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!-- pageType= magazinesmall slug= ff_blodget section= techbiz subsection= people headline=
Financial Industry Scapegoat Reinvents Himself as Financial Reporter authorName= Daniel Roth
creditType= photo credit= Mike McGregor caption= Henry Blodgetis back, and his straight-talking
analysis of the Web world is earning him new fans. -- pstrongHenry Blodget/strong has never gotten
used to the chorus of hate that follows his every move. He's merely learned to live with it. When
he started his personal blog in 2005, the comments a
href="http://www.internetoutsider.com/2005/10/welcomeand_than.html"dripped with disgust/a. "You are
a boldface liar," a reader wrote. "Give me one reason why I should believe what you are writing,"
said another. And that was just in response to Blodget's innocuous first entry. /ppDuring his years
as a star Wall Street analyst, his pronouncements were welcomed and celebrated; now he couldn't say
hello without getting savaged. Just last August, TechCrunch mentioned that Blodget would be one of
more than two dozen tech celebrities a
href="http://www.techcrunch.com/2008/08/15/4-new-experts-henry-blodget-josh-kopelman-tim-o%E2%80%99reilly-robert-scoble-join-techcrunch50/"judging
a contest/a for startups. Blodget knew what was coming, even if his hosts didn't. "Blodget is
scum.... He is no longer the arrogant prick we saw in the '90s, but he's still scum," someone
wrote. "A lot of people lost money listening to this dirtbag." "Blodget is a Web 1.0,
bubble-creating has-been." "He is unethical." "He's as crooked as they come."/p pI meet a
href="http://www.alleyinsider.com/henry_blodget.html"Blodget/a at the offices of his new business,
a year-old site called a href="http://www.alleyinsider.com/"Silicon Alley Insider/a, shortly after
the TechCrunch beat-down. Alley Insider is one of many tech business blogs that feed news, earnings
info, and rumors to investors and corporate insiders. But Alley Insider has one thing that others
don't. Blodget. He's smart, he's skeptical, and he's got the kind of self-assured voice that sells
well in the blogosphere. As the market sinks, his opinions are even more in demand, though he's
still hated by a large portion of his prospective audience./p pThe site shares two floors of a
Manhattan office building with programmers and business staff for some of Alley Insider's sister
companies, all of which were started by former DoubleClick CEO a
href="http://www.alleyinsider.com/kevin_ryan"Kevin Ryan/a. Blodget works in a double-wide cubicle
near a window, separated by a low wall from the site's two other editors. They spend their days
crawling Twitter and RSS feeds, calling sources, and pumping out about a dozen daily takes on the
business world, most with Digg-friendly headlines (no easy accomplishment with bone-dry business
stories). "Is Facebook Distracting Us From Porn? No" is a
href="http://www.alleyinsider.com/2008/9/is-facebook-distracting-us-from-porn-no"typical/a, or "a
href="http://www.alleyinsider.com/2008/4/googles_ginormous_food_budget_7530_per_googler"Google's
Ginormous Food Budget/a: $7,530 Per Googler, $72 Million a Year." Blodget tells his team to think
of the site as talk radio: He wants readers to feel compelled to check in several times a day to
get the Alley Insider view on everything going on in their world./p pFor privacy, we duck into a
small conference room, and Blodget, tall and skinny, sinks into a ridiculously deep leather chair.
His floppy dirty-blond hair gives him a youthful, almost carefree air, but the deep circles that
ring his eyes tell a different story. He's managing a 24-hour news startup. It's midday and he's
been posting since 5 am. And then there's the burden that comes with being Henry Blodget, digital
punching bag./p p"There are obviously a lot of folks who say, 'Now wait a minute, isn't that the
guy who....'" He lets the thought trail off. He's legally barred from talking about the incidents
that led to his vilification. "To them, I'm emthat/em Henry Blodget. There's not much more I can
say. I still can't address specific points. So it's like, 'OK, here's my face. Throw the fruit.
