February 7, 2012
Vol. 91 Issue 4
Chinese New Year draws in the masses
Watch the Daily Titan News in 3
Downtown Los Angeles recently hosted it’s 113th annual Chinese New Year Parade where people from all over the L.A. area celebrated a meeting of cultures.
ONLINE
Scan to view Get upto-date EXCLUSIVES dailytitan.com/2012/02/ coverage on daily-titan-newstop campus in-3-2072012 news stories.
Photo by David Le
See page 6
dailytitan.com The Student Voice of California State University, Fullerton
facebook files for public stock offering The IPO will impact the U.S. economy with its estimated value over $100 billion STEPHEN McGLADE Daily Titan
After eight years and securing over 845 million users, Facebook Inc. filed for an initial public offering (IPO) Wednesday. Business experts estimate the company will be valued somewhere between $75 billion and $100 billion. The company stands to gain up to $10 billion from investors at the IPO. These figures would make it the record holder for the largest U.S. Internet IPO, beating Google’s public offering in 2004. Even though the IPO is still months away, the company’s decision to go public has raised questions regarding the lifespan of the company, its ability to retain users and continue to pull in revenue. Forbes magazine has high hopes and says buy, but The Wall Street Journal advises caution as it is unknown if Facebook will be able to thrive as a public, global business, balancing its subscriber satisfaction while maintaining its profits and stock health. Hani Abbas, treasurer of the Accounting Society at Cal State Fullerton, 29, thinks the IPO will reveal a lot about the company’s intentions and financial stability. “One good thing about Facebook
going public is that we’re going to actually see what things Facebook is concerned about. “In the financial statements, they’re going to have to say, ‘This (is) where we are, this (is) what we’re looking forward to and this is what we’re concerned about,’” said Abbas. For Facebook to have valuable stock, the company needs to continue to earn revenue and grow as a company. Last year, the company made $3.7 billion in revenue, an 88 percent increase from the previous year. Currently, Facebook makes most of its money through ad sales, but a growing moneymaker is slowly emerging through the site’s games. Stacy Johnson, certified personal accountant and producer of Money Talks News, acknowledges that Facebook is an extremely valuable company, but also recognizes that the IPO is bringing a lot of hype. This build-up is likely to inflate the price of shares. Amy Cattelino, 20, vice president of activities for the Finance Association at CSUF, predicts the stock price will increase in the first few months. “The price is going to fluctuate so much. The price will rise within the first week. I believe we’re going to see a really big jump in the original price,” said Catelino. See FB, page 2
Bike-share is coming soon OCTA plans to install 15 stations with 150 bicycles in locations throughout Fullerton ERINN GROTEFEND Daily Titan
The Orange County Transportation Authority (OCTA) chose the city of Fullerton to take part in the Bike Share Station Pilot Program. The program will serve approximately two square miles, and plans to install 15 stations with 150 bicycles. According to Cal State Fullerton Transportation Programs analyst Benjamin Price, the stations will be electronically automated, allowing bicyclists to use an access card or code to unlock a bike at a station. Users would then ride to their destination and “turn in” the bike to a different station where it will be locked by the electronic system. Price said various schools and commercial areas across Fullerton were selected as potential locations for the actual bike stations. CSUF was one of the potential locations chosen. “It is estimated that the primary users will be students, faculty and staff of Fullerton schools, as well as workers of other employers in the city of Fullerton,” said Price. Price said another small, but possible group of users might be local residents or even tourists.
This group of people might use a bike to travel from one part of Fullerton to the other. Users will have the option of taking a leisurely ride from a restaurant to a museum or theater. Biological science major Vanessa Padilla, 19, said some students might be interested in a bike-sharing program, but she would not be interested due to past experiences. “I’ve had accidents where I’ve crashed into a little girl, and I’ve crashed into walls and I’ve fallen over many times,” said Padilla. “I don’t really like bikes.” Padilla said most CSUF students who want to ride a bike already own one, and a bikesharing program would be more useful on a larger campus. OCTA’s assistant marketing specialist Weston Parsel said anyone with a credit card is able to purchase a day pass, short-term pass or an annual membership. These memberships give users unlimited checkouts and rides under 30 minutes. If users go over 30 minutes, they will have to pay a user fee that steadily rises to encourage short trips and high bike turnover. “If a student only took it for 30 minutes at a time, it’s possible to just pay the annual fee every year,” said Parsel. “The annual fee hasn’t been decided yet, but other bike-share vendors range from $50 to $100.” See BIKES, page 3
Contact Us at dtnewsdesk@gmail.com
ANDERS HOWMANN / Daily Titan Former president Milton Gordon, among colleagues and friends in the TSU, cuts the cake at a tribute event dedicated to his contributions over the years to CSUF.
