December 2003 - Legacy - lists.gtalug.org

*Really* bad week for SCO
by joehill-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 09 Dec '03

09 Dec '03

On Mon, 08 Dec 2003 19:08:47 -0500 Byron Sonne <blsonne-bJEeYj9oJeDQT0dZR+AlfA at public.gmane.org> wrote: > >> BTW, my ma was telling me she's already seen the IBM Linux ad, gave 'er > >chills > > Yeah, it does have a spooky feel to it. > > Is this ad good or bad? Spooky can be a good feeling sometimes ;) I bet it's more than a *little* spooky for the fine folks at SCO and MS, :-D -- JoeHill ++ ICQ # 280779813 Registered Linux user #282046 Homepage: www.orderinchaos.org +++++++++++++++++++++++++++ "I'm even lethal when I'm unarmed, 'cuz I'm louder than a bomb!" -- Chuck D. -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Speaker Tommorrow Night
by joehill-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 09 Dec '03

09 Dec '03

On Mon, 08 Dec 2003 23:10:13 -0500 David J Patrick <davidjpatrick-rieW9WUcm8FFJ04o6PK0Fg at public.gmane.org> wrote: > It's an uphill battle getting this thing open on a shoestring budget. > For the last fifteen years I've been a filmmaker, and now I find myself > as restaurateur / entrepreneur. > (it's a long story) > Sun Tzu said "If you want an army to fight for you, burn the bridges > behind them" > Well, at the moment, I'm an army of one, and the smoke you see is > (mostly) bridges.. > .. i'm goin' in ! > are ya with me ? I swore I would never ever work in the food-service industry again, but I would gladly bus tables for slave wages in a place like that, as long as you occasionally undid my chains and let me play with the hardware. ...and I *promise* not to organize a union ;-) -- JoeHill ++ ICQ # 280779813 Registered Linux user #282046 Homepage: www.orderinchaos.org +++++++++++++++++++++++++++ "Where the state begins, individual liberty ceases, and vice versa." -- Bakunin -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Caffe Bickford
by davidjpatrick-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 08 Dec '03

08 Dec '03

Fred (or Fotios) Nastos wrote: >>A small neighborhood caffe, with coffee, panini and stuff. >>A website, a php jukebox and a WiFi access point (free with food) >>A handful of fixed terminals and laptops-for-rent. >>Point Of Sale, security systems and accounting >>all running as thin clients, on linux. >> >> > >Maybe I missed it, but what's the location??? > You didn't miss it, I didn't give it; it's on the corner of Harbord & Grace, opening soon .. er .. eventually; Caffe Bickford. -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Question about the meeting
by jzygmont-tEQKYFGiemxAYG7eUwYNkWD2FQJk+8+b＠public.gmane.org 08 Dec '03

08 Dec '03

I live fairly close to there, i'd recommend an hour to be on the safe side. On Mon, 8 Dec 2003, S P Arif Sahari Wibowo wrote: > On Mon, 8 Dec 2003, David J Patrick wrote: > >TTC to College & McCaul, then cut north into the University grounds.. > > .. ask a fresh faced student how to get to the Galbraith building. > > Anybody have some estimate on how long it tooks for TTC from Don Mills > Station? > > Thanks! > > -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Kiting: ( was *Really* bad week for SCO)
by glayng-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 08 Dec '03