When you want to stop throwing the fruit, if you want to listen, great. If you don't, fine.'"/p
pIt's been almost a decade since the impulse to greet him with rotten mangos first struck. Back in
1998, as a 32-year-old analyst with investment bank CIBC, he a
href="http://www.thestreet.com/markets/analystrankings/977502.html"declared/a that the stock price
of Amazon.com would nearly double to $400. Three weeks later it did, and Blodget was a hero. Soon
he packed up his spreadsheets mdash; he's never more comfortable than when he is lining up numbers
in rows and columns and teasing out their secrets mdash; and moved to Merrill Lynch./p pInvestors
followed the new oracle's every utterance, and bankers wanted Blodget to bless the stocks of
companies they were hoping to do business with. The lines on his graphs always seemed to point one
way mdash; steeply up and to the right. He wasn't just predicting profits, he was selling a
revolution: The old metrics didn't apply. Blodget may have counseled people to own only a small
percentage of Internet stocks mdash; 10 percent at the most mdash; but nobody listened./p !--
pagebreak -- div id="embed" style="width:370px;" div id="pic" style="width:350px;" img
style="width:350px;" src="http://www.wired.com/images/article/magazine/1612/ff_blodget3_f.jpg"
alt=""/ div id="caption" Launched in 2007, Silicon Alley Insider is gaining on some of its
established rivals. br/ emSource: Compete/em /div /div /div pThen came the crash. Five trillion
dollars in wealth vaporized in 24 months, leaving behind unquantifiable amounts of rage among the
masses of day traders who had believed briefly that they, too, were market savants. When the bubble
burst, so did Blodget's aura./p pStill, it wasn't the crash alone that crushed him. It took Eliot
Spitzer to turn Henry Blodget into emthat/em Henry Blodget. Spitzer, then New York's crusading
attorney general, investigated Merrill in 2001 for conflicts of interest. He discovered a clutch of
emails from the young analyst showing that while talking up certain stocks to clients, he was
trashing them internally. Companies like 24/7 Media, Excite@Home, and InfoSpace mdash; firms
Merrill was publicly cheering mdash; in private were deemed by Blodget to be "shit," "crap," and
"junk" (respectively). According to Spitzer's findings, Blodget would have pulled in $12 million in
2001 mdash; quadruple his earnings in 1999 mdash; if he hadn't accepted a buyout that year. In
2003, Merrill's boy genius agreed to pay a $4 million fine and accepted a lifetime ban from working
in the securities industry./p pPublic disgrace usually drives a person into hiding, or at least
into a different career. Jerry Levin, the brains behind the disastrous AOL-Time Warner merger,
today runs a href="http://moonviewsanctuary.com/staff"Moonview Sanctuary/a, his wife's spa;
Spitzer, forced to resign as governor last summer, is currently discovering the a
href="http://blogs.wsj.com/developments/2008/06/10/spitzers-next-act-distressed-real-estate/"joys
of real estate management/a; Health South CEO Richard Scrushy, while on trial for accounting fraud,
a href="http://www.richardmscrushy.com/biography.aspx"became a televangelist/a. Not Blodget./p pOne
former colleague says Blodget spent the months when he was being investigated trying to grasp why
he was singled out for something that was commonplace in the industry. He figured the controversy
would blow over once the public realized his conduct was not unusual. "He was incredulous that the
investigation got traction; he said it was silly," a friend says. But there was too much anger in
the wake of the bubble, and Blodget's embarrassing emails made him an easy scapegoat. Later, when
he was inclined to argue his case, the settlement terms prevented it./p pSo Blodget did what came
naturally. He began writing about the companies he used to cover, a
href="http://www.slate.com/id/2104656/"first for Slate/a, then on his own blog, a
href="http://www.internetoutsider.com/"Internet Outsider/a. Was this journalism mdash; or was it
therapy? Rather than hide, he started saying in public what he had once said only in private, using
