Enterprise headlines and summaries, 2009-04-13

  • Outsourcing Not the Big Savings Firms Expect, Study Says
    Companies rushing to outsource their software development for quick savings actually risk significant losses in productivity because developers do not fully understand business requirements, according to the consultants. While staff costs may be 40 percent lower in offshore locations, Compass research found these savings were undermined by a 60 percent drop in productivity in operations where the full lifecycle of application development has been outsourced.
  • Billionaire Clusters
    First, a significant percentage of billionaires had parents with a high aptitude for math. The ability to crunch numbers is crucial to becoming a billionaire, and mathematical prowess is hereditary. Some of the most common professions among the parents of American billionaires (for whom we could find the information) were engineer, accountant and small-business owner. Consistent with the rest of the population, more American billionaires were born in the fall than in any other season. However, relatively few billionaires were born in December, traditionally the month with the eighth highest birth rate. This anomaly holds true among billionaires in the U.S. and abroad. More than 20% of the 292 of the self-made American billionaires on the most recent list of the World’s Billionaires have either never started or never completed college. This is especially true of those destined for careers as technology entrepreneurs: Bill Gates (Microsoft), Steve Jobs (Apple), Michael Dell (Dell), Lar
  • An Innovation Conundrum
    Capitalism 2.0 must fundamentally be rooted in justice–justice for the entrepreneurs–or else we may see the value creators go on strike, leaving the speculators with nothing to speculate on, and the government with no wealth to redistribute.
  • Tech Mahindra-Satyam: Integration Challenge
    Tech Mahindra, which emerged as the highest bidder for Satyam, will have to work harder in the IT services space to compete with large system integrators as TCS, Wipro, Infosys, Cape Gemini, Accenture, among others. While the acquisition will give Tech Mahindra scope to emerge out of the telecommunications shadow, it also offers the company ample opportunity to tap markets in the BFSI, health, government, PSUs and other sectors. Plus, the company can leverage on the impressive Satyam client list (as reference points) for further penetration in these markets.
  • Netsuite targets SAP and Oracle: source
    NetSuite Inc has developed programs targeted at large corporations, a person familiar with the strategy said, in an effort to move the software maker beyond the small- to mid-sized business market. The person, who requested anonymity since the products have not been announced, said NetSuite wants to sell the software to divisions of large corporations that use software from SAP AG and Oracle Corp.
  • Opening Up Platform as a Service – What is Open PaaS?
    In talking with customers and analysts, WaveMaker has introduced the term Open PaaS to describe what the next generation of cloud development tools should look like. In our definition, Open PaaS solutions have four characteristics:
  • Cisco Buying Colo Space In Third Party Data Centers, Says It’s For New CDN Offering
    Within the past week, two colocation companies have contacted me to say that Cisco is acquiring colocation space in various third party data centers in the U.S. for what Cisco is calling a new Cisco based content delivery network. While Cisco has operated a CDN of their own for over ten years, it’s never been an external facing offering for other companies outside of Cisco’s own personal use.
  • IBM Announces Major Layoffs & Seeks Bailout
    IBM is set to reduce its workforce by thousands in the UK, Germany and Ireland as it considers switching major portion of its labor force to the cheaper shores of Eastern Europe, China, India and South America.
  • Fleeing Silicon Valley
    Thousand of people are fleeing Silicon Valley; and, it not just migrant workers but also skilled workers. They all say the same thing – that opportunities exist in more places today and the opportunity costs are much lower. The economics of Silicon Valley are not working as they used to. In fact it’s hard to get a moving truck in Silicon Valley and it costs about $3800 to rent a U-Haul truck from San Jose to the Mid West, but only $1500 to move the other way. This is because far more people are moving out of the Bay Area than are moving in. The exodus has been happening since 2005 say corporate condominium companies, residential rents are falling, top tier office rent is down 25% in a year. However, many in Silicon Valley are not even aware, they are working even harder in a ecosystem where the opportunities are getting less and expensive. Recently, a friend on mine quit his $200,000 VP job at a public company in Silicon Valley to move to North Carolina to work for 25% less. He said
  • MySQL Campus Tour 2009
    Between 25 March and 18 April 2009, teams of MySQL Community Team members will be visiting Canadian and US Universities from the Midwest through to California. They will be talking to interested students and classes about MySQL, Open Source, Information Technology in general. Come join us: For more information on any specific date or event, please contact d u p s (at) s u n (dot) c o m From Montreal to San Francisco, Dups will be travelling by rail and bus in an environmentally-friendly campus tour. From April 13 through April 18th, Colin Charles and Dups will visit Northern California universities while Giuseppe Maxia and Sheeri K. Cabral will visit Southern California institutions. Schedule:

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