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CCP Wrangler

Posted - 2008.10.16 16:52:00 - [1]
 

Lately the whole world has experienced a lot of economic turmoil, and Iceland has been hit hard by this development. As a result we have seen a lot of discussions and posts asking how this affects CCP, EVE Online and the Fanfest. Things are better than you might think though, as our CEO, CCP Hellmar, explains in his blog: Born Global!

Fredou
Gallente
Hidden Agenda
Deep Space Engineering
Posted - 2008.10.16 16:56:00 - [2]
 

tons of blog these days, nice

Marus Safeld
Caldari
Trojans
Pride - Honor - Duty
Posted - 2008.10.16 17:06:00 - [3]
 

Originally by: Fredou
tons of blog these days, nice

The impact of the ghosttraining nerf must be worse than expected.

Altaree
The Graduates
Morsus Mihi
Posted - 2008.10.16 17:20:00 - [4]
 

I would like to do a USD to Kroner comparison but I don't know what a Kroner buys.... Any help?

Kappas.
Galaxy Punks
Posted - 2008.10.16 17:33:00 - [5]
 

What about the fact that a lot of people (from the UK anyway) are finding it extremely difficult (if not impossible) to get ahold of real world isk?

Qob
Posted - 2008.10.16 17:35:00 - [6]
 

I like how he calls Iceland's politicians a bunch of parochial hillbillies (in the nicest possible way, of course).

James Marshalll
Gallente
Posted - 2008.10.16 17:38:00 - [7]
 

Originally by: Fredou
tons of blog these days, nice



gotta cover tracks somehow.

Chribba
Otherworld Enterprises
Otherworld Empire
Posted - 2008.10.16 17:42:00 - [8]
 


Arithron
Gallente
Gallente Trade Alliance
Posted - 2008.10.16 17:50:00 - [9]
 

Thanks for the reassurance! I can sleep easy knowing Eve will still be there when I wake up...

Keep these excellent blogs coming; I personally value such open and expedient communication!!!

take care,
Arithron

Haradgrim
Systematic Mercantilism
Posted - 2008.10.16 17:53:00 - [10]
 

Good response, better than the press releases most CEOs in the EU or US are releasing this week.

Mashie Saldana
Minmatar
Veto Corp
Posted - 2008.10.16 17:58:00 - [11]
 

Will you accept creditcards at FanFest this year?

Ishina Fel
Caldari
Terra Incognita
Intrepid Crossing
Posted - 2008.10.16 18:03:00 - [12]
 

Has CCP considered to finally take its first open step towards World Domination, and buy up Iceland while the situation is convenient? Very Happy

Just think about it, you could have 300,000 new employees, and set them to work with just a government decree... YARRRR!!

DeODokktor
Caldari
Dark Templars
The Fonz Presidium
Posted - 2008.10.16 18:15:00 - [13]
 

Not sure if your complaining about Gordon Brown, or your own version of him :P..

What your PM did was wrong..
What Gordie did was equally wrong..

Childish move -vs- Childish move ;(

Serenity Steele
Dynamic Data Distribution
Posted - 2008.10.16 18:16:00 - [14]
 

Good to see a Dev post on this, and glad to see it matches expectations - distributed customers and currencies ftw!

Hugh Ruka
Exploratio et Industria Morispatia
Posted - 2008.10.16 19:04:00 - [15]
 

well given the recent money-grab actions from CCP (GTC change, ghost training change, Power of 2 promotion) I guess this does play a minor role ...

anyway I'd think you would just ignore any of these ... I mean I am not interested about hearing "global financial crisis" on every corner, even in the game I play to relax ...

CCP Wrangler

Posted - 2008.10.16 19:16:00 - [16]
 

Originally by: Mashie Saldana
Will you accept creditcards at FanFest this year?
Yes, your plastic will work at Fanfest. Cool

Niheim Brandt
Posted - 2008.10.16 19:21:00 - [17]
 

Icelanders do seem pretty impressive.

A) You eat rotted shark (kćstur hákarl?)
B) You have crazy liquor (brennivín?)
C) You have marches in support of the government during an economic meltdown

... Shocked

CCP Wrangler

Posted - 2008.10.16 19:25:00 - [18]
 

Originally by: Niheim Brandt
Icelanders do seem pretty impressive.

A) You eat rotted shark (kćstur hákarl?)
B) You have crazy liquor (brennivín?)
C) You have marches in support of the government during an economic meltdown

... Shocked

A) When they tell you it's a delicacy and tell you to try it, DON'T BELIEVE THEM!
B) The only time you should drink this is if you didn't follow my advice in A.

Tara Yang
Posted - 2008.10.16 20:44:00 - [19]
 

You know this blog was a great oppertunity to give some more insight in the ghost training fiasco.