the same brutally frank voice that got him in trouble with Spitzer. He marketed his notoriety to a
new Web readership hungry for smart, independent analysis./p pWhen Ryan, an Internet Outsider
reader, approached him about starting an industry news site, Blodget jumped at the prospect of a
bigger stage. Before working on Wall Street, he'd been a freelance writer; now he could combine the
two vocations, borrowing freely from both journalism and equity research./p pThrough Alley Insider,
Blodget is trying to erase, post by post, Spitzer's portrait of him as a duplicitous,
money-grubbing shill for big business. Blodget has always believed that the Internet changed
everything, so naturally he believes it has the power to change the world's perception of him. The
venue offers all Henry, all the time (and even when his other writers are posting, it's clear
they're channeling him). The result is a unique blend of x-ray analysis and tech evangelism./p pAs
we talk, Blodget gets up from his chair, antsy to return to his laptop. I ask him if he understands
what he's up against. If the hate has lasted this long, why expect it ever to fade away? "If all I
knew about me was what I read during that period," he says, "I'd probably have the same
reaction."/p pstrongOn a late summer morning/strong, Blodget waits in the lobby of the Nasdaq
building in midtown Manhattan. He's all banker today: blue suit, red tie, black cap-toed Oxfords,
his shirt so deeply pressed there are creases down the sleeves. It's 10 am and, ready for his
second breakfast, he pries open the plastic case of a turkey and Swiss sandwich and starts wolfing
it down. In a few minutes he is supposed to conduct a video interview for Yahoo's Tech Ticker
finance site. As soon as Blodget started appearing as a regular host in February, the Furies a
href="http://finance.yahoo.com/tech-ticker/article/650/Jerry-Yang-Strikes-Back;-Here%27s-Microsoft%27s-Next-Move?tickers=yhoo,msft"reemerged/a.
"Did you not find any other decent, credible guy than Henry Blodget?" one of the first comments
read. "Why spoil this new feature with such a scum and spoil the Yahoo reputation?"/p pAs producers
prepare to tape the show, Blodget wipes his crumbs off the table. He explains the guiding vision
behind Alley Insider. "We don't want to do things we don't care about," he says. "It's nice to say
theoretically we're the judge of what's important and what's not, but come on, give readers credit.
They'll tell you immediately what they want, and that drives coverage. People are fanatically
interested in Apple, Google, Microsoft. It wasn't a tough call to know what to write about."/p
pBlodget's focus on content is matched by his apparent indifference to the look of the site. Alley
Insider employs a cookie-cutter template of scrolling headlines and thumbnail photos dragged off
the Web. But design limitations notwithstanding, by September the site was getting nearly 500,000
visitors a month, rivaling a href="http://allthingsd.com/"AllThingsDigital.com/a, the citeWall
Street Journal/cite blog edited by Kara Swisher and Walt Mossberg. Since the beginning of the year,
traffic to the site has more than doubled, and Blodget's words now carry surprising weight. When a
href="http://www.alleyinsider.com/2008/10/apple-s-steve-jobs-rushed-to-er-after-heart-attack-says-cnn-citizen-journalist"he
reported/a early this fall that Steve Jobs may have been rushed to the hospital after a heart
attack mdash; citing an anonymous (and, as it turns out, fraudulent) post on a minor user-generated
news site run by CNN called iReport mdash; Apple's a
href="http://money.cnn.com/2008/10/03/technology/apple/"stock dropped/a nearly 10 percent. Critics
blamed Alley Insider./p p"I read citeThe New York Times/cite, citeThe Economist/cite, and Alley
Insider," says a href="http://www.firebrandpartners.com/principals/index.html"Scott Galloway/a,
head of investment equity firm Firebrand Partners, who is best known for his successful public
fight to get on the board of citeThe New York Times/cite. "Henry takes a no-mercy, no-malice
approach to Web business and media." Valleywag recently called him "the disgraced stock analyst
