CFA India students left in lurch

So after assuring Indian CFA candidates that they will be able to defer their exams to December 2007, now CFAI has infromed that it’s not sure whether exams will be held in December or not. So, thousands of wannabe financial analysts are left in lurch. I wonder if CFA Institute will refund the Level I fee and the registration fee for candidates who got refund for Level II examination because now, technically, they won’t be able to get a CFA charter and Level I exam is a waste. So ethically and morally (championed by our CFAI) those candidates should get a full refund of their previous exams.

What I feel is that they have posted all these warnings just to save them from a ‘contempt of court’ charge. Actually there is no check on Indian candidates as long as they give postal address of some other country and sit for the exam in Nepal or Sri Lanka.

What you should do? Just wait till august for the 2nd deadline, if no court decision comes till then (which won’t, given Indian judiciary) then go ahead, call up your relatives in US, UK, anywhere but India, take their address and register for CFA and give exam center as Nepal as you will be on a trip to Nepal at that time 😉

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The build up to iPhone

3 days to iPhone launch and news is flying left right and center about how it’s being shipped to betting to the success of iPhone. Riding on one of the biggest buzz in recent years there is no doubt that there will be a long waiting list of Apple fanboys waiting to get their hands on iPhone. After the announcement in January the Apple stock price has climbed from 85$ to a current all time high of 123$. Can apple live up to the hype?

I am afraid the answer would be a no. No in a short term. But yes in long run i see Apple delivering.

As the iPhone rolls out, at least the first version is bound to be buggy with so many features crammed into one machine. People with quickly come out with what’s wrong with the iPhone and the stock price is bound to take a hit.

Let’s wait for June 29th to see how true all this is.

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IITK Kanpur website hacked – twice!!

Seems like someone from McDonalds hacked the IIT Kanpur website….not once but twice in 2 days.

And I must say, the hacker has a great sense of humor. Initially he announced that McDonald’s has bought IIT Kanpur for 40 billion $ and the next say he increases it to 80 billion. Well one thing is good that the hacker is most probably a Indian as he also says that we are against reservation.

As of now the website is again down. The Computer Center authorities must be having some sleepless nights. Though it’s good that some hacker thinks the site of IITK important enough to be hacked!! Otherwise all they hack is MIT’s website.

The screenshot below is of the first time the site was hacked.

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