Bill Gates Has Started a New Company, bgC3

Bill Gates has started a mysterious new company, called bgC3, possibly to be focused on creating catalyst business ideas to spin off to Microsoft, the Gates Foundation or elsewhere. Little is known about the company, which doesn't appear to have a public web page, but a fair number of details have been ferreted out by the Seattle area tech reporters Todd Bishop, Eric Engleman and John Cook.

The three well-known tech and venture capital writers posted the story to launch their new tech blog TechFlash. It's a sweet scoop by a group of former mainstream reporters bravely striking out into the blogosphere.

TechFlash says that "whatever the ultimate role of the company, the circumstances surrounding its creation provide a behind-the-scenes glimpse into the new era of Gates' life." The company has a federal trademark as a think-tank and is classified under broad terms that include "scientific and technological services," "industrial analysis and research," and "design and development of computer hardware and software."

Sources told Bishop that the small office near Gates' home is filled with high-tech Microsoft paraphernalia, including one of the touch-screen tables used as a guest book.

We're excited to see what Gates does with the company and we'll be watching these top-notch reporters' coverage as it unfolds on their new site.

Bloggers Reminded To Exercise Caution

KUALA LUMPUR, Oct 23 (Bernama) -- Bloggers were today reminded to exercise caution when posting articles as cyberspace was not a licence to write as they wished.

Member of Parliament for Jelutong Jeff Ooi Chuan Aun, a blogger himself, said bloggers must respect the laws of the country so as not to get into trouble.

"New bloggers especially must take note and not get carried away as there is no "absolute freedom" in cyberspace," he told Bernama when met at a forum on blogging organised by the Bar Council here tonight.

"More so in a plural society like Malaysia, care must be taken not to offend the sensitivities of the people. In the borderless world of the Internet, mistakes can be costly," he said, adding that particular care neeeded to be given to sedition laws and those on defamation.

-- BERNAMA

Portfolio B @ 25-October-2008

Eddy said:

My Portfolio B individual investments losses ranged from 29% to almost 40%. Portfolio B loss is at 33% level.

IPower's trading volume volatility were exceptionally high recently with some million shares involved in off market deals. Looking forward for announcements.

Goldman's stake in Pelikan stood at 8%+ and reducing. Tabung Haji already obtained 30%+ of the Pelikan. Drastic drop of the share price makes privatization and other corporate exerciseS easier if that's what in their minds.

While the Malaysia's government still hypnotizing itself the possible 5% GDP growth in 2009, many of the Asian countries already panicking about recessions and taking more pro-active measures to reduce the possible economic damages. So far, yet no useful actions being taken by BNM.

Like I mentioned in the earlier Portfolio post, the worser the situation in the shortest possible period of time the better we shall see the recovery. Dragging and bragging is NOT the way to go.

Regarding IOICorp involvement in derivatives trading, it's just a common corporate risk management practice to reduce volatility risks if they don't use it as a gambling instruments. But the situation seems so deteriorating that many of the top financial officers in the company resigned, it really put up the impressions of a gambling practice at the back.

AirAsia, Genting and Maybank are highly likely to be in trouble with their skewed level of debts and wrongly timed investments.

Who's said our real property sector is not a busting bubble? We shall see.

Lastly, DIGI and BAT are among counters not YET hitted by the turbulence. Careful, global market risks are not something that can be diverted.


I have added a Crude Oil Price dashboard on the right of this blog for easy access.

Happy Deepavali.


Transaction Costs are excluded.

1600 unit of Pelikan
Avg Buy Price = RM 2.47, Market Price = RM1.57, Unrealized Gains/(Losses) = (RM1440)

16000 unit of IPower
Avg Buy Price = RM0.190, Market Price = RM0.135, Unrealized Gains/(Losses) = (RM880)

Realized Profit/(Loss)
1. Uchitec (RM340)