everyone now listens to."/p !-- pagebreak -- div class="wide_img" img
src="http://www.wired.com/images/article/magazine/1612/ff_blodget2_f.jpg" alt="" div
class="wide_caption" div class="wide_caption_txt" The team at Silicon Alley Insider (left to
right): senior editor Dan Frommer, COO Julie Hansen, cofounder Kevin Ryan, and editor in chief
Blodget. br/ emPhoto: Mike McGregor/em /div /div /div br/ br/ pFor all the success today, it took
Blodget amp; Co. some time to figure out a winning formula. When Ryan, a New Yorker, launched the
site in 2007, he wanted to cover the local startup and media scene. Blodget signed on as CEO and
editor in chief, bought a minority stake, and hired citeForbes/cite journalists a
href="http://www.alleyinsider.com/peter_kafka"Peter Kafka/a and a
href="http://www.alleyinsider.com/dan_frommer"Dan Frommer/a to help him develop content (Kafka was
later hired away by AllThingsD). The first few weeks, the site read like a tourist's guide to
spotting B-list Internet companies in the big city, with each firm's location prominently
announced: "NoHo-based Meetup has quietly launched a Facebook application"; "Flatiron-based
YellowJacket Software has raised $1.25 million." Blodget branched out, taking on the bigger names
himself mdash; Apple, Dow Jones, NBC, JP Morgan. It quickly became clear to him that New York's
tech industry was too small an arena to contain the ambition of the site. And nearly half the
readers were in California anyway./p pAlley Insider soon dropped its Silicon Alley focus but stuck
with the moniker. And Blodget began to draw more heavily on his research experience. He created
financial models of the companies he was talking about and posted the spreadsheets as Google docs
so anyone could download and toy with them. He analyzed the potential revenue YouTube could bring
to Google, mapping out his assumptions about viewership and ads watched, and offering a clear
bottom-line conclusion. Readers weighed in with their critiques, which Blodget used to sharpen the
model. He figured he wouldn't just write about Wall Street, he would also usurp part of Wall
Street's business by providing high-quality research, the kind brokerage customers used to prize./p
pBut visitors to the site wanted more than analytics. They also craved the edgier Henry of the
Spitzer emails. Blodget obliged. In one post, a
href="http://www.alleyinsider.com/2008/1/ben_stein_is_an_idiot"Blodget declares/a citeNew York
Times/cite economics columnist Ben Stein to be either "an idiot" or possibly just "delusional." He
suggests that the anonymous sources cited by archrival TechCrunch in its reporting on Microsoft's
attempt to purchase Yahoo "a
href="http://www.alleyinsider.com/2008/5/yahoo_stock_fades_as_techcrunch_microsoft_takeover_sources_sober_up"must
have been drunk/a." And in November 2007, when E-Trade lost $9 billion in value as its risky
mortgage bets turned to dust, Blodget offered only one piece of advice to the company's
shareholders: "a
href="http://www.alleyinsider.com/2007/11/etrade_etfc_total_cost_of_screwup_9_billion"Cry/a."/p
p"On Wall Street, I'd consistently submit a report that would say, 'This is going to be roadkill,'
and it would come back rewritten as 'We see some weakness,'" Blodget says. "Now I can say, 'It's
going to be roadkill.' That's very satisfying."/p pBut even as he delights in railing against
corporate giants, he's still disciplined enough to run the underlying numbers mdash; Blodget loves
the drama, but he loves the spreadsheets just as much. One post about craigslist should have been
something only an accountant could love: a complex set of assumptions and analyses to determine
what the company might be worth. Yet Blodget wrote the whole exercise as if it were a mystery plot,
parceling out details and stringing the reader along until the very end./p pWhen Yahoo announced
this summer that it had hired Bain amp; Co., a consulting firm usually brought in when a company is
about to start swinging the ax, Blodget a
href="http://www.alleyinsider.com/2008/9/yahoo-fat-farm-how-many-people-does-yahoo-need-to-fire-to-get-fit-"sharpened
