pain in the ASS!!! Naturally, I have to ask who in the right mind would think it is a good idea to send someone a card and then try verifying information? No wonder they needed $3.5 Billion in taxpayer funds plus untold billions more in TALF and shady Federal Reserve programs.

All I can say is that at this point I think I will be cancelling both my cards and really wish I had the balls to just not pay them (but I’m going to). My advice to others is to simply AVOID THE IDIOTS AT AMERICAN EXPRESS.

.

23

10 2009

Rajaratnam Posts Manhattan Apartment as Bond Security (Update2) – Bloomberg.com

By David Glovin

Oct. 22 (Bloomberg) — Sri Lankan billionaire Raj Rajaratnam today returned to Manhattan federal court, where he faces charges of trading on inside information, to post his Manhattan apartment as security for a $100 million bail bond.

Rajaratnam was among six people charged on Oct. 16 in a $20 million insider trading scheme that federal prosecutors called the biggest ever involving hedge funds. He was freed by a magistrate judge on a $100 million bond, of which $20 million had to be guaranteed. He and his lawyer today filed a document offering his apartment at 60 Sutton Place South in Manhattan as security.

Rajaratnam and his lawyer, James Walden, didn’t comment as they left the courthouse in lower Manhattan for a waiting vehicle. Today was the deadline for him to post the guarantee. Rajaratnam, the founder of the Galleon Group hedge fund, has denied wrongdoing.

The apartment building on Manhattan’s East Side overlooks the East River. Condominium units are for sale in the building at an average price of $846 a square foot, according to the web sitestreeteasy.com. Active listings in the building range from $95,000 to $2.2 million.

Prosecutors said the case is the first in which wiretaps were used to target insider trading, signaling the government will now use the same tools against Wall Street that it employs in organized crime and drug cases.

Hedge Fund

Galleon, which started as a hedge fund firm focusing on technology and health-care stocks, grew to more than $5 billion in 2001 from its start in January 1997. Rajaratnam founded Galleon with three other colleagues from Needham & Co., an investment bank that focused on technology and health-care companies.

Galleon Management, the company’s advisory business, oversaw more than $2.6 billion at the end of March, mostly on behalf of hedge funds, according to regulatory filings it submitted to the SEC at the time. Rajaratnam held a 50 percent to 75 percent controlling stake in the advisory business, the documents show.

Prosecutors had asked that Rajaratnam be held in jail pending his trial because he may flee. A judge denied the request and instead set bail at a $100 million bond, which had to be secured by $20 million in cash or property.

The case is U.S. v. Rajaratnam, 09-02306, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporters on this story: David Glovin in New York federal court at dglovin@bloomberg.net.

Last Updated: October 22, 2009 14:55 EDT

Rajaratnam Posts Manhattan Apartment as Bond Security (Update2) – Bloomberg.com.

23

10 2009

Galleon SEC, FBI Informant Roomy Khan Worked at Intel (Update1) – Bloomberg.com

By Katherine Burton and Saijel Kishann

Oct. 22 (Bloomberg) – Roomy Khan, the informant who is cooperating with prosecutors in the insider-trading case against Galleon Group LLC co-founder Raj Rajaratnam, previously worked at Intel Corp., according to two people who know her.

Information provided by Khan was central to the investigation that led to the arrests of six people, according to a person familiar with the probe, who asked not to be identified because Khan’s name wasn’t disclosed by the government. Khan’s link to Intel is significant because it shows that Rajaratnam may have had more than one inside source at the Santa Clara, California-based semiconductor maker.

Khan, identified by a U.S. Securities and Exchange Commissioncomplaint as “Tipper A,” is a hedge-fund manager who worked for Galleon in the 1990s and sought to rejoin Rajaratnam in late 2005 when facing financial difficulties, according to the agency’s complaint. The Wall Street Journal first reported Khan’s identity yesterday. Khan is identified in the criminal case as “CW,” for cooperating witness.

The cooperating witness began helping the Federal Bureau of Investigation in November 2007 in its inside trading probe in the hope of receiving a reduced sentence, according to court documents. She agreed to plead guilty to charges of conspiracy and securities fraud.

Khan, who in May sold her house in Atherton, California, couldn’t be located. Chuck Mulloy, an Intel spokesman, declined to comment on whether she was ever an employee.

Rajaratnam Liquidating Funds

Rajaratnam, charged Oct. 16 by federal prosecutors with conspiracy and securities fraud, yesterday said he will liquidate his hedge funds, which managed about $3.7 billion. The billionaire also said he is innocent of the charges. New York- based Galleon has been approached by potential buyers of the company and some of its assets, according to a person familiar with the firm.

Rajaratnam is free on $100 million bond. He appeared in federal court in New York with his lawyer today, to post his Manhattan apartment as security for the bond.

