Canon SX200 Point-and-shoot Camera
Canon releases its new point-and-shoot digital camera. The SX200 is a 12MP digital camera that boasts 12x zoom 28mm wide-angle lens, 720p video recording and a 3 inch display. You can purchase this camera when it is released next month for $350. The Canon SX200 will be available in Cherry Red, Black or Blue.
[Canon]
Canon SX200 Point-and-shoot Camera
Canon releases its new point-and-shoot digital camera. The SX200 is a 12MP digital camera that boasts 12x zoom 28mm wide-angle lens, 720p video recording and a 3 inch display. You can purchase this camera when it is released next month for $350. The Canon SX200 will be available in Cherry Red, Black or Blue.
[Canon]
FujiFilm delivers five new FinePix cameras: Z33WP, Z30, S1500, J20, J250
(Via Engadget.)
FujiFilm delivers five new FinePix cameras: Z33WP, Z30, S1500, J20, J250
(Via Engadget.)
Canon D10 Water, Shock And Freeze Proof Camera
Check out the latest point-and-shoot camera from Canon, the PowerShot D10 IS. It�s waterproof, freeze proof and shockproof as well. The camera itself is equipped with a 12.1-megapixel resolution, 3X optically stabilized zoom lens and VGA video recording capabilities. Apart from that, this amazing camera able to withstand depths up to 33 feet deep, freeze proof from 14 degrees Fahrenheit and shockproof up to four feet. The Canon PowerShot D10 will set you back $329.99 when it�s out in early May.
[Gizmodo]
Canon D10 Water, Shock And Freeze Proof Camera
Check out the latest point-and-shoot camera from Canon, the PowerShot D10 IS. It�s waterproof, freeze proof and shockproof as well. The camera itself is equipped with a 12.1-megapixel resolution, 3X optically stabilized zoom lens and VGA video recording capabilities. Apart from that, this amazing camera able to withstand depths up to 33 feet deep, freeze proof from 14 degrees Fahrenheit and shockproof up to four feet. The Canon PowerShot D10 will set you back $329.99 when it�s out in early May.
[Gizmodo]
Warren Buffett�s Berkshire Hathaway Inc. posted a fifth-straight profit drop, the longest streak of quarterly declines in at least 17 years, on losses from derivative bets tied to stock markets.According to the Wall Street Journal Buffett's exposure on those derivatives now stands at $10 billion up from $6.7 billion at the end of the third quarter. See Berkshire Hathaway Reports Worst Year Ever for more details.
Fourth-quarter net income fell 96 percent to $117 million, or $76 a share, from $2.95 billion, or $1,904 a share, in the same period a year earlier, the Omaha, Nebraska-based firm said in its annual report. Book value per share, a measure of assets minus liabilities that Buffett highlights in his yearly letter to shareholders, slipped 9.6 percent for all of 2008, the worst performance since Buffett took control in 1965.
�The credit crisis, coupled with tumbling home and stock prices, had produced a paralyzing fear that engulfed the country� at the end of 2008, Buffett in his letter to shareholders today. �A freefall in business activity ensued, accelerating at a pace that I have never before witnessed.�
Berkshire shares have fallen 44 percent in the past year as the value of the firm�s top equity holdings dropped and losses increased on the derivatives. Nineteen of the top 20 stocks in Berkshire�s U.S. portfolio declined last year.
�Major Mistake�
Coca-Cola Co., Berkshire�s top holding, dropped 26 percent. American Express Co. plunged 64 percent. Oil producer ConocoPhillips fell 41 percent, and Buffett said in his shareholder letter that he made a �major mistake� in buying shares when oil and gas prices were near their peak.
Berkshire�s equity derivatives were sold to undisclosed buyers for $4.85 billion as of Sept. 30. The derivatives are tied to four indexes -- the S&P, the U.K.�s FTSE 100 Index, the Dow Jones Euro Stoxx 50 Index and Japan�s Nikkei 225 Stock Average. The indexes would all have to fall to zero for Berkshire to be liable for the entire amount at risk, which was $37.1 billion as of Dec. 31 and can fluctuate with currency valuations. Buffett previously identified only the S&P.
Under the agreements, Berkshire must pay out if, on specific dates starting in 2019, the four benchmarks are below the point where they were when he made the agreements. Buffett, recognized as one of the world�s pre-eminent investors, gets to use the money in the interim. The liabilities on the derivatives are accounting losses that reflect the falling value of the stock indexes, not cash Berkshire has paid out.
�Derivatives are dangerous,� Buffett said in the annual letter. �Our expectation, though it is far from a sure thing, is that we will do better than break even and that the substantial investment income we earn on the funds will be frosting on the cake.�
The worldwide recession and global contraction of the credit markets are giving Buffett, 78, opportunities to invest some of the firm�s cash hoard, which was about $25.5 billion at yearend, down from $33.4 billion three months earlier.
