Enterprise headlines and summaries, 2009-04-01

  • U.S. private sector axes 742,000 jobs in March
    Job losses in the U.S. private sector accelerated in March, more than economists’ expectations, according to a report by ADP Employer Services on Wednesday. Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.
  • Ingres puts one foot in front of the other
    By themselves none of these are worth a mention. Even collectively they are easy to lose in the agate. But consider the headwinds Ingres, and all of us, are facing right now. Deals are tough to do. Ingres does deals. So take a moment, today, and give a turtle its props. Slow and steady can win the race too. As Ingres is proving.
  • The Next Big ERP Innovator: Microsoft
    At that time, Warren Wilson, a research director at Ovum, noted that despite still being considered a “newcomer,” Microsoft was “committing more and more resources to its Dynamics solutions, and its ability to integrate Dynamics with its ubiquitous Windows applications—especially Office—makes Microsoft a threat that neither SAP nor Oracle can afford to take lightly.” Now Microsoft has found another analyst “believer” in Albert Pang, IDC’s director of enterprise applications research. In a recent report on Microsoft’s Convergence conference (subscription required), Pang writes that Microsoft revealed many new products, including several still in prototype stage, that will be instrumental in restoring growth to the enterprise applications market. Pang gushed even more:
  • Former Highflier’s Final Landing
    Silicon Graphics Inc., once one of the computer industry’s highest fliers, filed for bankruptcy protection for a second time and will sell its assets to Rackable Systems Inc. for $25 million. Rackable, a younger maker of server systems that has gone through its own problems lately, said Wednesday it plans to use SGI’s hardware and services to expand its business in high-performance computing and other sectors.
  • Slump Hits Home for Venture Capitalists
    Rental activity slowed to a near-halt last year. And while rents appear healthy — at an average $12.48 a square foot a month at the end of 2008 compared with $11.97 a year earlier — local landlords such as Blackstone Group LP’s Equity Office Properties recently reduced their asking rents by around 10%. The road’s vacancy rate also increased to 6.6% at the end of the year, up from 4.5% a year earlier — the first time since late 2005 when Silicon Valley was recovering from the tech-stock bust that the vacancy rate has risen above 6%, according to brokerage Cornish & Carey Commercial. More telling, the amount of sublease space on Sand Hill Road jumped more than sevenfold in 2008, as venture-capital and private-equity firms downsized. Local brokers say asking rents for the sublease space are at least 10% less than those of direct rents. And building values along the road have also fallen 30% since their 2007 peak, according to Reis.
  • Independent Oracle Users Group Addresses Top Issues on Oracle Technologies at COLLABORATE 09
    Independent Oracle Users Group (IOUG: undefined, undefined, undefined%) is again hosting its annual educational event COLLABORATE 09: Technology and Applications Forum for the Oracle Community, May 3-7 in Orlando, FL, with third-year co-hosts the Oracle Applications Users Group (OAUG: undefined, undefined, undefined%) and the Quest International Users Group (Quest). The event is recognized as one of the largest and most comprehensive Oracle-based user conferences, and COLLABORATE provides a central location for education and networking with more than 7,500 professionals in the greater Oracle community.
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