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Showing posts from December, 2004

Why I hate movie rental places (and love Netflix)

Anyone catch the "news" that Blockbuster is eliminating late fees? Great stuff, huh? Absolutely not: these guys just can't get off the jones of the free money this generates. Don't believe me? Read on: Loose Cannon: Blockbuster Bets: Will Customers Lose? By Richard H. Levey Picture the stock market as a giant roulette wheel. (From personal experience, I can say this is not just a fair, but perhaps an overly kind analogy. I see it more as a two-armed bandit.) Before placing a bet on Blockbuster Inc. to win in 2005, consider the following. On Jan. 1, the movie-rental chain will launch a program that will eliminate late fees. At least, that's what the company is telling customers. But if the plan Blockbuster announced last week is put into action, that's not what customers are going to experience. In 2005, late fees would have generated between $250 million and $300 million for the company, according to Blockbuster's own press releases. But under th

Froogle Wish List

'Tis the season! With the success I had with my Amazon wish list for my birthday, I'm broadening my reach. Froogle's Wish List , brought to you by Google, allows you to add products from hundreds of retailers, not just Amazon. Not as elegant as Amazon's, but the selection is ideal. Thanks to Loren for The Godfather trilogy, and Lani & Pete for the tremendous steak knives! Now that's using a wish list! BTW, Lani & Pete: I owe you a coin!