Gordon celebrated at tribute event Students, faculty and staff honor Milton Gordon’s 21-year tenure LANCE MORGAN Daily Titan
An appreciation reception for retiring President Milton A. Gordon attracted students, faculty and staff to thank and send off the former leader of Cal State Fullerton. Gordon served as president of CSUF for 21 years. The tribute event, held Monday in the crowded Titan Student Union, focused on the highlights of Gordon’s career: providing accessibility to higher education and a strong focus on students and campus youth. Gordon and his wife, Margaret Faulwell Gordon, were honored for their commitment to higher education in Orange County for the past two decades.
Willie Hagan, current interim president at CSUF, served as the master of ceremonies for the event. Hagan emphasized Gordon’s vision of providing accessibility to a college education for all students. “That has been his biggest legacy; that he has made the opportunity of higher education available to probably more students than any president that has ever been at this university,” said Hagan. Diversity and academic excellence have been hallmarks of Gordon’s career, according to Dr. Kandy Mink Salas, associate vice president of student affairs. “He very recently served as the president of the Hispanic Association of Colleges and Universities, the first African-American president to do that,” said Salas. “And I think that really shows the university’s commitment to diversity and his personal commitment to diversity – making higher education accessible to all students.”
Accounting and Chicano studies junior Eloisa Amador, and Chicano studies, sociology and Spanish senior Anna Díaz Villela, have both experienced Gordon’s national commitment to Hispanic education. When serving as the president of the Hispanic Association of Colleges and Universities, Dr. Gordon did a lot to bring more awareness about the Chicano-Latino committee here, and most importantly he opens his home every year to Chicano and Latino students, faculty and staff for a reception, according to Díaz Villela. Just as Gordon announced his retirement last fall, he announced that he was able to allocate an additional $1 million towards a fund for research on campus. This shows his high academic and intellectual standards, said Mink Salas. Gordon has also managed to balance good business with a friendly and approachable attitude,
according to Dean of CSUF’s College of Business and Economics Anil Puri. Puri claimed that Gordon was instrumental in the building of Steven G. Mihaylo Hall. “When conditions got tough, costs went up and the Chancellor’s Office would not give us any more money, he continued to support the project and he found the money to get it built,” said Puri. Puri also said that he was always surprised at how well Gordon could remember people’s names and always seemed to have time to talk to people. “Given his position, I think that is remarkable,” Puri said. Gordon believes that his highlights over the past 21 years have included CSUF’s growing diversity and the university’s leadership in incorporating technology into education. See TRIBUTE, page 3
FEATURES | Men’s fashion
The look for fall: restrained chaos For Paris and Milan’s FallWinter 2012-2013 fashion week, designers contrasted tradition with innovation JOEY BECERRA & DANIEL ZAMILPA Daily Titan
2012 is proving to be all about the men this year; their fashion, that is. Across the pond, designers in both Milan and Paris recently showcased their Fall/Winter 2012-2013 collections. What was most exciting about this particular fashion season is that the world can see how similar or different high-end, ready-to-wear clothing will be in a year’s time. This season, runway looks were dapper. Suits and coats of all styles graced the runway, showcasing everything on the fashion spectrum from velvet to neon colors and fur. The dichotomy of elegant and refined tailoring versus progressive-aggressive clothing was something that was apparent in both cities. In terms of elegant and refined looks, the class factor was really delivered with the collections of
Courtesy of PR Consulting Synthetic materials were a theme at ACNE Studios.
Dolce & Gabbana, Burberry Prorsum, Prada and Yves Saint Laurent. These four powerhouses consistently bring their A-game, especially when it comes to the grandeur of men’s autumn and winter fashion. A staple piece that consistently showed up at the shows was the lengthened coat, which includes overcoats, top coats and three-quarter
Courtesy of PR Consulting The ACNE collection was influenced by young love.
length coats. Christopher Bailey, designer for Burberry Prorsum, kicked the season off in Milan with an ode to tailoring, designing for the proper gentleman with a sporty edge. See MEN’S, page 5