Showing posts with label intel. Show all posts
Showing posts with label intel. Show all posts

Monday, May 26, 2008

Hilarous business gaffes


Highlights from the "101 Dumbest Moments" in business:
7. High-tech toilets
Too bad nobody gave one of these to Chuck Prince
Japanese manufacturer Toto apologizes to customers and offers free repairs for 180,000 high-tech toilets - thrones that feature heated seats, air purifiers, blow dryers, and water sprayers - after at least three catch fire. "Fortunately nobody was using the toilets when the fire broke out," says a company spokesman. "The fire would have been just under your buttocks."
High-tech toilets
15. Bindeez
But officer, it was the Toy of the Year!
Australia's Toy of the Year, a bead toy called Bindeez made by Moose Enterprise, is pulled from stores after scientists discover that the beads contain a chemical that converts into the date-rape drug GHB when ingested. [was that China's fault?]
17. Cocaine energy drink
Quite a blow
After receiving a warning from the FDA, Redux Beverages agrees to stop calling its energy drink Cocaine. It changes the name first to Censored, then to NoName.
Cocaine energy drink
22. Co-op Funeralcare
That no-good Uncle Bertie is finally doing something useful
Co-op Funeralcare, a funeral home in Dunfermline, Scotland, says it is investigating reports that employees routinely used the cremains of the departed to keep passersby from slipping on icy sidewalks. "There's every chance people living nearby will have walked through the remains," an ex-employee says. "Some of them probably even inhaled them."
30. James Cayne
Remarkably, he has yet to be weeded out
In July, as Bear Stearns executives futilely attempt to prop up two hedge funds that ultimately collapse amid the subprime meltdown, CEO James Cayne spends ten of 21 workdays out of the office, playing golf and competing in a bridge tournament in Tennessee. According to The Wall Street Journal, his fellow bridge enthusiasts claim that Cayne sometimes smokes marijuana at the end of tournament sessions.
33. Oral B
And we just thought our wives were really into oral hygiene
Lawyers representing Procter & Gamble send a 66-page cease-and-desist letter to British sex-toy company Love Honey, demanding that it stop using images of its Oral B electric toothbrushes to promote a product called the Brush Bunny - a rabbit-shaped piece of plastic that slips over the top of an Oral B to turn it into a vibrator.
36. Best Buy
Let the Best Buyer beware
The state of Connecticut sues Best Buy for setting up in-store kiosks set to a website that looks identical to bestbuy.com but lists higher prices than those they would actually find online.
42. Pfizer
They had such high hopes
Predicting a blockbuster, Pfizer introduces the diabetes drug Exubera, a form of insulin inhaled through a tubular device. It's quickly dismissed as a "medicinal bong" by a prominent diabetic blogger, while the president of the American Diabetes Association, citing lung-function risks, says, "I see it as my job to talk people out of it." Pfizer quickly gives up on the product, taking a $2.8 billion write-off.
Pfizer
46. Johnson & Johnson
And if those guys in Rome don't stop using our logo, we'll nail them too
Johnson & Johnson sues the American Red Cross for infringement of its trademarked red cross. [where's the love?]
49. German screw factory
The red-light district in Amsterdam immediately closed
A worker in a German screw factory smuggles out 2,000 to 7,000 screws per night, ultimately stealing more than a million units. He sells the screws below cost on the Internet, artificially depressing the entire screw market.
50. The Defense Department
Makes you wonder what it would cost to ship a million German screws
Exploiting a flaw in a Defense Department purchasing system, South Carolina parts supplier C&D Distributors rakes in $20.5 million in shipping fees on just $68,000 in sales. The scheme is finally detected when a Pentagon clerk spots a $969,000 bill for shipping two 19-cent washers to an Army base in Texas. [I wonder how many other fleecings go undetected over there!]
51. Apple
One, two, three, four, we'll sue you if you send us more
Nine-year-old Shea O'Gorman sends a letter to Apple CEO Steve Jobs suggesting ideas for improving her beloved iPod Nano, including adding onscreen lyrics so people can sing along. She gets back a letter from Apple's legal counsel stating that the company doesn't accept unsolicited ideas and telling her not to send in any more suggestions. [Apple is for the people]
54. Research in Motion
This is your brain on e-mail
BlackBerry users are forced to go cold turkey when maker Research in Motion's servers go down for the better part of a day. "I felt like my left arm had been amputated," says one. Six months later a number of prominent addicts - including venture capitalist Fred Wilson and Dilbert cartoonist Scott Adams - admit to experiencing phantom incoming-message vibrations even when not wearing their devices. [Crackberry!]
59. Radiohead
Can't wait for the follow-up album, 'In Debt'
British rock band Radiohead makes its new album, "In Rainbows," available for download on the Internet and lets its fans decide how much they want to pay. Sixty-two percent, according to comScore, decide to pay nothing, while the other 38% voluntarily fork over an average of six bucks.
