Posts by Red Tie

Help! I bought a domain and ended up with a stranger's PayPal! And I can't give it back

Re: Or

Trespassing has been a criminal offence in Scotland since 1865.

https://en.wikipedia.org/wiki/Trespass_(Scotland)_Act_1865

The right time to drink coffee

Only at weekends

You don't want to be a zombie every morning until you get your fix.

Rubbish broadband drives Scottish people out of the Highlands

Forced displacement by broadband

Whilst people of other nationalities dig in...

Wouldn't the title "Rubbish broadband drives people out of the Scottish Highlands" be more appropriate, even if such a title was appropriate?

OCZ balances books, files results following 4-year omnishambles

Borrowed time

Although they are making a small profit margin on sales, they are losing money because of operational costs, i.e. staff costs, R&D, etc.

They have $10 million in cash and are losing $20 million a quarter, so they need another source of financing, or a buyout. They have a revolving credit facility with HTGC but OCZ are already in breach of the covenants for that agreement.

With the SSD market consolidating at the moment a buyout seems likely. They do have their own IP for a decent controller. Seagate were interested but [certain members of the Company’s executive management] messed that one up, much like they did with OCZ's books.

Link below totally unrelated [certain members of the Company’s executive management] ;)

www.theregister.co.uk/2012/09/27/seagate_ocz_petersen/

Credit insurance: The hidden data-driven force which killed Comet

Re: 2k -> 10k credit card

The majority of companies operate on credit terms when dealing with suppliers. The company I work for normally pays important suppliers within 30 days, whilst other less critical suppliers are paid within 60 to 90 days. The larger suppliers can comfortably operate on 60 to 90 day terms because of their income from many clients and may have better credit lines, whereas a smaller company with less clients, income and tight credit lines are more reliant on clients paying them promptly to keep afloat.

Sainsbury's have recently increased their payment terms for suppliers from 45 days to 75 days and have recently refused to sign up to the Prompt Payment Code (PPC). They justified it by pointing the finger at their competitors by saying they are worse. Linky: http://www.businesszone.co.uk/topic/finances/mp-attacks-sainsburys-over-late-payment-suppliers/44993