08 Dec '03

That isn't precisely a kiting scheme, but it's pretty close. It's actually a computer fraud case. It depended on the technology of the time (the 1970's, I believe). He had a printer friend print cheques with the logo of the New York bank, but the bank identifier in the MICR code at the bottom was for a California bank. Those cheques went back and forth between the two Federal Reserve districts for months before the scheme was uncovered, by which time the perpetrator was long gone. Classic kiting is what brought down broker E.F. Hutton (remember their ads, "When E.F. Hutton speaks, people listen"?). This company was extremely old, dating back to before the 1907 California earthquake, and had a great reputation for honesty - at least until they got caught. It died ignominiously in the early 1980's. The guys running the scheme within the firm would scour the States for obscure little banks where the cheques would remain in the float as long as possible. It was quite the scandal at the time. His Lordship Mayhem -----Original Message----- From: owner-tlug-lxSQFCZeNF4 at public.gmane.org [mailto:owner-tlug at ss.org] On Behalf Of Peter Hiscocks Sent: Tuesday, December 09, 2003 12:04 AM To: tlug-lxSQFCZeNF4 at public.gmane.org Subject: Re: [TLUG]: Kiting: ( was *Really* bad week for SCO) I heard of one kiting scheme that was finally discovered when the magnetic ink on the cheque wore down to the point that it could no longer be read by the cheque-reading machines and had to be handled by a human. Apparently the cheque had been going back and forth across the continental US for several weeks before that happened. Peter On Mon, Dec 08, 2003 at 11:52:49PM -0500, Gary Layng wrote: > I think I can google something up, but for now: > - kiting is illegal. The scheme depends on how long it takes cheques to > clear the central clearing facility that all banks share. Imagine you have > two bank accounts with, say, $50 in each. You cut a cheque from your > account in Bank 1 for, say, $5 million, and deposit it into the account you > have in Bank 2. At the same time you also cut a cheque from the Bank 2 > account and deposit it into the account in Bank 1. When the cheques clear, > you have enough money to cover them. You get the interest on the $10 > million dollars you had for two-three days in the two accounts. > - Margin is perfectly legal. "On margin" means that you borrowed money > from your broker to buy shares. Typically the broker lends you up to about > 75% of the value of the shares. If the value of the shares drops 25% you > get a "margin call" and they can sell the shares. You're leveraging your > potential capital gains by borrowing the money, but it's quite dangerous. > > > His Lordship Mayhem > > -----Original Message----- > From: owner-tlug-lxSQFCZeNF4 at public.gmane.org [mailto:owner-tlug at ss.org] On Behalf Of Byron Sonne > Sent: Monday, December 08, 2003 7:30 PM > To: tlug-lxSQFCZeNF4 at public.gmane.org > Subject: Re: [TLUG]: *Really* bad week for SCO > > > its stock price may jump to $50, and if you hold -100 of them, you'll > > now have to pay $5000 to close out your position, and you're in the hole > big > > time. > > Does anyone have a link to a site or some docs that explain, to a putz > like me, what all this various financial wizardry is? > > I've seen shorting briefly explained here, but what about kiting, > selling on margin, etc, and various other techniques and scams? I'd like > to know but I don't have the inclination to read entire books about this > stuff, or become a CPA or something. > > Later, > B > -- > The Toronto Linux Users Group. Meetings: http://tlug.ss.org > TLUG requests: Linux topics, No HTML, wrap text below 80 columns > How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml > > -- > The Toronto Linux Users Group. Meetings: http://tlug.ss.org > TLUG requests: Linux topics, No HTML, wrap text below 80 columns > How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml -- Peter D. Hiscocks Department of Electrical and Computer Engineering Ryerson University, 350 Victoria Street, Toronto, Ontario, M5B 2K3, Canada Phone: (416) 979-5000 Ext 6109 Fax: (416) 979-5280 Email: phiscock-g851W1bGYuGnS0EtXVNi6w at public.gmane.org URL: http://www.ee.ryerson.ca/~phiscock -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Kiting: ( was *Really* bad week for SCO)
by phiscock-g851W1bGYuGnS0EtXVNi6w＠public.gmane.org 08 Dec '03

08 Dec '03

I heard of one kiting scheme that was finally discovered when the magnetic ink on the cheque wore down to the point that it could no longer be read by the cheque-reading machines and had to be handled by a human. Apparently the cheque had been going back and forth across the continental US for several weeks before that happened. Peter On Mon, Dec 08, 2003 at 11:52:49PM -0500, Gary Layng wrote: > I think I can google something up, but for now: > - kiting is illegal. The scheme depends on how long it takes cheques to > clear the central clearing facility that all banks share. Imagine you have > two bank accounts with, say, $50 in each. You cut a cheque from your > account in Bank 1 for, say, $5 million, and deposit it into the account you > have in Bank 2. At the same time you also cut a cheque from the Bank 2 > account and deposit it into the account in Bank 1. When the cheques clear, > you have enough money to cover them. You get the interest on the $10 > million dollars you had for two-three days in the two accounts. > - Margin is perfectly legal. "On margin" means that you borrowed money > from your broker to buy shares. Typically the broker lends you up to about > 75% of the value of the shares. If the value of the shares drops 25% you > get a "margin call" and they can sell the shares. You're leveraging your > potential capital gains by borrowing the money, but it's quite dangerous. > > > His Lordship Mayhem > > -----Original Message----- > From: owner-tlug-lxSQFCZeNF4 at public.gmane.org [mailto:owner-tlug at ss.org] On Behalf Of Byron Sonne > Sent: Monday, December 08, 2003 7:30 PM > To: tlug-lxSQFCZeNF4 at public.gmane.org > Subject: Re: [TLUG]: *Really* bad week for SCO > > > its stock price may jump to $50, and if you hold -100 of them, you'll > > now have to pay $5000 to close out your position, and you're in the hole > big > > time. > > Does anyone have a link to a site or some docs that explain, to a putz > like me, what all this various financial wizardry is? > > I've seen shorting briefly explained here, but what about kiting, > selling on margin, etc, and various other techniques and scams? I'd like > to know but I don't have the inclination to read entire books about this > stuff, or become a CPA or something. > > Later, > B > -- > The Toronto Linux Users Group. Meetings: http://tlug.ss.org > TLUG requests: Linux topics, No HTML, wrap text below 80 columns > How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml > > -- > The Toronto Linux Users Group. Meetings: http://tlug.ss.org > TLUG requests: Linux topics, No HTML, wrap text below 80 columns > How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml -- Peter D. Hiscocks Department of Electrical and Computer Engineering Ryerson University, 350 Victoria Street, Toronto, Ontario, M5B 2K3, Canada Phone: (416) 979-5000 Ext 6109 Fax: (416) 979-5280 Email: phiscock-g851W1bGYuGnS0EtXVNi6w at public.gmane.org URL: http://www.ee.ryerson.ca/~phiscock -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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*Really* bad week for SCO
by glayng-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 08 Dec '03