62. Nepal Airlines
In related news, Sony plans to acquire Nepal Airlines
After mechanical problems ground one of its Boeing 757s, officials of Nepal Airlines sacrifice two goats on the tarmac at Kathmandu airport to appease Akash Bhairab, the Hindu god of sky protection. The plane then successfully completes its scheduled flight to Hong Kong.
70. Circuit City
Good job. You're all fired.
In a cost-cutting move, Circuit City lays off all sales associates paid 51 cents or more per hour above an "established pay range" - essentially firing 3,400 of its top performers in one fell swoop. Over the next eight months Circuit City's share price drops by almost 70%.
71. TCF Bank
Take Cash Freely? Totally Clueless Fiduciary? Two Crime Friday?
A TCF Bank branch in West St. Paul, Minn., is robbed twice in one day - the second time when a police detective interviewing witnesses from the first heist steps out to retrieve some paperwork from his car.
73. Easy-Bake Ovens
Hilton quickly files suit against all 278 kids
In February, Hasbro announces a recall of nearly one million Easy-Bake Ovens after 29 children get their fingers stuck inside, some suffering severe burns. Five months later the company is forced to reissue the recall after receiving reports on 249 additional incidents, 77 involving burns, including one that required a partial finger amputation. [not China's fault]
Easy-Bake Ovens
74. Google
Kidding. We kid. That's what friends do, right?
As thousands of eBay's biggest sellers gather in Boston for a convention sponsored by the auction site, Google invites them to a party promoting Google Checkout, a payment system that competes with eBay's PayPal. In response eBay, the single largest buyer of search ads on Google, "tests" a shift of its marketing dollars, pulling all its U.S. ads from the search engine for more than a week. Google cancels its party. [Greedy, greedy! Sounds like Microshaft tactics]
78. The Virginia Tourism Corp.
Virginia is for bangers
The Virginia Tourism Corp. scraps an ad campaign featuring people making heart symbols with their hands after it's noted that the gesture is also the gang sign of Chicago's Gangster Disciples.
The Virginia Tourism Corp.
82. One Laptop Per Child
On the bright side, they're learning a lot about anatomy
Nigerian schoolchildren receive $200 computers under the U.N. One Laptop Per Child program and quickly learn a few things nobody expected - such as how to find adult websites and how to store their favorite images on the computers' hard drives. Program leaders say future laptops will be fitted with filters.
83. CIBC analyst Meredith Whitney
Her husband, on the other hand, is more than a little freaked out by the downstream effects of the subprime crisis on the world's capital markets
After issuing a bearish note on Citigroup that contributes to a 7% drop in its stock, CIBC analyst Meredith Whitney receives death threats. Whitney says she isn't daunted. She is married to a former World Wrestling Entertainment champion called Death Mask.
85. Singapore Airlines
Fly the don't-get-too-friendly skies
Singapore Airlines inaugurates the Airbus A380, the world's largest jet, with a seven-hour flight from Singapore to Sydney. To the chagrin of those who forked out $15,000 for one of 12 private, double-bed-equipped suites, the airline asks its passengers to refrain from having sex. Says first-class passenger Tony Elwood: "So they'll sell you a double bed, and give you privacy and endless champagne, and then say you can't do what comes naturally?"
Singapore Airlines
86. Saudi Prince Alwaleed bin-Talal
Fly the I'll-join-the-mile-high-club-
if-I-damn-well-please skies
Saudi Prince Alwaleed bin-Talal buys his own Airbus A380, paying more than $320 million for a "flying palace."
87. SkyWest Airlines
Fly the smells-like-the-
back-row-of-a-Greyhound skies
SkyWest Airlines apologizes to passenger James Whipple after he is barred from using the plane's restroom during a one-hour flight from Boise to Salt Lake City. Whipple, who says he had two "really big beers" before takeoff, winds up urinating into his airsickness bag and is questioned by airport police upon landing.
93. British Airways Part 2
Fly the oh-gross-oh-gross-oh
gross-get-it-away-from-me
skies
On a British Airways flight from New Delhi to London, first-class passenger Paul Trinder wakes up from a nap to find the corpse of a woman who had died in the economy cabin being placed in the seat next to him. Upon complaining about the incident, Trinder - a gold-level frequent flier who logs 200,000 miles a year with the airline - says he is told he will not be compensated and should just "get over it."
98. Intel
Just pop in your Birth of a Nation DVD, and you're off and running ...
To promote the speed of its Core 2 Duo Processor, Intel releases a print ad featuring six bare-shouldered black sprinters crouched in their starting positions beneath a white guy dressed for the office. "We made a bad mistake," says Don MacDonald, the company's director of global marketing. "I know why and how, but that doesn't make it better."
Intel
100. D.R. Horton
Apparently he missed the memo from Bev
"I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year." -- Donald Tomnitz, CEO of homebuilder D.R. Horton, on the outlook for real estate in 2007