his own pencil/a. "We're mad as hell ... especially now that Yahoo's wasting millions on Bain." He
offered his own, free advice (spreadsheet attached) cataloging how many people Yahoo should fire in
each division mdash; 1,804 from its "positively obese" sales and marketing arm alone mdash; in
order to goose operating margins to a "more respectable" 20 percent from its current 7 percent. "He
pushed us early on to ask, 'What does this mean for profits? How does any news affect a company's
numbers?'" Frommer says. "It's great if it makes a company look bad or look good, but is this
really going to affect the numbers?"/p pBlodget is also trying things that no
mainstream-journalism-trained blogger like Swisher or GigaOm's a href="http://gigaom.com/"Om
Malik/a would ever dare. He makes serious-sounding offers to buy companies that he wants to
demonstrate are significantly undervalued. It's pure showmanship, but with Blodget's background in
finance and his ties to folks up and down Wall Street, no one knows just how far he will take the
joke./p pHis first target was CNET. With the a
href="http://www.alleyinsider.com/2007/12/announcing_our_friendly_takeover_offer_for_cnet"slightest
of winks/a, he wrote a
href="http://www.alleyinsider.com/2008/1/cnet_update_on_our_offer_and_restructuring_plan_part_1"post
after post/a explaining how he'd a
href="http://www.alleyinsider.com/2008/4/jana_here_s_our_plan_for_cnet"purchase the company/a. At
first he proposed a sort of reverse merger, with CNET buying Alley Insider for $50 million in
stock, at which point Blodget's team would take over every aspect of the company. Then he detailed
the operational changes he would make./p !-- pagebreak -- pRyan got nervous about Blodget's new
direction. Blodget's deal with the government forbade him from giving individual research advice,
but it didn't say anything about jumping into the private-equity space. Still, there might be legal
issues. "Look, why don't we run this by a lawyer just to make sure, because we're getting into
securities stuff here," he said to Blodget. When the lawyer asked them "Is this a real offer?"
there was a brief silence. For the first time the two really thought about it./p p"You know, yes,"
Ryan replied. "If they said yes, we would accept $50 million at that time to buy them. So it is a
real offer. But we're actually asking them to buy us." The lawyer signed off on the convoluted
reasoning./p pAfter Blodget's taunting posts went up, investment firm JANA Partners announced a
hostile takeover attempt of CNET. It failed, but by spring 2008 CBS a
href="http://www.alleyinsider.com/2008/5/cbs_buying_cnet_for_1_8_billion"stepped in to buy/a the
company for $1.8 billion./p pFor one CNET executive, memories of Blodget's unwanted attentions
still rankle. "The way you make a big name for yourself on the Web today is to make, for lack of a
better word, ridiculous statements," says Zander Lurie, former senior VP of strategy and
development at CNET and now CFO of CBS Interactive. Lurie found himself reassuring employees who
sent him Blodget's postings and wondered whether their company was at risk. "Everyone knew there
was nothing in the offering: He didn't have the capital, the expertise, or any specific insight
into our business," Lurie says. "He makes the ridiculous statement and it gets sent all around, and
then he claims credit when there's an event the following year, which obviously he had nothing to
do with. Less than zero to do with. We all have reputations. And his track record is well known."/p
pBlodget has been a
href="http://www.alleyinsider.com/2008/10/how-the-new-york-times-nyt-can-save-itself"waging
another/a half-serious acquisition fight, this time for the New York Times Company. All he wants is
the Web site mdash; the print side is dead, he says. He thinks the paper needs to cut about 80
percent of its costs, at which point it would be the perfect size to be the digital paper of record
for a long time to come. "It's a serious offer from our perspective, but it hasn't been taken
seriously," Blodget says./p pstrongIn the wake of Wall Street's latest meltdown/strong, Blodget