08 Dec '03

I think I can google something up, but for now: - kiting is illegal. The scheme depends on how long it takes cheques to clear the central clearing facility that all banks share. Imagine you have two bank accounts with, say, $50 in each. You cut a cheque from your account in Bank 1 for, say, $5 million, and deposit it into the account you have in Bank 2. At the same time you also cut a cheque from the Bank 2 account and deposit it into the account in Bank 1. When the cheques clear, you have enough money to cover them. You get the interest on the $10 million dollars you had for two-three days in the two accounts. - Margin is perfectly legal. "On margin" means that you borrowed money from your broker to buy shares. Typically the broker lends you up to about 75% of the value of the shares. If the value of the shares drops 25% you get a "margin call" and they can sell the shares. You're leveraging your potential capital gains by borrowing the money, but it's quite dangerous. His Lordship Mayhem -----Original Message----- From: owner-tlug-lxSQFCZeNF4 at public.gmane.org [mailto:owner-tlug at ss.org] On Behalf Of Byron Sonne Sent: Monday, December 08, 2003 7:30 PM To: tlug-lxSQFCZeNF4 at public.gmane.org Subject: Re: [TLUG]: *Really* bad week for SCO > its stock price may jump to $50, and if you hold -100 of them, you'll > now have to pay $5000 to close out your position, and you're in the hole big > time. Does anyone have a link to a site or some docs that explain, to a putz like me, what all this various financial wizardry is? I've seen shorting briefly explained here, but what about kiting, selling on margin, etc, and various other techniques and scams? I'd like to know but I don't have the inclination to read entire books about this stuff, or become a CPA or something. Later, B -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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*Really* bad week for SCO
by glayng-rieW9WUcm8FFJ04o6PK0Fg＠public.gmane.org 08 Dec '03

08 Dec '03

To short a stock, first you need to find a broker with shares you can borrow. You don't just go up to the broker and say, "I want to sell shares I don't even own!" (You theoretically CAN do a "naked short", that is, short without having the shares, but that is for truly sophisticated investors who are essentially their own brokers. I strongly suspect the typical investor in this mailing list doesn't fit that description - I know I don't.) Now, many people on the SCOX board on Yahoo have been indicating they're finding it tough to get SCOX shares to short. Part of the reason is that short interest on this sucker is very high already, at around 22%. Another thing to consider is the danger of a "short squeeze", where the stock is pumped up to the skies in an effort to force shorts to cover at a high price (forcing the stock price even higher). This is a low-volume, easily manipulated stock, which makes the risks of a short squeeze very high. It is a wonderful stock to STAY THE H*LL AWAY FROM. His Lordship Mayhem -----Original Message----- From: owner-tlug-lxSQFCZeNF4 at public.gmane.org [mailto:owner-tlug at ss.org] On Behalf Of Ian Goldberg Sent: Monday, December 08, 2003 7:12 PM To: tlug-lxSQFCZeNF4 at public.gmane.org Subject: Re: [TLUG]: *Really* bad week for SCO On Mon, Dec 08, 2003 at 05:33:16PM -0500, David J Patrick wrote: > That begs the question; are there any investment wizards in the group > who know how to "short" a stock and, thus" reap the reward for > predicting SCOs (and soon enough M$s) swan dive ? Shorting a stock is trivially easy. Just go to your friendly online broker website, and sell some. [Note: not all stocks are allowed to be shorted, but I don't think SCOX is one of them.] Shorting is nothing more than owning a negative number of shares of a stock. [Technically, owing a number of shares of a stock to some unspecified person, but you don't care who that person is.] When you sell 100 shares of SCOX at $15, you end up with $1500 and -100 shares of SCOX. If SCOX drops to $5, you buy back 100 shares of it for $500, and you've made a $1000 profit (and now have 0 shares of SCOX). But if instead, unbeknownst to everyone, SCOX has been using the lawsuit as a smokescreen to hide its super-secret research efforts into real-time widget operating systems, and announces the Best Thing Ever (TM), its stock price may jump to $50, and if you hold -100 of them, you'll now have to pay $5000 to close out your position, and you're in the hole big time. - Ian -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Speaker Tommorrow Night
by nastos-JAjqph6Yjy8fbXvGcxQkLSwD8/FfD2ys＠public.gmane.org 08 Dec '03

08 Dec '03

> A small neighborhood caffe, with coffee, panini and stuff. > A website, a php jukebox and a WiFi access point (free with food) > A handful of fixed terminals and laptops-for-rent. > Point Of Sale, security systems and accounting > all running as thin clients, on linux. Maybe I missed it, but what's the location??? -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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Speaker Tommorrow Night
by lists-jiQtrEI3vUxWk0Htik3J/w＠public.gmane.org 08 Dec '03

08 Dec '03

On Mon, 8 Dec 2003, David J Patrick wrote: >sysadmin 4 food ? espresssssso ?? Sounds good for me. :-) -- Stephan Paul Arif Sahari Wibowo _____ _____ _____ _____ /____ /____/ /____/ /____ _____/ / / / _____/ http://www.arifsaha.com/ -- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml

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