The SEC complaint against Rajaratnam alleges he asked the informant if she had inside information about any public company. The witness promised to get access to information on Polycom Inc., a Pleasanton, California-based maker of videoconferencing systems. The two traded shares of Polycom many times, as well as shares of Google Inc. andHilton Hotels Corp. where the informant got inside information, according to the complaint.

Intel Capital

Rajaratnam received tips on Intel, the world’s biggest chipmaker, from Rajiv Goel, director of strategic investments at its Intel Capital unit, according to the SEC.

SEC spokesman Kevin Callahan, Galleon spokesman Dan Gagnierand Janice Oh, a spokeswoman for the U.S. attorney’s office in Manhattan, declined to comment.

Defense lawyers whose clients are recorded on wiretaps typically try to discredit the testimony of cooperating witnesses, according to Nathaniel Burney, a former Manhattan prosecutor who is now in private practice.

“Informants are usually people who are already in trouble,” said Burney, author of a continuing legal education lecture titled “Hope for Hopeless Cases: Defending Wiretaps and Tape Recordings.”

A good defense lawyer will try to convince jurors that the cooperating witness manipulated the defendant to make him seem guilty, Burney said.

‘Get Someone Else’

“The only thing they can do to help themselves is to get someone else in trouble,” he said.

Besides what court documents show about Khan seeking leniency from prosecutors for her cooperation, she’s also been a defendant in at least two civil cases.

In a lawsuit settled last month, a housekeeper for Khan and her husband said they had violated minimum wage laws. The lawsuit was settled after a judge said that Roomy and Sakhawat Khan had fabricated evidence.

In March 2008, the Khans’ maid, Vilma Serralta, 69, sued the couple for denying her “lawful wages,” according to a complaint filed in U.S. District Court in the Northern District of California.

In the four years Serralta worked for the Khans as a live- in maid, she was paid between $1,000 and $1,300 a month, for 14- hour days that involved cleaning their 9,000 square-foot house, providing childcare and cooking, according to the complaint. That’s roughly $3 an hour.

Khan and her husband were also sued in 2005 in New York byDeutsche Bank AG, Germany’s biggest bank, for failing to repay a promissory note. They were ordered to pay $103,750, according to a settlement filed in New York Supreme Court.

Home Hedge Fund

Khan, 50, was a portfolio manager at a stock hedge fund run out of the couple’s home, said a person who knows Khan. She and her husband bought the house in Atherton, California, the richest town in Silicon Valley, for $10.5 million in January 2000, according toZillow.com.

That same year, Silicon Storage Technology Inc. acquired Agate Semiconductor Inc., a company where Khan’s husband was president. Telephone calls trying to reach Sakhawat Khan through Silicon Storage weren’t answered.

The Khans sold the Atherton house in May for $9.4 million, according to Zillow.com. A new address and phone number weren’t available.

Junior Analyst

A key tip in the Rajaratnam case started with a junior analyst at Moody’s Investors Service, the Wall Street Journal reported yesterday.

The former analyst, Deep Shah, denied that he passed on any confidential information about Blackstone Group’s takeover of Hilton Hotels, which was cited in the Justice Department’s complaint, in exchange for money, the newspaper said.

Rajaratnam, who was born in Sri Lanka, was sued in New Jersey federal court today by a group of more than 30 victims and survivors of attacks by the Tamil Tigers, a separatist group. The victims claim Rajaratnam and his family foundation gave millions of dollars to the Tamil Relief Organization, which the U.S. Treasury Department in 2007 said was a front for the Tamil Tigers, designated by the U.S. as a terrorist organization.

To contact the reporters on this story: Katherine Burton in New York at kburton@bloomberg.netSaijel Kishan in New York atskishan@bloomberg.net.

Last Updated: October 22, 2009 18:26 EDT

Galleon SEC, FBI Informant Roomy Khan Worked at Intel (Update1) – Bloomberg.com.

23

10 2009

Galleon Cuts Indian Stakes, Sells Shares in Shriram (Update1) – Bloomberg.com

By Anoop Agrawal and Hemal Savai

Oct. 23 (Bloomberg) — Galleon Group LLC, whose co-founder Raj Rajaratnam faces insider-trading charges in the U.S., raised $453,150 reducing its investments in India, according to the National Stock Exchange.

New York-based Galleon sold 950,000 shares of engineering company Shriram EPC Ltd. at 223 rupees ($4.77) each to Indea Long Term Opportunities Master Fund, data from the National Stock Exchange shows. Galleon also holds shares in Pipavav Shipyards Ltd., an Indian shipbuilder that had its trading debut in Mumbai this month, and has a 7 percent stake in Edelweiss Capital Ltd., an Indian provider of financial services.

Galleon Group is exploring the sale of its unit in Asia among other options after founder Rajaratnam was charged last week by U.S. federal prosecutors with insider trading, a person familiar with the matter said yesterday. Galleon, which managed about $3.7 billion, opened its Asian headquarters in Singapore last year. Rajaratnam has said he’s innocent of the charges.

