Tuesday, October 18, 2011

Last days of Steve Jobs


Sources ;Charles Duhigg, NYT News Service | Oct 8, 2011, 12.06AM IST



Over the last few months, a steady stream of visitors to Palo Alto, California, called an old friend's home number and asked if he was well enough to entertain visitors, perhaps for the last time.

In February, Steven Jobs had learned that, after years of fighting cancer, his time was becoming shorter. He quietly told a few acquaintances, and they, in turn, whispered to others. And so a pilgrimage began.

The calls trickled in at first. Just a few, then dozens, and in recent weeks, a nearly endless stream of people who wanted a few moments to say goodbye, according to people close to Jobs. Most were intercepted by his wife, Laurene. She would apologetically explain he was too tired to receive many visitors. In his final weeks, he became so weak that it was hard for him to walk up the stairs of his own home anymore, she confided to one caller.

Some asked if they might try again tomorrow. Sorry, she replied. The man who valued his privacy almost as much as his ability to leave his mark on the world had decided whom he most needed to see before he left.

Jobs spent his final weeks - as he had spent most of his life - in tight control of his choices. He invited a close friend, the physician Dean Ornish, to join him for sushi at one of his favorite restaurants in Palo Alto. He said goodbye to longtime colleagues, including the venture capitalistJohn Doerr, the Apple board member Bill Campbell and the Disney chief executive Robert A Iger. He offered Apple's executives advice on unveiling the iPhone 4S, which occurred on Tuesday. He spoke to his biographer, Walter Isaacson. He started a new drug regime, and told some friends that there was reason for hope.

On the days that he was well enough to go to Apple's offices, all he wanted afterward was to return home and have dinner with his family. Mostly, he spent time with his wife and four children - who will now oversee a fortune of at least $6.5 billion, and, take on responsibility for tending to the legacy of someone who was as much a symbol as a man.

"Steve made choices," Ornish said. "I once asked him if he was glad that he had kids, and he said, 'It's 10,000 times better than anything I've ever done.'"

"But for Steve, it was all about living life on his own terms and not wasting a moment with things he didn't think were important. He was aware that his time on earth was limited. He wanted control of what he did with the choices that were left."

In his final months, Jobs's home - a large and comfortable but relatively modest brick house in a residential neighborhood - was surrounded by security guards. His driveway's gate was flanked by two black SUVs.

On Thursday, as online eulogies multiplied and the walls of Apple stores in Taiwan, New York,Shanghai and Frankfurt were papered with hand-drawn cards, the SUVs were removed and the sidewalk at his home became a garland of bouquets, candles and a pile of apples, each with one bite carefully removed.

"Everyone always wanted a piece of Steve," said one acquaintance who, in Jobs's final weeks, was rebuffed when he sought an opportunity to say goodbye. "He created all these layers to protect himself from the fan boys and other peoples' expectations and the distractions that have destroyed so many other companies. But once you're gone, you belong to the world."

Jobs's biographer, whose book will be published in two weeks, asked him why so private a man had consented to the questions of someone writing a book. "I wanted my kids to know me," Jobs replied, Isaacson wrote on Thursday in an essay on a website. "I wasn't always there for them, and I wanted them to know why and to understand what I did."

Because of that privacy, little is known yet of what Jobs's heirs will do with his wealth. Unlike many prominent business people, he has never disclosed plans to give large amounts to charity. His shares in Disney, which Jobs acquired when the entertainment company purchased his animated film company, Pixar, are worth about $4.4 billion. That is double the $2.1 billion value of his shares in Apple.

Many people expect that attention will now focus on his wife, Laurene Powell Jobs, who has largely avoided the spotlight, but is expected to oversee Jobs's fortune. A graduate of the University of Pennsylvania and the Stanford Graduate School of Business, Powell Jobs worked in investment banking before founding a natural foods company. She then founded College Track, a program that pairs disadvantaged students with mentors who help them earn college degrees.

Jobs himself never got a college degree. Despite leaving Reed College after six months, he was asked to give the 2005 commencement speech at Stanford. In that address, delivered after Jobs was told he had cancer but before it was clear that it would ultimately claim his life, he said the benefit of death is you know not to waste life living someone else's choices. "Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition."

