Enterprise headlines and summaries, 2009-04-10

  • O’Brien: Dwindling public companies means big changes in the valley
    Tucked into the annual Mercury News data-palooza known as the Silicon Valley 150, there’s one nugget of information that I think tells us more than all the other lists and numbers about the profound changes in store for this region: The number of public companies in Silicon Valley fell for the eighth consecutive year in 2008, to 261. Forget the inflated dot-com peak of 417 in 2000. It’s also below the 315 the valley had in 1994, when the Mercury News started keeping track. This is no longer a simple correction following a period of excess. This is now an unmistakable trend that represents the end of an era defined by a grand partnership between Silicon Valley and Wall Street. That alliance fueled a model for funding innovation that became the envy of the world. And now we have to come up with a new one. “This is not just a change in the weather,” said Tim Walker, an editor at Hoover’s, an Austin-based business research firm that’s been tracking this trend, “this is a change in the l
  • Fraud-hit Satyam pins hopes on shaky white knights
    But only a handful of bidders are in the race due to lack of clarity over Satyam’s accounts and potential legal liabilities from U.S. lawsuits. Even if the company manages to find a buyer for a 51 percent stake, it’ll take a long time to instill confidence among employees already jumping shipand nervous clients.
  • What if Oracle bought Sun Microsystems?
    What’s more, I doubt that either Cisco or Dell would know what to do with Sun’s software business. But Oracle would. In fact, Oracle might stand to gain even more from Sun’s software assets than IBM would — so much so that I rank Oracle as the top (perhaps the only) potential buyer left for Sun. The shame of it is that if such a deal were to go through, I suspect that in the long run, Oracle’s gain would be our loss.
  • Connecting to mySQL Database – Tutorialized
    This tutorial is all about mySQL database using C/C++ language.
  • Tech firms battle lawmakers to bring back overseas cash
    At a time when the United States is struggling to revive the flow of capital, corporations nonetheless maintain large portions of their cash offshore to avoid the relatively high U.S. corporate-tax rate. But companies’ prized ability to defer paying taxes on that offshore money is now in peril — only weeks after an effort to win a tax amnesty as part of the stimulus package fell short. …Based on fourth-quarter earnings reports, several of the richest companies in the S&P 500 Index were technology firms; Cisco Systems Inc. and Microsoft Corp. each ended the year with more than $20 billion in the bank. …However, technology companies also tend to keep a disproportionate amount of their cash overseas. Oracle Corp., for example, held about 89% of its $11.3 billion in cash and equivalents overseas as of the end of February, according to public filings. The software giant regularly pulls in less than half of its revenue from overseas markets.
  • Vendor “Spits on Microsoft, Laughs at Salesforce.com”
    Tim Hines, vice president of product management for Consona CRM, said it is Consona’s view that the combined products, “encompassing case management, knowledge management, self-service, chat, collaboration, and diagnostics and repair, will further distance both vendors from the rest of the CRM marketplace. We spit on Microsoft and laugh at Salesforce.com.” [DBM-Huh? Who? Scrappy-doo, stop chasing the T-Rex!]
  • Bid for Salesforce.com ‘Highly Unlikely’
    Additionally, baseless rumors regarding Salesforce.com as a potential takeover target ( Google (GOOG) for Salesforce.com, Oracle (ORCL) for Salesforce.com, Cisco Systems (CSCO) for Salesforce.com, etc.) could be responsible for continuing to push the premium valuation higher; we view such deals as highly unlikely. The high sentiment on the shares is disconnected from reality on the ground, in our view. Prior to Salesforce.com releasing last quarter’s results, we had written that we thought Salesforce.com shares could trade up as our checks indicated its business was not as bad as investors’ sentiment on the shares. We now believe the opposite to be true, as the shares have soared recently, possibly on the belief that the company’s business is more stable than we believe it currently to be.
  • CODA Beefs up Accounting App for Salesforce.com
    That release focused on accounts receivable, he said. “Now we’re adding the rest of the ledger. It’s a full-fledged accounting product.” The new software has multicompany and multicurrency capabilities as well — features that could make it appealing to larger or highly distributed businesses. While the vendor only has 10 live customers for CODA 2go so far, “plenty of people are implementing it at the moment,” he said. Many prospective customers have been waiting for the full accounting capabilities to be released, Roche added. The new application will be available for download in a “test and trial” format Tuesday, with the general release coming in the next few weeks. Pricing starts at US$125 per user per month. Subsequent release cycles will closely follow Salesforce.com’s own schedule, and over time CODA plans to offer customers the ability to buy individual modules as well, Roche said. CODA will be competing for Salesforce.com customers with the likes of Intacct and NetSuite.
  • Google Apps grow a brain
    Google Apps, the unbelievably successful cloud-based alternative to on-premises messaging and collaboration tools, such as Lotus Notes and Microsoft Outlook, have suddenly gotten smarter. Now, business users can work with a new Google Gadget from PivotLink to squeeze some business intelligence from the data in those online documents. The PivotLink Gadget lets Google Apps users create customized dashboards to view and collaborate on business data. For example, users can pour in, say, sales data from a Google Docs spreadsheet, combine it with weather data from regions where stores are located and annotate it with e-mails to determine how storms affected a particular sales promotion.
  • India Outsources–To The U.S.
    Layoffs around the world have led to a backlash against outsourcing. How are you dealing with this? This is a big issue that we’re facing. When unemployment doubles in the countries that we serve it creates its own set of social pressures. People are sore about losing their jobs and that’s perfectly understandable. But our industry isn’t responsible for these layoffs, which have been caused by other factors. We’re working with governments around the world to make ourselves heard. We bring real value to global companies, and it would only hurt them if they dispensed with our services.
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