Enterprise headlines and summaries, 2009-05-03

  • Jack F. Kemp | Board of Directors Biography
    Jack F. Kemp has served as a member of the Oracle Board of Directors since December 1996 and previously served as a Director of Oracle from February 1995 until September 1996. Mr. Kemp is the Chairman of Kemp Partners, a strategic consulting firm he founded in July 2002. From July 2004 to February 2005, Mr. Kemp was a Co-Chairman of FreedomWorks Empower America, a non-profit, grassroots advocacy organization. From January 1993 until July 2004, Mr. Kemp was Co-Director of Empower America, which merged with Citizens for a Sound Economy to form FreedomWorks Empower America. Mr. Kemp served as a member of Congress for 18 years and as Secretary of Housing and Urban Development from February 1989 until January 1993. In 1996, Mr. Kemp was the Republican candidate for Vice President of the United States. Mr. Kemp also serves as a Director of Hawk Corporation, IDT Corporation, CNL Hotels and Resorts Inc., and InPhonic Inc.
  • Jack Kemp, football star and politician, dies
    Jack Kemp, the former pro quarterback who turned fame on the gridiron into a career in national politics and a crusade for lower taxes, has died of cancer at age 73.
  • i2 sues Oracle for Patent Infringement
    The company is seeking monetary damages, royalty payments, and an injunction to block the infringement of its patents. The following are the areas in which have Oracle has allegedly infringed upon the patents held by i2 Technologies: • Process Planning • Managing Factory Planning Systems • Computer Security • Managing Applications across Multiple Domains • Intelligent Order Promising • Managing Multi-Taxonomy Environments • Value Chain Management • Extreme Capacity Management
  • Why Tech Stocks Are on a Tear
    While there are many questions about the economic situation, analysts believe that technology shares will play a leading role in an eventual recovery. Also, technology companies often have very little debt, which is a good thing in these financially troubled times. And, lastly, technology companies play a key role in making other companies more efficient… To be certain, technology shares are still well off their late-2007 highs. Most technology stocks also are far below record levels reached at the height of the Internet boom in the late 1990s. Even after a sustained run since late last year, that means that technology shares aren’t terribly expensive. Many of the top companies in the sector still sport relatively modest valuations. Microsoft, for instance, trades with a price/earning ratio of 10.8. International Business Machines has a P/E of 9. Other bellwethers aren’t nearly as cheap, but they’re not wildly overvalued either. Intel sports a P/E of 19, Oracle a P/E of 17 and Cis
  • New Building at SAP North America’s Philadelphia-Area Campus Features Energy-Efficient, Sustainable Design
    A suburban office building with a grass roof, toilets that use rainwater for flushing and an air-conditioning system that makes its own ice for cooling? It’s a reality at SAP AG’s (NYSE: SAP) office expansion on its Newtown Square campus. Designed by FXFOWLE Architects, known for its innovative sustainable designs, the new 200,000-square-foot building unveiled today includes numerous sustainable design features and is built to comply with the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) Platinum standard. At present, there are fewer than 125 office buildings in the U.S. that have obtained USGBC’s highest environmental rating. The SAP building is currently under review by the USGBC, with LEED Platinum certification anticipated in 2010.
  • Obama’s push to levy taxes on overseas profits alarms tech giants
    In the tech industry’s first major disagreement with the Obama administration, Silicon Valley companies are voicing alarm about a proposal that could require corporations to pay billions of dollars in U.S. taxes on foreign earnings. The administration wants to change a long-standing law that allows American companies to defer paying these taxes as long as the funds are kept overseas. That could have a big impact on a number of U.S. corporations, especially tech giants such as Hewlett-Packard, Cisco Systems and Oracle, which report that overseas markets account for half or more of their sales.
  • Fall in licence revenue at SAP, Oracle to bite Indian software majors
    Indian IT service providers implement enterprise solutions for companies that buy licences from enterprise resource planning software providers. Rajendra Shreemal, head of investor relationship and treasury at Wipro Technologies, said any impact of the whittled down licence earnings of the business software companies would be felt by IT service companies a year down the line. “There is a lag between the time a company buys a software licence and implements it. Yes, we will be affected by dwindling new licence revenues in the market, but it will take some time trickle to down to us,” Shreemal said.
  • The setting Sun: responses to the acquisition – Ars Technica
    Oracle’s acquisition of Sun raised a lot of questions about the future of Sun’s core technologies. Oracle says that it is committed to Solaris and Java, but some open source advocates are concerned about the implications for OpenOffice.org and MySQL. Ars looks at how Oracle and members of the open source software community have responded to the acquisition.
  • An ERP Product Line in 18 months? NetSuite and Rootstock did it
    Rootstock worked with NetSuite over the last 18 months to build a new ERP solution. The product line includes NetSuite’s financial modules and Rootstock’s Shop Floor Control, Cost Control, Production Engineering, Materials Requirement Planning, Lot and Serial Control, Project Control, Manufacturing Inventory Control and a Multi-Site/Multi-Division modules. The Rootstock products were built with the NetSuite NS-BOS tools.
  • Oracle introduces new version of EPM system
    Oracle has introduced Oracle Enterprise Performance Management System Release, which unifies performance management and business intelligence to support a broad range of strategic, financial and operational management processes enabling organizations to become smart, agile, and aligned. Oracle said that the new release features a pre-packaged source adapter for SAP financial data that reduces the complexity and costs of loading that data into Oracle Hyperion performance management applications and Oracle Essbase.

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