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eCounsel group

A boutique firm with unparalleled expertise in business and technology. We have good command of industrial ecology and legal practice, and have undertaken highly regarded cases. Because the small business scope, we pay more emphasis on effectiveness and efficiency, and choose clients with deliberation. The managing partner not only has extensive experiences in various legal issues more over than 20 years, but invests and manages several technology companies. In addition, he always checks each case rigorously. Clients’ business objectives are our primary focus. To achieve the same in the most cost-effective fashion trumps all seemingly sophisticated legal discussions.

Apple to Invest in Original Content

2015 - 09 - 02

Apple’s Move Into Content Creation Could Devastate Netflix And Amazon

Summary

Apple is reported to be recruiting executives to head up a content creation effort.

Apple will probably fund outside production companies to create Apple exclusive content as Netflix does.

This original content is expected to appear in a streaming video service for iTunes and Apple’s various devices. http://seekingalpha.com/article/3482136-apples-move-content-creation-devastate-netflix-amazon

重創 Netflix，問題不大；重創 Amazon? 不可能。

今年 6 月身價二百億美金的天王投資人 Carl Icahn 出清手上 Netflix 股票套現十億美金時，我就說過「Netflix是個不錯的視頻平台，我也是忠實用戶。但它的 China story 一點都不靠譜，目前21倍的股價淨值比、以及一直往200倍在衝的本益比，絲毫不具備合理性。再加上，Netflix距離構築一個完整、客戶不易離開的生態系，還遠得很…」（補充：目前 NFLX 的 P/E 已經破 250 倍了）請參https://www.facebook.com/790294164/posts/10153450172144165

Netflix 所提供的服務，滿足了人們日常生活裡的一小部分需求；但其可替代性，很高。

Amazon 呢?

當然，Apple 有二千億美元的現金部位還有一大部分停泊在美國境外，挪一部分買授權或製作獨家內容毫不費力。像我之前提到Netflix 用十億美金鎖了 Epix 兩年獨家內容這招，Apple 更是玩得起，再結合 Apple TV 搞軟硬補貼同時配合全球電信商去推相關收視資費方案，也挺合理。但是，這樣最多也只能戳破 Netflix 的泡沫吧? 我的預測是，這對 Amazon 股價之影響，連 5% 都沒有，要怎麼重創?

Amazon, Apple, Facebook, IT, iTunes, Netflix, NFLX, PE, streaming, 授權, 股價

Merger Is Not the Cure for Everything

2015-08-24

With Taiwan’s technology firms’ performance worsen, business pundits often advocates for mergers between local manufacturers or suppliers. 宏達電斷尾求生能否東山再起？「……光是靠台灣市場是沒有辦法讓宏達電起死回生的。唯一的辦法，也是拯救台灣品牌的方式，就是讓目前台灣幾家主要的智慧型手機廠商進行整併，大家一起重新整合資源，才有機會讓台灣品牌衝出一條路。」 http://udn.com/news/story/6848/1135575 每次遇到台廠出大問題，就會有企管蒙古大夫跳出來，開出「與競爭對手或上下游產業鏈整併」的處方箋。我看說他們蒙古夫夫並不貼切；藥到命除，用劊子手形容還合適些。 hTC + Asus + Acer + … 這種招式，小學生都講得出來。但是會不會有用? Continue reading

Is Google too powerful now?

2017-09-22

Google was recently slapped with a record-breaking €2.42bn fine for EU antitrust violations. The 7-year long investigation concluded that Google has been abusing its dominance of the search engine market in building its online shopping service, and…

Internal Controls Can't Close Loopholes?

2011-11-18

The origin of the problem is the the blank commercial papers. Buying and selling the commercial papers is the main business of the company, which can not operate without blank commercial papers. 妥善保管空白商業本票還有主管的印鑑，建立有效的核對方式這其實是問題發生的最源頭，公司主要的業務就是票券的買賣，沒有空白的票生意就做不成了，那空白的商業本票就是公司跟他人交易當中最常會使用到的物品了，公司本來就應該好好保管，不然就容易使不肖之徒心存僥倖。國票公司針對空白本票的存放太過隨便，使楊瑞仁想拿多少就拿多少。另外對於公司裡面空白本票的存放數量也沒有紀錄，減少的數量跟當天成立契約的數量是否相符也沒有人在關心，雙重的內控失靈使楊瑞仁放心的進行犯罪計畫。如果能夠將每天國票公司與客戶成立的各種券買賣契約建檔管理，那麼用成立票券買賣契約的數量與空白本票使用的數量來互相對照，就可以輕鬆了解剩下多少空白本票，而在有短少的情況下就可以及時發現了。另一個源頭就是印鑑的保管，有的公司可能未了方便而將印鑑隨手放在辦公桌上，使需要的人可以自行取用，同時卻也增加了不該用的人來使用它的風險，可行的辦法是重要印鑑由專人保管，比如說公司內部的稽核單位，每一次經過用印的文件都予以建檔管理，方便稽核人員從事稽核之工作，比如可以將公司買賣商業本票之契約與該本票放再同一個資料夾當中方便核對，有票卻沒有契約那就一定有問題。…

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