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ModusLink has $900 million in net operating loss carry-forwards. Prior to renaming itself ModusLink and focusing on logistics, the company was internet incubator CMGI. During the dotcom bubble, the company at one point had a market capitalization of over $45 billion! While the company was a terrific failure, managing to squander billions of shareholder capital, it generated significant taxable losses. These losses can be used to defer taxable income going forward. Because ModusLink has not been profitable in recent history, the auditors force the company to record a valuation allowance against its $800 million in deferred tax assets (which would allow it to shield ~$2.1 billion or so in taxable income). While it is prudent to keep a reserve against some of these assets, now that operations have been turned around, the company is expected to generate a profit starting with the current year and begin making use of these tax assets.

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Borneo

Borneo (administratively divided between Indonesia, Malaysia and Brunei) is the third largest island in the world. It has an area of 743,330 km² (287,000 square miles), and is located at the centre of the Malay archipelago and Indonesia. Borneo is considered to be part of the geographic region of Southeast Asia. Borneo is only a western reference and the term is rarely used locally; the name Borneo itself was only given by the Dutch during their colonial period. In Indonesia, the island is always referred to as Kalimantan while in Malaysia the northern section is referred to as East Malaysia, as opposed to western reference of Malaysian Borneo. Borneo is the third largest island in the world, surrounded by the South China Sea to the north and northwest, the Sulu Sea to the northeast, the Celebes Sea and the Makassar Strait to the east, and the Java Sea and Karimata Strait to the south. Satellite photo of Borneo.To the west of Borneo are the Malay Peninsula and Sumatra. To the south is Java. To the east is the island of Sulawesi (Celebes). To the northeast is the Philippines. Borneo's highest point is Mount Kinabalu in Sabah, Malaysia, with an elevation of 4,095 m (13,435 ft.) above sea level. This makes it the world's sixth highest island. Pimp-My-Profile.com - Build a Slideshow

Borneo peat swamp forests

The Borneo peat swamp forests is a tropical moist forest ecoregion on the island of Borneo, which is divided between Brunei, Indonesia and Malaysia. Peat swamp forests occur where waterlogged soils prevent dead leaves and wood from fully decomposing, which over time creates thick layer of acidic peat. Peat swamp forests occur in coastal lowlands, behind the brackish or salt-water mangrove forests that lie near the coast, and bounded by the Borneo lowland rain forests on better-drained soils. Over the past decade, the government of Indonesia has drained some of the Borneo peat swamp forests for conversion to agricultural land. The dry years of 1997-8 and 2002-3 saw huge fires in the peat swamp forests. A study for the European Space Agency found that the peat swamp forests are a significant carbon sink for the planet, and that the fires of 1997-8 may have released up to 2.5 billion tonnes, and the 2002-3 fires between 200 million to 1 billion tonnes, of carbon into the atmosphere.

TATTOOING IN BORNEO

Borneo, located in South East Asia is the third largest island in the world. The natives of Borneo consist of different tribes where each has its own language and culture. Though their languages and cultures are different, all tribes share something in common: the tradition and practice of tattooing. For many centuries, the tradition and practice of tattooing has also been a way of life for the Iban - one of the largest tribe amongst the natives. Tattoos were very much entwined with every aspect of their culture. The practice of tattooing was a sacred activity that connected the people to the spiritual world. Tattooing was also linked to the men's success in headhunting and the coming of age amongst the womenfolk. Aside from symbolizing their social status, tattoos also enhanced the women's beauty. It is believed that the darker the color of the tattoo, the more beautiful the tattoo and the bearer is. Women were also tattooed as proof of their accomplishments inWeaving, dancing or singing. Aside from these, the Ibans also bore tattoos for protective purposes as it's saidToHelp ward offHarm and disease.

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