In his final months, Jobs became even more dedicated to such sentiments. "Steve's concerns these last few weeks were for people who depended on him: the people who worked for him at Apple and his four children and his wife," said Mona Simpson, Jobs's sister. "His tone was tenderly apologetic at the end. He felt terrible that he would have to leave us."

As news of the seriousness of his illness became more widely known, Jobs was asked to attend farewell dinners and to accept various awards. He turned down the offers. When one acquaintance became too insistent on trying to send a gift to thank Jobs for his friendship, he was asked to stop calling. Mr. Jobs had other things to do before time ran out.

"He was very human," said his physician Ornish. "He was so much more of a real person than most people know. That's what made him so great."
©2011 The New York Times News Service

Steve Jobs' last big project: iPhone 5




Source :TOI Tech | Oct 17, 2011, 06.10PM IST



Steve Jobs' last big project was not iPhone 4S, but iPhone 5, according to a news report. According to the CNet report based on a research note made by Rodman & Renshaw analyst Ashok Kumar, the next-generation iPhone "was the last project that Steve Jobs was intimately involved with, from concept to final design. For that reason...this product will establish the high water mark for iPhone volumes."

In the note, Kumar claims that the phone will have a slimmer profile and larger screen size but will have the same dimensions as iPhone 4S. 

The iPhone 5 is also expected to have LTE, or Long Term Evolution, commonly referred to as 4G.



The analyst anticipates that iPhone 5 should debut during Apple's Developers Conference in summer of 2012.
Quoting another source, the report says that iPhone 5 is a "complete redesign" which people worldwide were eagerly waiting for. Jobs is said to be not that involved in the Apple 4S because he knew "his time was limited."

Apple's stock fell as much as almost 5% at one stage, as Apple CEO Tim Cook unveiled iPhone 4S. Apple's newest iPhone failed to wow several of Wall Street analysts and Apple fans.

Bank of India files complaint against employee


Source :rupeetimes :Neelima Shankar :Oct 13,2011



The official posted in the Civil Lines branch of Allahabad has been accused of illegal transfer of funds worth Rs 34 lakhs from several accounts to a single account which turned out to be a fraudulous one.


The accused official named Ajay Mahendra is however absconding.


He opened the fake account in the name of Shahid Ali Siddiqui wherein he deposited funds amounting to Rs 34,66,000.


The fraud took place in the financial year 2009-10.

You have got (fake) mail from RBI


Source :Piyush Pandey, TNN Oct 12, 2011, 03.33AM IST



 A recent email doing the rounds, purportedly from the Reserve Bank of India (RBI), informs account-holders that they are in for a windfall as the central bank has decided to release unclaimed deposits to the beneficiary.
The email, the latest version of online frauds, is full of errors. It states that RBI governor D Subbarao met with the senate committee on finance, although there is no such committee.
RBI spokesperson Alpana Kilawala said the mail was fraudulent, there was no such communication, and Subbarao had not attended any such meeting. "We lodge police complaints when such fraudulent mails are brought to our notice. We have put up two advisory notes on our website asking people not to pay money to receive funds from abroad. RBI never asks for your bank account details."
Scams employed by fraudsters include one where the recipient is told to send funds to cover the cost of remitting proceeds of a lottery he has won.
 In another phishing scam, account-holders are sent a link to a website that looks like the genuine homepage of a bank site, but is a trap to record the useras password. International scamsters seek account details of individuals whom them entrap into acting as a˜money mulesa as a conduit for transferring funds stolen from other accounts.
The fake RBI email states that the recipient is listed as a beneficiary in the recent schedule for payment.
 "We are writing this email to inform you that 750,000 GBP {Seven Hundred Fifty Thousand Great British Pounds Sterling} will be release to you, as it was committed for (RBI) Governor that Beneficiary will have to pay crediting fees only. So you are therefore required to pay 24,500 INR ONLY. To credit your account immediately making a decline for 2 working day after date of receiving this mail. Also reconfirm/provide your bank account details-for crediting."
An earlier statement by RBI advised the general public against responding to offers of moneys from abroad. It stated that they are fraudulent and advised people to immediately register a complaint with the local police or cyber crime authorities when they receive such offers or become a victim of such fraud.