finds himself in even greater demand. He's doing regular TV appearances and is posting again on
Slate. When NPR wanted someone to talk about the Wall Street culture of greed, they a
href="http://www.npr.org/templates/story/story.php?storyId=94667073"brought in Blodget/a. The
reporter introduced him by pointing out that Merrill is now gone, "and Henry Blodget is gone, too;
he's banned from Wall Street after being charged with fraud."/p p"Thanks," Blodget said, stuttering
for a second, "especially for that horrific introduction." They both laughed. But by the end, the
host was treating Blodget like an elder statesman./p pRecently Blodget has been expanding his
franchise. He and Ryan have launched two sister sites: a
href="http://www.clusterstock.com/"Clusterstock/a, which will compile and analyze Wall Street
research on a much wider range of industries, and a href="http://www.businesssheet.com/"the
Business Sheet/a, which will focus on corporate scandals. A third is in the works. For each new
site, Blodget provides the bulk of the early posts, seeding the new enterprise with the Blodget
touch./p pBlodget is broadening beyond tech to get ready for what he sees as a coming shakeout in
the news-blog industry. He says he might even start making acquisitions if the price is right.
Ryan's suite of companies has raised $50 million in the past few years, possibly enough to buy out
some other interesting small blogs. The winning formula for this new kind of business remains
elusive: It's a matter of finding the balance between gossip and analysis, between aggregating news
from other sources and doing original reporting. Revenue models that go beyond basic advertising
have also been slow in coming. "If you look at the development of every new medium, there's been a
new form of journalism that has been made possible by it, and there has always been this period of
transition," Blodget says. "There is collective experimentation as people figure out what works and
what doesn't, and usually you have some very important publications that are built."/p pAnother way
to expand is to sell to a larger media company. Blodget says he'd consider an offer, but Alley
Insider is still defined almost entirely by one man. If he left, the value would plummet. Also,
some media institutions mdash; the grayer, stodgier ones mdash; may find Blodget's unique baggage
unacceptable. The endless barrage of comments, the angry mob that seems to follow him everywhere,
may be too much for the sensitivities of some management teams, even in these freewheeling days of
media transformation. When Blodget wrote a few small items for citeThe New York Times/cite, the
newspaper's a href="http://www.nytimes.com/2007/11/11/opinion/11pubed.html"ombudsman went
haywire/a. "The citeTimes/cite luster may help Blodget," he wrote last year, "but some of his taint
rubs off on the citeTimes/cite."/p pIt's just the sort of comment Blodget has come to expect from,
well, everyone. That may change, but only if this latest reinvention succeeds in burying his past
forever. In which case, he will have been right: The Internet really does change everything./p
pemSenior writer Daniel Roth /em(a href="mailto:daniel_roth@wired.com"daniel_roth@wired.com/a)
emwrote about the a href="/cars/futuretransport/magazine/16-09/ff_agassi"future of the electric
car/a in issue 16.09./em/pbr style="clear: both;"/ a style='font-size: 10px; color: maroon;'
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GigaOM -
1 days and 9 hours ago
Download the attachment
With the change in administration it’s time to stop pussyfooting around the issue of
broadband access in the U.S. It quite honestly sucks. Yes, some people have access to FiOS, but
others have access to speeds that rank even lower than the lame 768 kbps classification of broadband
adopted this year (!) by the FCC. Uneven coverage and a lack of competition mean
that we in the U.S. pay more for our broadband than many other countries and that
about 1 percent of the
population can’t get access at all. This has got to change, and the private market
isn’t going to do it because it simply isn’t profitable to string fiber, coax or even
copper everywhere people have settled.
