Jeff Brandt is one of the founders of Communication Software, Inc. He has extensive experience in mobile telecomm, online banking, and healthcare information technology. Jeff has a BS in Computer Science from the University of Oklahoma and is currently attending Oregon Health Sciences University’s school of Bio-Medical Informatics.
I wrote an article for KevinMD.com several months ago discussing the benefits of Android for the healthcare market. I also compared Android with the iPhone. I listed the iPhone’s technical shortcomings and really angered the “believers of all things Apple”. That was not my intent. Apple’s latest release of iPhone 4.0 and their new operating system (OS) 4.0 corrects many of the problems that I mentioned. The shortcomings or benefits of a device are not the focus of this article. I am going to speak to the general philosophies of the two OS and let you make up your mind on which OS is better for your healthcare facility or personal/business use. (more…)
When I [Editor Steve] began looking at the role of equity capital in companies, I started out feeling sympathy for company directors, like those of Tunstall, which run businesses saddled with large debts. However, I have learned a few things along the way and my sympathy has evaporated somewhat.
I’ve also concluded that I understand very little about the magical world of company finance, but I’ll do my best to explain how I came to this conclusion after looking through two sets of Tunstall accounts for October 2008-September 2009 which recently become publicly available. [Note for US readers – although Tunstall is privately owned, its accounts are in the public domain.]
The first set of accounts, for Tunstall UK, gives a rosy picture. Profits of £28.7million before tax on turnover of £86.4million. However, Tunstall UK is just one part of the UK-based Tunstall Group, which made the astonishing — to me — loss of £84.1million on a worldwide turnover of £141.7million.
How was this loss achieved? And — this is where my accountancy friends tell me my lack of company finance understanding kicks in — how come a company in this position can still be a going concern? (more…)