Pipavav Shipyards’ Web site lists among its shareholders Galleon Special Opportunities Master Fund, SPC Ltd. – Galleon Asian Crossover Segregated Portfolio.

Balaji Vaidyanathan, a spokesman at Edelweiss Capital Ltd. in Mumbai did not immediately reply to an e-mail and telephone calls to his mobile phone. Pipavav Shipyard’s Chairman Nikhil Gandhi wasn’t available for comment by telephone and didn’t immediately respond to e-mailed questions about Galleon’s investment in the company.

Shriram climbed as much as 18 percent in Mumbai and traded at 255.6 rupees as of 10:53 a.m. local time, poised for its highest close in more than a year. Pipavav added as much as 2.4 percent and last traded at 56.25 rupees. Edelweiss advanced as much as 6.5 percent and last traded at 510.9 rupees.

To contact the reporter on this story: Anoop Agrawal in Mumbai ataagrawal8@bloomberg.netHemal Savai in Mumbai athsavai@bloomberg.net

Last Updated: October 23, 2009 02:13 EDT

Galleon Cuts Indian Stakes, Sells Shares in Shriram (Update1) – Bloomberg.com.

23

10 2009

Rajaratnam Said to Have Planned a Fund for Sri Lanka (Update1) – Bloomberg.com

Rajaratnam Said to Have Planned a Fund for Sri Lanka (Update1)

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By Netty Ismail

Oct. 23 (Bloomberg) – Raj Rajaratnam, the founder of Galleon Group, planned to gauge interest in a $200 million Sri Lanka fund with a trip to London before he was arrested, said two people with knowledge of the matter.

The Sri Lankan-born billionaire had planned to raise money for the fund by listing it on London’s Alternative Investment Market, one of the people said, asking not to be identified because the information is private. Dan Gagnier, a New York- based spokesman for Galleon, declined to comment.

The hedge-fund manager, who was also planning to put his own money into the fund, had arranged to meet bankers from Collins Stewart PLC and Rothschild on Oct. 19 to discuss the plan, the person said. Nick Miles, spokesman for Collins Stewart, and Louisa Leslie, spokeswoman for Rothschild in London, couldn’t immediately comment.

Authorities expedited plans to arrest Rajaratnam after learning he had bought a plane ticket to travel to London on Oct. 16, a person familiar with the matter said. Rajaratnam was one of six people arrested in New York that day for alleged insider trading, charges which he denies.

Rajaratnam had planned to start a fund that would invest in bonds, stocks, private equity and companies that were seeking initial public offerings in Sri Lanka, said the person familiar with the matter.

The New York-based hedge-fund manager in June bought a 20 percent stake in broking firm Lanka Orix Securities Pvt., now known as Capital Trust Securities Pvt.

Investor Inflow

Overseas investors are venturing into Sri Lanka as the government seeks to rebuild the economy after a 26-year civil war. The Sri Lankan army’s victory over the Liberation Tigers of Tamil Eelam in May prompted economists to boost growth forecasts and spurred a rally in stocks, making the island’s Colombo All- Share Index the best performer in Asia this year.

The benchmark gauge has gained 103 percent so far in 2009, heading for its best annual advance since 1991. The Sri Lankan currency has dropped 1.6 percent to 114.81 rupees a dollar, while bond yields have fallen about 800 basis points this year.

Leopard Capital LP, which manages a fund in Cambodia, plans to raise $100 million to invest in Sri Lanka, said Douglas Clayton, the firm’s Phnom Penh-based founder. Calamander Capital is seeking to pour $50 million to $75 million mainly into the country’s banks, rubber, coconut and tea businesses, said Roman Scott, managing director at the Singapore-based investment firm.

‘Low-Hanging Fruit’

“This is a war-distorted economy that is set to be rationalized,” Clayton said. “That leaves some low-hanging fruit for private equity to come in and build those missing sectors.”

Rajaratnam is one of Sri Lanka’s biggest investors, holding the second-largest stake in John Keells Holdings Plc, the nation’s biggest listed company. His funds also hold stakes in People’s Merchant Bank PlcDFCC Bank Ltd. and Commercial Bank of Ceylon Plc, data compiled by Bloomberg show.

Rajaratnam is free on a $100 million bail.

“I want to reiterate that I am innocent of all charges and will defend myself against these accusations with the same intensity and focus I have brought to managing investors’ capital,” Rajaratnam said in a letter to investors and employees this week. Galleon is exploring alternatives for the business, he said in the Oct. 21 letter. He will liquidate his hedge funds.

To contact the reporter on this story: Netty Ismail in Singaporenismail3@bloomberg.net.

Last Updated: October 23, 2009 08:01 EDT

Rajaratnam Said to Have Planned a Fund for Sri Lanka (Update1) – Bloomberg.com.

23

10 2009