Another Dark Little Corner
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Started this before change to "New Blogger", as backup in case of trouble with digiphoto blog "In a Small Dark Room", or rants & links blog "Hello Cruel World" . Useful - at one stage Dark Room was there, but like the astrophysical Dark Matter, we could't see it ... better now, but kept Just In Case.
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There is nothing. There is no God and no universe, there is only empty space, and in it a lost and homeless and wandering and companionless and indestructible Thought. And I am that thought. And God, and the Universe, and Time, and Life, and Death, and Joy and Sorrow and Pain only a grotesque and brutal dream, evolved from the frantic imagination of that same Thought. Mark Twain (letter to Joseph Twichell after his wife's death) [me, on a bad day] WRITER'S LINKS Absolute Write Paypal donation button: Absolute Write is one of the leading sites for information on writing and publishing, especially the scam versions thereof. It has a broad, deep online community with an enormous message base going back years. Now it needs help. See the details and discussion here Preditors and Editors Everything you wanted to know about literary agents On the getting of agents Writer Beware Miss Snark Writer's Net (and my Wish List) |
2004-07-13
Another use of internet & computer technology Virtually opening the books By Edmund Tadros July 13, 2004 A little lateral thought might produce other applications for this idea. http://www.smh.com.au/articles/2004/07/12/1089484296426.html [extracts of article] When WH Smith came to sell most of its Asia-Pacific businesses, it knew potential buyers would want to check the books. Management identified about 1900 documents relevant to the running of the three book-and-stationery chains up for grabs - Angus & Robertson in Australia, Whitcoulls in New Zealand and WH Smith in Hong Kong. Traditionally, a physical data room would allow potential buyers to carry out their due diligence. But the trouble with physical data rooms is the volume of electronic and physical documents means they are time-consuming to set up and run. In addition, too many interested bidding groups might mean having to set up another data room. Many have switched to virtual data rooms that contain electronic copies of all documents. Users still have to sign confidentiality agreements but going virtual means the data can, depending on security requirements, be easily accessed using computers either in a secure room or through the internet. In this case, WH Smith decided to use the online data-room system created by its lawyers, Clayton Utz. Edwards says some information was released only to serious bidders. "By putting (certain information) into a data room, you're actually up against the privacy laws (so) we took a decision to keep staff information out of the data room until we got to the serious players," he says. Six virtual data rooms were opened during the bidding period, with 110 users in three countries accessing the information. Each buying team had a posse of lawyers, accountants, business analysts and merchant bankers to wade through the books. "(Bidders) access the data room via secure internet connection (and) we keep an eye on file size and break up files that are too large to easily open," Most information was provided in Adobe's PDF format, with 257 documents released in Microsoft Word and Excel formats to allow the data to be manipulated by potential buyers. The online data room also allowed easy tracking of bidders' requests for information, (RFIs), which are lists of questions generated by the bidding teams as they examine the documents. Any documents that were added into the data room were indexed in a supplemental release. During the month the data room was open, 235 RFIs were received, requiring a total of 20 supplemental releases. An electronic data room also provides a clear audit trail Complete records are maintained of who had access to the documents and when; this eliminates the accusations later that information was not disclosed." At the end of the selling process a DVD was burnt of the complete set of data-room information, adding up to more than 2 GB of files
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