The Abacus 2006 is a significant advance over the first generation of MSN Direct watches.
The SEC enforcement action deals with only one so-called Abacus CDO, but there were others.
The poster makes reference to the notorious Abacus transactions of Goldman Sachs.
FORBES: Don't Blame Goldman Sachs For Hedging Its Bets And Staying In Business
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.
Around the year 1200, the Chinese refined the design, creating suan-pan, or the modern, wire-based abacus.
Unlike DoubleClick's data, which is entirely anonymous, Abacus had 88m real names and addresses.
Needle, knife, abacus, eyeglasses: These are my favorite tools when I think about humanity's origins and future.
In fact, the Abacus 2006 was no thicker than a workaday Seiko men's watch I purchased last year.
In the utterly unhealthy circumstances surrounding Abacus, though, that notion of due diligence, of responsibility, had broken down.
FORBES: Don't Blame Goldman Sachs For Hedging Its Bets And Staying In Business
Earlier this year, the company, through its Abacus brand, revisited the technology in its Abacus Smart Watch 2006.
The firm acknowledged its marketing materials on Abacus "contained incomplete information" by not disclosing Paulson's role in the deal.
Like all of the MSN Direct watches, the 2006 Abacus uses FM radio technology to communicate updates to the device.
"We believe past purchases are the best determination of what you'll buy in the future, " says Abacus Chief Executive Brian Rainey.
And the Asian abacus remains so efficient that its purely mental form (in Japan, anzan) is faster than any electronic calculator.
And the fact remains, regardless of who assisted in the process, ACA was ultimately responsible for selecting the securities in Abacus.
Fossil plans to sell the Wrist PDA under its own brand name as well as under a new brand called Abacus.
While operating the Abacus 2006 is straightforward, it can take a number of button presses to get to the content you want.
Every year the Manchester, Vt. catalog vendor gets hundreds of thousands of names from Abacus, based on more than 20 consumer models.
The SEC alleges that Goldman failed to tell investors of the role of Paulson in choosing mortgage securities underlying the Abacus deal.
Abacus doesn't try to convert Internet or store shoppers into catalog buyers.
We expect that the role of ACA as Portfolio Selection Agent will broaden the investor base for this and future ABACUS offerings.
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.
Abacus gives companies information on shoppers based on their buying history--from big-ticket items to knickknacks--often with details about household income, education and offspring.
Instead, "Abacus' focus is on getting every last penny from people who already shop via catalogs, " says Sherry Chiger, editor of Multichannel Merchant.
Not only is it reminiscent, it also is tied by the inclusion of an Abacus CDO as part of the asset base of Squared.
FORBES: Echoes of Abacus: JP Morgan to Face SEC Probe Over CDO Transaction with Hedge Fund
Goldman says one of the investors in the deal, the German bank IKB, had made inquiries that led to the transaction known as Abacus.
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.
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.
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