Michael Birch is an English computer programmer and entrepreneur... (wikipedia)
With the miners looking shaky, the temptation is to look elsewhere; either for earnings certainty or for relative underperformance, and the banks have that in spades.
The problem with Myspace was always that it was never as strong a product as it needed to be. It left itself vulnerable to competition. It was only a matter of time before someone created something better.
I have always been very tech-focused, which you may almost say is the traditional CEO in Silicon Valley.
Resources have underpinned the strength of the market.
Those rail assets are being used to funnel commodities all over the place. With Babcock & Brown involved it tells you that they expect a fair bit of growth.
Any company that goes through an integration, buying a new business, there are always risks. So as soon as we see that bedded down, a lot more comfortable we'll be. We still think that mining services, companies related to resources, will do really well next year.
For it to be fun, you have to connect with your friends. So you badger them into signing up.
Everyone is nervous. Not many investors were expecting further rate increases, but now stocks are being sold on that basis.
I built websites for myself. I didn't want to work for anyone else. I came from a science background, so I approached things fairly analytically.
I don't have any great ambition to go out and make money. But I am still fascinated in starting up businesses and starting it in a way and running in a way that I want to do it.
I wanted to build something that was a system - that was mechanical and would propagate itself like a virus. I needed a way for it spread from person to person, and the best way to do that was trying to get someone to get their friends to sign up.
Myspace was always a bit edgy. People identified it with edginess and music.
When I was a kid, I really liked playing chess, which is pretty geeky; I just enjoyed it - thinking, exercising my mind. And I found computers to be like an eight-hour day chess game.
Birthday Alarm was a very simple site based on being reminded of your friends' birthdays.
If you are going truly viral, you don't need press. I mean, MySpace grew for a very long time without any press.
People can live without a Facebook account: my 13-year-old daughter has cancelled her account because it's not cool anymore.
The fundamentals are still sound but the stock has been priced for all their businesses to perform perfectly and we didn't see a lot more upside.