Launching the new way of talking to investors

31 Jul

About a decade ago, getting the financial results of a company amounted to waking up the next morning and reading it in a newspaper. Or glue to the TV and listen to financial news. For the last decade, we watched the financial results from the PR news on the web and/or on financial websites like Yahoo! Finance or TheStreet.com. Yesterday, Sun has taken it to the next level. Deliver content to interested listeners through content syndication means. Its like you getting a phone call when someone releases their financial results, as opposed to you calling them (frequently 🙂 ) and figuring out the results. Actually, it is less annoying than getting a phone call in the middle of a meeting. It is more like getting a quiet text message (aka SMS) and you being able to read it at your convenience.
In India this morning, I visited my google reader, rather than visiting my usual financial site, to know more about my company’s results. And its all there, whatever I wanted to know, in a friendly content aggregation tool that supports vi style navigation: press j and k keys to go up and down :-).  I haven’t (yet) subscribed to any newswires from financial sites, so I will read the opinion of the analysts at leisure. But I have the main content with me.

I love this incremental change in delivering news to investors. As Jonathan says here, this is a fairer way of sharing news. RSS feeds are delivered 10 minutes before the news is delivered in a traditional way to financial companies. So if you are in a hurry to know, YOU get it first!

Is it very innovative? IMO, it is just a better (fairer) way of sharing news. Just that. It is just a n-th generation evolution from stone tablets age (thanks again Jonathan for that wonderful post!).

So, here are Sun’s feeds, if you are interested!

Very bad pre-order experience with IndiaTimes shopping

23 Jul

Pre-ordered Harry Potter and the Deathly Hallows with http://shopping.indiatimes.com/ . Their order confirmation mail said that they are going to email me the shipping details once they start shipping the product. However, there was no activity from them till Saturday evening, the day of the book release (which started at 6.00am) in India.

So I called them up to ask what their story is. The customer service folks (after making me wait for more than 10 minutes) said that they are going to deliver the book on Sunday, but they didn’t have shipment details yet. That is bad enough. That is very unpleasant experience by itself. The purpose of pre-order is not sinking in their minds I suppose, because if there is no need to receive it on the same day, I would have purchased it at leisure.

They didn’t deliver the book on Sunday either. Their IVRS never went to a live person, may be they never support customers on Sundays.

I called them again on Monday. This time, the experience is much horrible. The first service representative transfered me to someone else, which is a 13 minute wait. Then the new person tells me that he needs to fetch the records (another wait of about 5 minutes.) He just gave me a TNT consignment number, but not sure if TNT had a website. He just gave a tracking number and their phone. He also made me wait for few more minutes to check if I can cancel the order, now that the delivery is not done for more than 50 hours after the release.

When I checked with TNT representative on their phone line, I was told that the shipment hasn’t been received yet from Delhi (this is at about 8.50am on Monday, 23rd) but assured that the delivery will be done on the same day. Meanwhile, I could find the URL of TNT (which was skypak earlier in India) and started tracking the package.

Finally, the package is delivered at about 2.30pm on Monday, about 56 hours after the release of the book in India. If I did traditional shopping and spend as much time I spent with the IndiaTimes folks on phone, I would have got the book within two to four hours of the release.

What is more interesting is the way IndiaTimes planned its shipments. Every package should have originated from Delhi. What a foolish thing to do for a high volume sale. Especially these people with their country-wide newspaper network. I liked the way BsBazaar.com, a cocern of Business Standard, planned their shipments. They promised here that anyone in the following cities would get the book on the same day of release.

Free Shipping! The book will quietly slip out of warehouses across India on July 21, 2007 and get delivered at your doorstep absolutely free of cost.

The book will be delivered on July 21st in the following cities : Delhi, Noida, Gurgoan, Mumbai, Chennai, Pune, Hyderabad, Bangalore, Kolkatta and Ahamadabad.

Here is the final log from TNT package delivery tracker.

99829XX64 Details
Reference 1106XX419
Pick up date 21 Jul 2007
Destination Hyderabad
Delivery Date 14:35, 23 Jul 2007
Signatory XXXX
Date Time Location Status
23 Jul 2007 14:35 Hyderabad Delivered
23 Jul 2007 10:39 Hyderabad Out For Delivery
23 Jul 2007 09:08 Hyderabad Import Received
22 Jul 2007 07:08 Delhi Consignment Received At Transit Point
21 Jul 2007 15:51 Shipped From Originating Depot
21 Jul 2007 10:48 Consignment Received At Transit Point

What this means is that the shipment originated in Delhi much after all the morning flights to Hyderabad leave and there is absolutely no chance of delivering it on the same day. Once TNT scanned the package in Hyderabad, they delivered it within 5.5 hours. Impressive!

