The Abacus 2006 is a significant advance over the first generation of MSN Direct watches.
The abacus is one of the first mechanical counting devices, an ancient ancestor of today's computers.
The Abacus deal that is the subject of the SEC lawsuit offers an apt case study.
In fact, the Abacus 2006 was no thicker than a workaday Seiko men's watch I purchased last year.
While operating the Abacus 2006 is straightforward, it can take a number of button presses to get to the content you want.
The SEC alleges that Goldman failed to tell investors of the role of Paulson in choosing mortgage securities underlying the Abacus deal.
Before the abacus, the best counting tool available was your own fingers.
That's not to stay there's no more innovation in the abacus world.
The abacus and eyeglasses were as momentous for the mental world as the needle and knife were for the physical, helping us create information societies.
In addition to the Abacus deal, the SEC has sought information about other CDOs the firm was involved with, without disclosing which deals are being investigated.
Trading exchanges make sense for vanilla products, but when it comes to highly unique, illiquid deals of the Abacus variety, an exchange would serve no purpose.
The SEC's investigators on the Abacus case were based in Washington, the regulator said in court papers, and didn't learn of the ACA log until the fall of 2012.
At some stage documents with numbers, and even long-term aspirations, will become necessary again, and the nation that invented the abacus will have to overcome its aversion to arithmetic.
Consumer watchdogs were slow to grasp the implications of the Abacus deal and of the fact that, in its wake, DoubleClick had quietly dropped from its website its pledge to keep users' data completely anonymous.
Even a deal in which Goldman neither admitted to nor denied committing fraud in the Abacus deal would damage the 141-year-old firm's standing with clients and increase the likelihood of a wave of civil lawsuits.
The more services that you've downloaded to the watch -- and the Abacus 2006 can accommodate practically everything that MSN Direct can throw at it -- the more time you spend dancing around instead of glancing at its interface.
The "Watch This Space" Award goes to the Abacus Smart Watch 2006 , a great improvement over previous smart watches using Microsoft's SPOT technology albeit one that Fossil itself seemed less excited about than the category runner-up, the Fossil Men's Bluetooth Watch .
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Earlier this year, the company, through its Abacus brand, revisited the technology in its Abacus Smart Watch 2006.
Like all of the MSN Direct watches, the 2006 Abacus uses FM radio technology to communicate updates to the device.
The poster makes reference to the notorious Abacus transactions of Goldman Sachs.
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And the Asian abacus remains so efficient that its purely mental form (in Japan, anzan) is faster than any electronic calculator.
Not only is it reminiscent, it also is tied by the inclusion of an Abacus CDO as part of the asset base of Squared.
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And the fact remains, regardless of who assisted in the process, ACA was ultimately responsible for selecting the securities in Abacus.
According to the SEC, Goldman and one of its vice presidents, Fabrice Tourre, in 2006 and 2007 developed marketing materials for the synthetic CDO Abacus 2007-AC1.
It also needed to convey the impression that the RMBSs in Abacus were selected solely by an independent third-party (ACA) in order to secure certain investors.
The oft-mentioned Abacus trade structured by Goldman Sachs for John Paulson and IKB was highly illiquid, and narrowly assembled for the clients in question.
Still, the Goldman Sachs non-scandal that was ABACUS caused many in the commentariat to wring their hands over Goldman foisting John Paulson onto some mortgage bulls, only to allegedly rip them off.
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What the sign references is the accusation that Goldman in essence let John Paulson design his own Abacus deal shorting the mortgage derivatives bubble and then went in search of suckers to take the long side of that bet.
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Goldman says one of the investors in the deal, the German bank IKB, had made inquiries that led to the transaction known as Abacus.
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