With
consumer groups and industry players calling for a broadband bailout, I’m inclined to
agree, even if it does mean Google gets more broadband subscribers for free. The government needs
to get involved, and it needs to throw some money at the problem — albeit in a highly
organized way. I’ll argue later about what should be done, but first here’s a few
reasons why it’s important. Broadband is like electricity and running water — every
town, if not every person, needs access to it. Not to watch cats on treadmills or download porn,
but because it gives people cheaper access to the world.
Educational Access
Today the New York Times ran an article about the rising costs of
a college education and offered up the idea of distance learning as being one solution to
rising costs. I don’t think distance learning can substitute for the entire college
experience, but having participated in several distance learning classes, it can be used in
conjunction with meetings online or weekly in-person meetings to create a rich
learning and discussion environment. Broadband makes that possible today, and faster speeds will
only add to the interactivity of those online environments — making a college education
more accessible. The kids who most benefit from this are not living in FiOS areas; they are in
poorer areas where ISPs try to avoid or delay launching high speed services. I know, I live in
one of those areas. The government needs to step up to improve this access divide.
Medical Care Improvements
Broadband also can save on medical costs and improve access to health care. A
release issued today highlighted radiologists’ frustration with quality of care.
Ninety-four percent of radiologists surveyed blamed missed or delayed diagnosis on the inability
of medical imaging systems to communicate with information systems of physicians and hospitals.
Delivering radiological scans via broadband requires fat pipes and rapid speeds, but the benefit
to patients, insurers and doctors would be many: fewer scans, faster delivery of images where
they are needed, and lower costs associated with the process.
Telecommuting Expansion
Another benefit of better broadband would be the ability for people to telecommute. This has
far-reaching benefits, from
fewer cars on the roads to increasing a family’s
resilience in the face of economic uncertainty. As a telecommuter, when I change jobs I
don’t have to sell my house, uproot my husband’s career or leave the network of
friends and family who support us. The more people who have that flexibility, the less
traumatizing job loss can be both for the individual family and for a particular region.
Those are a few of the reasons the government should care about broadband access. Broadband can
help promote an educated citizenry, could help lower the costs of providing health care and could
increase workforce flexibility and decrease traffic. So while older generations of legislators
might deride the web as a series of tubes, the truth of the matter is those tubes could be the
lifeblood for citizen access to education, information and services. We need policies and funding
to make sure broadband reaches everyone, and we need it today. It would’t be a bailout. It
would be an investment.
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TechCrunch -
1 days and 10 hours ago
.TEL, one of a stream of new top level domain dames approved by the
quasi-governmental Los Angeles-based ICANN, will go on sale shortly. Like
other domain name types, you’ll be able to buy your .TEL at your favorite domain name
registrar (eNom, Godaddy, Network Solutions, Registrar.com, etc.).
You can start buying the domains in March, for something above the wholesale price of $10.
Here’s what you get: a page hosted by Telnic (the company behind .Tel) that includes your
name, phone number, fax number, email, and other links you
want to add. You can’t add pictures (or, if you are a business, logos) to the site. An
example, with the data from Telnic itself, is here.
The data is public, but you can choose to hide some of the data and show it just to friends,
which must also have a .TEL address. The idea is you don’t need to give out a business card
to people, you just tell them your .TEL address. It sounds official because it’s a
sanctioned domain name. But in reality it’s just another startup that paid a fee to ICANN
for the right to sell you a web page that has all your personal information published on it.
The period from now until March when the domains go on sale in general is a special time that
domain registrars get to shake down trademark holders, who’ll pay $400/year to reserve
their names in the system. Trademark holders don’t want these domains, but they pay to
avoid letting others get them. So Apple, for example, will likely shell out thousands of dollars
to register all their trademarks so that no one else can get them. After this early period,
it’s anything goes, and people can register and use whatever they want.
There is nothing that .TEL does that Facebook and other services don’t do already (and
better). Nor is .TEL somehow more trustworthy because it has ICANN’s backing - ICANN is
notorious for approving just about any new project as long as they get their fees (ICANN was in
favor of creating a special porn domain name until the U.S. Senate suggested it
might be a bad idea). And users will also need to buy the domain names through registrars, which
are
notorious for abusing
user trust.