IR Scoutar
Caldari
State War Academy
Posted - 2008.10.16 20:51:00 - [20]
 

not the blog i was expecting from the CEO of CCP

you know with the little "oopsies" lately Rolling Eyes


could you try again Hellmar ? prety please with sugar on top ?

Niccolado Starwalker
Gallente
Shadow Templars
Posted - 2008.10.16 21:01:00 - [21]
 

Edited by: Niccolado Starwalker on 16/10/2008 21:01:20

Great Devblog Hellmar!

But where is Oveur????

Honestly, you cant stay in that beer cellar forever! Get up man, and write us a decent devblog! You have lots to explain, seeing you have not made a decent post since last fanfest!


Oftherocks
22nd Black Rise Defensive Unit
Posted - 2008.10.16 21:18:00 - [22]
 

I appreciate the fact most game company CEO's don't even attempt to communicate with their customers and yet here we have a blog from Mr. Hellmar. However, this is all fluff, there is no real information being shared, just some vague political opinions.

Personally, I'd rather hear more about some of CCP's recent controversial decisions than read bland statements with little to no actual meaning.

Taedrin
Gallente
Kushan Industrial
Posted - 2008.10.16 21:22:00 - [23]
 

Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.

IR Scoutar
Caldari
State War Academy
Posted - 2008.10.16 21:50:00 - [24]
 

Originally by: Taedrin
Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.


dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account
taxes and the like you know
just how much nobodys gona tell you even remotly exact numbers, theyd be silly


thats the same sort of bs like cross boarder leasing
i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back
result : saving a decent amount of taxes and both get something out of it

that both things are even possible and have been for ages boggles the mind


in any case
id still like that devblog on actualy pressing matters mr hellmar Wink

Taedrin
Gallente
Kushan Industrial
Posted - 2008.10.17 00:52:00 - [25]
 

Originally by: IR Scoutar
Originally by: Taedrin
Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.


dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account
taxes and the like you know
just how much nobodys gona tell you even remotly exact numbers, theyd be silly

thats the same sort of bs like cross boarder leasing
i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back
result : saving a decent amount of taxes and both get something out of it

that both things are even possible and have been for ages boggles the mind


in any case
id still like that devblog on actualy pressing matters mr hellmar Wink


Actually, *ALL* publicly traded companies release these numbers in their annual financial statements. Liabilities to stock holder equity ratio can be computed from the Balance sheet. Most corporations (in the US at least), maintain a 60% level of activities funded by debt. The remaining 40% are funded by stock holder equity (through their own revenue, and through the sale of stock).

However, CCP is privately traded, so I don't think they release those statements to the public.

Oftherocks
22nd Black Rise Defensive Unit
Posted - 2008.10.17 01:47:00 - [26]
 

Originally by: Taedrin
Originally by: IR Scoutar
Originally by: Taedrin
Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.


dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account
taxes and the like you know
just how much nobodys gona tell you even remotly exact numbers, theyd be silly

thats the same sort of bs like cross boarder leasing
i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back
result : saving a decent amount of taxes and both get something out of it

that both things are even possible and have been for ages boggles the mind


in any case
id still like that devblog on actualy pressing matters mr hellmar Wink


Actually, *ALL* publicly traded companies release these numbers in their annual financial statements. Liabilities to stock holder equity ratio can be computed from the Balance sheet. Most corporations (in the US at least), maintain a 60% level of activities funded by debt. The remaining 40% are funded by stock holder equity (through their own revenue, and through the sale of stock).

However, CCP is privately traded, so I don't think they release those statements to the public.


CCP is not a publicly traded company, but they do have investors and thus they do release some of their financial records in the form of a Investor Prospectus. You can download the information from CCP's corporate web page.

Chainsaw Plankton
IDLE GUNS
IDLE EMPIRE
Posted - 2008.10.17 02:48:00 - [27]
 

fanfest, how I would love to go, I hear a few from idle are showing up. maybe next year (have a feeling I will be saying that next year too, really hope I'm not though. should get my passport now Embarassed)

RayGic Luke
Caldari
Posted - 2008.10.17 03:55:00 - [28]
 

Nice, at least a Blog to address our concerns of the impact the economic situation in Iceland has on CCP.

Now, let move on to the next issue...
Hellmar, have you seen this thread recently?
http://myeve.eve-online.com/ingameboard.asp?a=topic&threadID=896318

We will certainly appreciate if you can share your views on that issue too.

BIind
Posted - 2008.10.17 04:43:00 - [29]
 

Edited by: BIind on 17/10/2008 04:55:58
Originally by: Fredou
tons of blog these days, nice


As soon as this thread (which is probably the only thread to disappear from the Information portal for "technical reasons" ever) is off the news page you won't hear from them for weeks at a time.

Nate D
Hell's Rejects
The Council.
Posted - 2008.10.17 09:26:00 - [30]
 

Thank you Hellmar. I've been wondering how hard CCP was hit by Iceland's bank problems and the global credit crisis. Good to know that CCP and EVE is still strong.


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