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Indiegogo campaign for XGear ends in 48 hours

XGear is a small auto accessory that plugs in to your car’s data port and extracts data being continuously collected and quantifies it. All this is done seamlessly without any human interaction and with pinpoint accuracy.

You get to learn about your car and understand your driving behavior. At the same time, it also provides you information about your car’s maintenance and other safety related issues. Bye bye unnecessary oil changes every 3000 miles.

Currently, XGear is trying to raise money on Indiegogo. Their goal is a modest $10,000 out of which they have already raised $5,134 as of this post. 48 hours remaining…

IoT is all the rage and this product is extremely promising. I can’t wait to get mine…

Facebook is going through a price correction

I wasn’t a fan of Facebook IPO, I mean, $38/share? It’s one thing to be hopeful and another to be an emotional fool.

Facebook earnings paranoia What you see now is a correction because everyone that could make money (bankers, lawyers etc) have been paid, let me add, handsomely.

Let’s be clear here, Facebook’s revenues grew 32%. That said, investors are not happy. Stock closed at $21.09 yesterday; 21% drop since July 27th, day after the earnings announcement. 45% drop since the IPO.

Facebook is not your conventional company. Its business model revolves around analyzing ginormous amounts of user data and then innovating mechanisms to monetize it. As of June 2012, it had 872 million active users, but not customers. Its customers are advertisers and we the users are the product being sold.

Facebook is a media network, similar to Google, not a social network. It happens to have a social component, that’s about it. It should be treated similar to any other media network dependent on advertising revenue.

That said, Facebook is worth $9/share as of this writing.

It’s very simple math.

Take yesterday’s closing price, $21 x shares outstanding of 2.74 Billion = $57 billion. But it is not worth $54 billion because it’s 2011 revenue was $3 billion. In tech industry, stocks trade at an average 8 times (conservative) the revenue. Revenue times 8 gives us $24 Billion. That means the market price of its stock should reflect that reality but it doesn’t because if it did, the stock would trade at $9 ($24 Billion/2.74 Billion shares outstanding).

That doesn’t mean Facebook is a dud, it’s not, just overvalued.

Here’s some radical advice for Facebook.

Take the company private, charge 99 cents for monthly access, keep the ads on free accounts, and concentrate on retaining top talent.

iPhone 4S – Will it blend?

Tom Dickson, I don’t know if that’s his real name, has been blending iPhones, iPad etc for a long time now and he recently took a shot at iPhone 4S. Here’s the video:

Yes, it does blend. I just feel terrible that this really did happened.

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Siri is a female, don’t refer to her as it

iPhone 4S has incorporated a feature that will revolutionize things a phone can do. I am talking about Siri, a personal assistant that talks to you and helps you be more productive by taking voice commands. Won’t make coffee but that’s okay, there will some day be an app for that.

iPhone 4S Siri Personal Assistant

Rotary dial, dial pad, touch screen, and now a personal assistant. It must be the 21st century.

Everyone who talks about Siri is referring to her as ‘It’ and sometimes ‘She.’ The voice is that of a robotic female so ‘She’ or ‘Her’ is appropriate but is it really a female name? Turns out, it is.

I googled the name Siri, few baby name generators popped up with the meaning of the name and its origin. It’s a female name with three different origins.

Sridevi Siri in Hindi means “Godess Lakshmi” or “Godess of Wealth.” In Norwegian it means, “Beautiful and victorious.” In Swahili it means, “Secret.”

When I hear the name Siri, I think Sridevi, a very beautiful Bollywood actress who was quite famous back in the day. Her real name wasn’t Sridevi but it did suit her – pretty and wealthy.

What remains to be seen is if Siri would turn out to be a cash cow for Apple depending on how adaptable and appealing it proves to be. It is the best new feature of iPhone 4S.

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