Sanghvi's Blog

Reliance power IPO

2008-01-20T22:59:00.000-08:00

It is unprecedented, even if you call it plain euphoria. Nowhere in the world has an initial public offer of shares by a new company evoked as much response as the Reliance Power issue that closed on Friday.

For a company that is yet to commence business or show income from operations, investors from across the world placed bids worth $200 billion for its shares worth $2.9 billion on offer. Retail investors put in 5.1 million applications for shares worth $47 billion or Rs 188,000 crore. Since as per rules, retail applicants can pay just a fourth of the total money initially, at least Rs 50,000 crore has been invested in the issue. For the sake of comparison, the collections are a fourth of the total direct tax collections for last year.

The overwhelming response for the issue is based on expectations that Reliance Power will be able to complete its 13 power projects in the next couple of years. The sale will increase the wealth of Anil Ambani, already India's third richest man after his Reliance Energy quadrupled in value last year. His wealth more than tripled last year to $45 billion, according to Forbes magazine, behind elder brother Mukesh Ambani and Lakshmi Mittal. On listing of REPL, there is speculation that Anil may replace Mukesh as the richest Indian.

2008-01-02T00:40:00.002-08:00

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2007-11-21T00:28:00.001-08:00

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Gmail Update Draws Gripes

2007-11-20T05:44:00.000-08:00

A major upgrade to Gmail is getting the thumbs down from users who complain that the new version is extremely slow, often fails to load pages and even crashes their browsers.People have flooded discussion forums with complaints since Google began "upgrading" users about two weeks ago to the new version, popularly referred to in the blogosphere as Gmail 2.0.Ironically, Gmail 2.0, which features an upgraded contacts manager, is designed to be faster and more stable. Gmail 2.0 is based on what a Google spokesman calls "a major structural code change" upon which new features will be launched in coming months."Most users should see a marked improvement in performance. We recommend using IE7 and Firefox 2 to take full advantage of Gmail's speedier interface," said spokesman Jason Freidenfelds via e-mail.Asked about the problems users are reporting, Freidenfelds didn't address the complaints specifically but said that Google appreciates the feedback it's getting. "The new code underlying Gmail should allow us to roll out performance improvements more frequently," he said.Users interviewed via e-mail for this article report a variety of performance problems with Gmail 2.0.The most common complaint is that it is generally very slow, with delays of a minute or more when attempting to display the inbox upon logging on, to record keystrokes when typing text and to respond to mouse clicks. Often the tasks time out. Others report that Gmail 2.0 repeatedly crashes or freezes their browsers, in particular Firefox.If these users switch to the "old" Gmail version, the problems go away. However, these users say they have to switch manually every time they log on, because Gmail 2.0 automatically became their default version once they got upgraded to it.When Google upgraded his account last week, Jim Sellers, a software programmer based in Ottawa, Canada, was eager to try Gmail 2.0's improved contacts manager, but his Firefox 2.0 browser kept crashing both on Windows 2000 and Mac OS X 10.4."These problems were very disruptive. I spend at least 25 percent of my day using my browser as one of my main working tools. To have it crash like that made the new version of Gmail a non-option," said Sellers, an otherwise satisfied Gmail user since June 2004.As a workaround, Sellers has bookmarked the URL for the "old" Gmail version. However, others expressed worry that Google at some point will phase out access to the "old" Gmail without having fully resolved problems.Some users interviewed also complained that Google didn't notify them that they would be moved to Gmail 2.0, or give them an option to decline the upgrade.Others, on the other hand, trust Google will soon solve the issues. That's the case of Jack Freeman, a retiree in Oklahoma who, for lack of broadband options in his area, has learned to live with, and make the best of, his relatively slow dial-up connection.For example, he enjoys posting answers in Google discussion forums, and in recent days has been addressing a lot of questions about the slowness of Gmail 2.0. Freeman's solution to the delays has been to toggle between the two versions of the service. "It is still my favorite e-mail program," Freeman said.Google is moving people progressively to Gmail 2.0, so some users have it and others don't.Google didn't immediately reply to a series of follow-up questions, so it's not clear what percentage of people have access to the new version and how many are experiencing problems with it. It's also unclear when Google expects to have everyone on the new version and when the performance problems be solved.What's clear is that the problems have unleashed a storm of complaints. A search, sorted by date, for "Gmail slow" in the Gmail Help Discussion forum returns about 35 pages of results related to problems with Gmail 2.0.In addition to the main thread referenced earlier, here is a small sampling of the many others:Newer Version gmail format is a joke Slow scrolling in new GMail Gmail SUPER SLOW Newer Gmail Version is slow on my computer new version very slow - HELP!Source: www.pcworld.com

Info about bluetooth

2007-11-02T01:43:00.000-07:00

Think of a connected world of electronic devices and appliances around you! You click on an icon for a device and you are linked to it, automatically and transparently"Bluetooth technology eliminates the need for numerous and inconvenient cable attachments for connecting fixed computers, mobile phones, mobile computers, handheld devices, digital cameras and even new breed of digital appliances. It will enable users to connect a wide range of computing and telecommunications devices easily and simply, without the need to buy, carry, or connect cables - quite often proprietary to a specific device. It delivers opportunities for rapid ad hoc connections, and the possibility of automatic, unconscious, connections between devices. It creates the possibility of using mobile data in a variety of applications. Bluetooth makes wireless communication and networking between devices in a small localized area of a room or a small office as easy as switching on the light. In Bluetooth all the connections between devices are instantaneous and invisible and the devices can talk even if they are not in line of sight because Bluetooth utilizes a radio-based link. Your laptop could send information to a printer in the next room, or your microwave could send a message to your mobile phone telling you that your meal is ready.Bluetooth is actually a standard for wireless communications between devices in a personal area network (PAN) using radio frequency for a short range (around 10 meters). So any two devices that follow the standard can communicate and exchange data between each other without the need of any connection to be made between them. A group of Bluetooth devices like a mobile phone, a digital camera, a hand held device etc. can instantly form a network with each other as soon as they are switched on. You could have a mobile phone in your pocket and you could be sending e-mails using your laptop without making any connection between your laptop and the mobile. Your refrigerator could be placing an order with the supermarket if your milk supply has been exhausted using your mobile phone. Briefly, Bluetooth technologyuses radio waves in 2.4 GHz band - therefore, no line of sight is required supports multipoint, not just point to point works in a small confined area - 10 to 15 meters apart is able to support speeds of 1-2 Mbps today but will offer higher speeds in future chip sets are relatively inexpensive (though more expensive than IrDA)- $10 to $20 today in large quantities - will go down in future has significant industry support with over 1800 members in the industry consortium