Business news


Would you take a loan out on your IRS refund?

http://seattletimes.nwsource.com/html/businesstechnology/2003534092_stupidinvestment21.html

Apparently enough people are doing it to cause concern for the government and consumer advocacy groups. Early filers with tax preparers take out "refund-anticipated loans" on their future tax refunds because they are desperate for the cash pronto and can't wait for Uncle Sam. H&R Block and others offer very high-interest loans on money that doesn't even belong to them. This encourages accountants to over-estimate the refunds to taxpayers, so that they can take out larger loans from the company. That worries the IRS of course, which doesn't want to get short-changed. Consumer advocacy groups are also crying foul, as this new predatory practice is similar to sub-prime mortgages and pay day loans. In our free market, you can even use your tax refund to get yourself more in debt!

Intel pulls out of One Laptop Per Child (OLPC)

http://news.yahoo.com/s/ap/20080104/ap_on_hi_te/intel_one_laptop_per_child

Some altruism. The chief corporate sponsor behind OLPC (or the $100 laptop project) has decided to bail out over disagreements on the sister product version which Intel will market independently. The "XO" devices currently cost about $188-250 to make, but it was hoped to sell at the $100/unit level if foreign governments bought enough of them (on the scale of millions of units - good luck!). Intel might have felt snubbed because the program management favored a cheaper processor from rival AMD. Intel is trying to market its own version of the cheap laptop called the "Classmate". They claim that it's good for customers to have some choice in the cheap PC market. Meaning they don't want AMD to enjoy all the spoils.

http://www.un.org/ecosocdev/geninfo/afrec/vol14no2/educat.htm

To me, the whole program is commendable but misguided. If we gave the XO laptops (or even used computers) away for FREE to poor children, who may not even know how to read/type or have access to reliable electricity, that is one thing. But expecting impoverished, debt-ridden governments to fork over $100-200 per computer is shameful, when they are plagued by corruption and have many other national priorities languishing due to tiny budgets. Primary education spending in Sub-Saharan Africa is around 3-4% GDP, so how can they afford computers? America spends over 6% GNP according to the CATO Institute; we're the richest nation and many of our schoolchildren lack modern computers or even books! Some NGOs are only asking for $20 donations to support a Kenyan student for a year ( http://www.onehereonethere.org/about/howitworks/ ). That's books, pencils, and maybe assistance to teachers or classroom improvements. If you've ever seen or read about a typical rural Third World school, you know they need a lot of other stuff more critically than they do laptops. Look at what else $100 could buy for poor nations:

76 units of Viread anti-HIV/AIDS medication (at $1.30/dose)

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/04/BU301031.DTL

22 insecticide-treated bed nets, good for 5 years, that greatly reduce the risk of malaria ($4.50/each)

http://www.anglicanmalariaproject.org/in_depth.html

100 second-hand eyeglasses (at $1/each)

http://eyesonafrica.info/

By the way, malaria and AIDS are both top 5 killers in the Third World, and international organizations estimate they cost poor nations over $10B in medical expenses, containment, and lost productivity. The WHO estimates that a billion people who need corrective lenses are lacking them.

Actually getting kids to school is already a challenge, since poor families may prefer to keep their children at home for labor, and many nations don't have enough teachers, classrooms, and supplies for all the kids who want to learn. I know Professor Negroponte at MIT and the OLPC project mean well, but the involvement of Intel or other big-money corporations suggests that this may also be a strategy merely to create more computer customers in an untapped market. These kids will get exposure to PCs at an earlier age, and will want to be "plugged in" for the rest of their lives, like Western kids. And computers are boring by themselves, so they will want to buy software, peripherals, iTunes, and better computers down the road, if they can afford them. Some families don't even make $100 a year. Yes they will get a better education, learn marketable skills and computer literacy to be more competitive in the global economy, but remember there are very few white-collar, computer-based jobs in the Third World. If all of them immigrate to rich nations to study, work, and consume, then Africa will be even more brain-drained and worse off!

Gotcha Capitalism

http://www.npr.org/templates/story/story.php?storyId=17898418

Inside the world of all the hidden or subtle fees/surcharges/etc. that utility, banking, or other companies levy on the US consumer (on average about $1,000/year).