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[Techdirt] Sony BMG Caught Pirating Software - Page 3

post #21 of 41
Quote:
Originally Posted by WhiteCrane View Post
Funny... Enron and WorldCom got away with it.
Enron and WorldCom were guilty of hiding the fact that they were losing money, not hiding the fact that they were taking it. Enron, in particular, was a lot like Bear Stearns more recently:

1. You are a company who makes money by facilitating and advising on market transactions.
2. You realize that you are an expert and start counseling others for a fee and to bring them in the door as clients for other matters.
3. You realize that your clients are making more money than you during a boom in the market. You decide to get in on the act hint this is the dumb idea.
4. Since you are so sophisticated, instead of using your own money, you borrow massive amounts of money to use in your market positions. No need to overwork the company's capital! Hint. Not so much dumb as mindnumbingly overdone.
5. The market turns around and retreats. You didn't see it coming, or did and tried to stay in too long anyway, and you've lost more than you have left to pay back what you borrowed. Despite the fact that your original business is still exactly where it was you are now broke, and lose that too.

Moral of the story:

Nobody beats the market in the long run. Nobody.
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post #22 of 41
Quote:
Originally Posted by kmo_9000 View Post
You said it.
That's what she said.

Hope they burn for it, wankers.
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post #23 of 41
Quote:
Originally Posted by Schroedinger View Post
Enron and WorldCom were guilty of hiding the fact that they were losing money, not hiding the fact that they were taking it. Enron, in particular, was a lot like Bear Stearns more recently:

1. You are a company who makes money by facilitating and advising on market transactions.
2. You realize that you are an expert and start counseling others for a fee and to bring them in the door as clients for other matters.
3. You realize that your clients are making more money than you during a boom in the market. You decide to get in on the act hint this is the dumb idea.
4. Since you are so sophisticated, instead of using your own money, you borrow massive amounts of money to use in your market positions. No need to overwork the company's capital! Hint. Not so much dumb as mindnumbingly overdone.
5. The market turns around and retreats. You didn't see it coming, or did and tried to stay in too long anyway, and you've lost more than you have left to pay back what you borrowed. Despite the fact that your original business is still exactly where it was you are now broke, and lose that too.

Moral of the story:

Nobody beats the market in the long run. Nobody.
Everyone knows nothing outperforms the market in the long run, although MSFT did it for something over 20 years...

Anyway, Enron and Worldcom were in the business of financial services?...

Anyway the point I was trying to make is that no one from either firm went to jail... but people have been jailed in some parts of the world for downloading music and movies.

I honestly think Ken Lay faked his death... NO WAY he was going to jail. His private jet was flying bush around in the 2000 campaign.
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post #24 of 41
Quote:
Originally Posted by RickJS View Post
Quit complaining, this is news.
Can I has a back rub?
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post #25 of 41
Quote:
Originally Posted by John_Santi View Post
Ya sony are so bad. Like we will probably be hearing that the firmware on the sony PS3 is pirated. I mean it sucks anyway with no games.

Computers are so much better because you can acuire anything for virtualy nothing, just leave that bit torrent running for a while.
mate you are really pushing the bar. Don't do it.


-----------------------------------------------------------------------------
So these guys won't get fined?...thats retarded. I wonder how an artist would feel right now who have signed a deal with Sony BMG? I would be devastated and angry.
post #26 of 41
*Reads all the posts in thread*














































*opens utorrent*
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post #27 of 41
Quote:
Originally Posted by WhiteCrane View Post
Funny... Enron and WorldCom got away with it.
My post had zero to do with consequences and everything to do with personal ethics.

brad
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post #28 of 41
Quote:
Originally Posted by ThePope View Post
I agree to an extent. I actually find these threads interesting, but there have been soo many lately, I have lost interest.
That's because the s#!t has been hitting the fan recently. A few years back all you heard about was these groups suing 6 year olds and grandmother in their "moral crusade" against the evils of piracy. Now it has swung the other way, and karma seems to have bitten them in the ass.
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post #29 of 41
I am at work and haven't had the time to read the whole article, but why, exactly, where they raided in the first place?
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post #30 of 41
Thread Starter 
Quote:
Originally Posted by dralb View Post
I am at work and haven't had the time to read the whole article, but why, exactly, where they raided in the first place?

An employee called a French company for tech support and provided a serial number that Sony BMG did not own. As it turned out Sony BMG did not own any licenses from the product at all so they requested a raid and found a ton of unlicensed (aka pirated) software.

Here's the original article that Techdirt links to: http://www.zeropaid.com/news/9362/So...ssets%20Seized
     
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