Now that my kids started reading the book, I am not planning to return the book with a cancellation request. However, it puts a much doubt on Shopping.Indiatimes.com‘s ability to deliver anything pre-ordered on time. At least they can’t give their customers decent information. They simply lied while saying that they are going to deliver on Sunday, even without tracking the package in their systems.

Next time, I may choose BsBazaar.com or someone else. Hope the IndiaTimes people understand the concept of pre-ordering at some future point of time.

Bangalore Mirror

22 Jul

During this trip to Bangalore, I spotted this new daily, Bangalore Mirror. This is a tabloid style daily, typically with 48 pages of color printed content. Looks like Bennett, Coleman & Co, which owns the Times Group of newspapers, has bought Vijay Times recently and morphed it into this daily. The invitation prices of Rs. 1 is very attractive.

The sections of the newspaper are tailored to urban life. For example, there are more details about Fashion, Sports, TV, Movies, Food, etc. than the actual news coverage. Most of the news is city centric too, sweeping aside the national and international news to smaller sections in inner pages.

If you want to know what is happening in the world, this is not the newspaper. What I mean to say is don’t replace your regular daily with this. But if you have an hour to kill at a busstop, movie theater or even at home, this is a good read.

Lunch at BTDT

20 Jul

Today Kalyan, Mallesh and me planned to go out for lunch. Kalyan recommended BTDT (Been There, Done That) at the intersection of Church Street and Brigade Road. We left early and reached that place by about 12.30am. The place looked fabulous. Good interiors, well trained staff and well managed space. The low chairs are a bit uncomfortable because you need to eat from plate at your chest level.

They are currently running a Unlimited Biriyani and Kababs special that costs Rs 100 plus taxes. The mutton biriyani is great and the kababs are okay. Enjoyed this great lunch! If you are a biriyani lover (and can eat biriyani without much of side dishes) then you must try this place.

Changing Face of Kacheguda Railway Station

17 Jul

I board my train to Bangalore at Kacheguda Railway station. Once I enter to the station, there is a small refreshment stall to the right and a convenience store and a book store to the left. My routine is to pickup a snack and browse the book store for interesting titles and magazines, before boarding the train.

Yesterday, both the convenience store and the book store are gone from their place. The walls are demolished in that area to make room for a bigger entrance to the station. I walked further on the deserted first platform to find that the book store is now moved to the other end of the platform, much away from the active zone. They are still building the shelves of the store, so it takes a few days for them to be fully operational. Now that the book store is much away from the entrance, I am going to miss those casual walks to the store.

Once the planned changes are done, the station is sure going to look much better.

Weekend Movie and Audio

16 Jul

Latha and me watched the movie Lakshyam during the weekend. It is a good pass time movie. The characters are well etched and there is no over-acted melodrama in the movie. Except for the feeling that there are lot of action sequences in the second half, the movie flows smoothly. After watching the movie, the audio album is more enjoyable.

I bought the  audio album of the movie Sankar Dada Zindabad. Listened to 3 tracks so far and they are typical Sankar dada type, likely to be hit with Chiranjeevi fans. The biggest let down is the price of the CD, which is Rs. 66 for a combo CD pack (the second cd is so useless that you throw it right away into trash can.) All these big actors talk a lot about preventing piracy, but don’t control the pricing of their own products. With a typical price of Rs. 40 for a Telugu audio CD, the pricing of this album is mere exploiting. That may encourage more people to pirate the content. Hope these people realize that point.

OpenSolaris media ready for distribution to registered HOSUG members

16 Jul

During the last meeting of HOSUG, I made a promise of free OpenSolaris or Belenix media to all the RSVP-ed HOSUG members. I got quite a few requests. During the weekend, my home PC is busy cutting Belenix CDs. I already have some SolarisExpress media available with me. I started contacting the RSVPed members during the weekend and arranged for pickup of the media. If you RSVPed for the media and haven’t got a mail from me for pickup, please contact me. I might have missed your previous mail.