In other words, these are the last people you want to be holding all of your personal
information.
Crunch Network: CrunchBoard
because it’s time for you to find a new Job2.0


|
Ars Technica -
1 days and 15 hours ago
pYouTube has introduced new policies on "sexually suggestive" video clips today, and announced it
will take steps to restrict access to clips even when the people involved are (barely) wearing
clothes./ppa
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|
Ars Technica -
1 days and 15 hours ago
pYouTube has introduced new policies on "sexually suggestive" video clips today, and announced it
will take steps to restrict access to clips even when the people involved are (barely) wearing
clothes./ppa
href="http://arstechnica.com/news.ars/post/20081203-youtube-comes-down-hard-on-porn-ads-suggestive-content.html"Read
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|
Wii -
1 days and 18 hours ago
a onclick="return FollowLink(126970)"img alt="thumb - Image 1" title="thumb - Image 1"
src="http://img.qj.net/uploads/articles_module/126970/winner-thumb.jpg?432532" style=""
align="left"/adun... dun.. dunnnnnnnn! span style="font-weight: bold; font-style: italic;"a
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email us at contest@qj.net with the subject title "a
href="http://wii.qj.net/tags/digital-innovations/10365" id="tag" title="accessories"Digital
Innovations/a Contest Winner", no porn please. brbrAlso, be sure you use the email address you
signed up to QJ with so we can verify your identity! Once we get this info from you we'll have the
guys at Digital Innovations mail you your span style="font-style: italic;"hard earned/span
prize!brbrOnce again a hearty congrats and best of luck next time to the other participants! If
you're interested in learning more about what our contest sponsor offers, including their range of
gaming specific peripherals such as the Game Dr, Laser Lens Cleaning Kit and and LCD screen
cleaning kit, please check out the a rel="nofollow" target="_blank"
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|
PlayStation 3 -
1 days and 18 hours ago
a onclick="return FollowLink(126970)"img alt="thumb - Image 1" title="thumb - Image 1"
src="http://img.qj.net/uploads/articles_module/126970/winner-thumb.jpg?432532" style=""
align="left"/adun... dun.. dunnnnnnnn! span style="font-weight: bold; font-style: italic;"a
href="http://ps3.qj.net/tags/vermillion/12032" id="tag" title="LUA coder (Drum
Simulator)"Vermillion/a Night/span!brbrCongrats dude (or dudette). To claim your prize please just
email us at contest@qj.net with the subject title "a
href="http://ps3.qj.net/tags/digital-innovations/10365" id="tag" title="accessories"Digital
Innovations/a Contest Winner", no porn please. brbrAlso, be sure you use the email address you
signed up to QJ with so we can verify your identity! Once we get this info from you we'll have the
guys at Digital Innovations mail you your span style="font-style: italic;"hard earned/span
prize!brbrOnce again a hearty congrats and best of luck next time to the other participants! If
you're interested in learning more about what our contest sponsor offers, including their range of
gaming specific peripherals such as the Game Dr, Laser Lens Cleaning Kit and and LCD screen
cleaning kit, please check out the a rel="nofollow" target="_blank"
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dnb-sets.de -
1 days and 20 hours ago
T-FREE - free 320mp3 netlabel - technoid DnB (2) [17MB, 160 kbps]
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YouTube :: Recently Added Videos -
2 days ago
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doggdot.us -
2 days and 2 hours ago
Its a bad week for Internet porn, or at least for porn hoping to reach the masses through social
networking. Ning announced Monday that it will discontinue hosting adult-oriented networks in its
Red Light District as of January 1, and... pa
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doggdot.us -
2 days and 9 hours ago
One of the issues he plans to tackle in upcoming meetings this month, is a plan to give all
Americans free access to the Web via the airwaves -- minus the porn. pa
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