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The judge ruled today that Novell, not SCO, owns the Unix copyrights. SCO stock tanked almost 80% in about fifteen minutes.
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The judge ruled today that Novell, not SCO, owns the Unix copyrights. SCO stock tanked almost 80% in about fifteen minutes.
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Of course, for them a near-80% stock slide amounts to thirty-six cents.
The more I read about economics, the more I think the Efficient Markets hypothesis is a pretty good approximation of reality. As new information enters the market, the market adjusts at its maximum possible rate.
In the information age, the adjustment rate is measured in a significant fraction of c. :)
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