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Enterprise headlines and summaries, 2009-06-20

  • Charles River Ventures Hires That F@!&edCompany Guy
    Kaplan went on to found AdBrite, which is now one of the top 25 ad networks. Kaplan is still chairman of AdBrite, but he’s been tinkering with his own projects for most of this year, including several fun Twitter apps like flirt140 (Twitter dating), fast140 (a typing challenge game), Tweetname (domain name registry via Twitter), AlumTweet (Classmates.com for Twitter), and HitMeLater (a snooze button for email). He says he has about 16 sites or apps that are currently live.
  • TechCrunch Layoff Tracker
    # Total Layoffs Since August 27, 2008: 474 # Total Employees: 338,270
  • Video: 60-Second Pitch: Microsoft SQL Server 2008
    In this episode, Matt Dunstan, application platform group product manager at Microsoft, pitches his company’s SQL Server 2008 data management product to IT director of law firm Norton Rose, Jeff Roberts; former Associated Newspapers CIO Ian Cohen and Fiona Davis, operations director at silicon.com’s parent company, CBS Interactive.
  • Oracle tried to sell Sun hardware biz
    The Register’s source qualified the price Oracle was asking for Sun’s hardware business as “unrealistic.” Oracle declined to comment for this article.
  • Oracle: On a Shopping Spree?
    Although Oracle (ORCL) announced the purchase of Conformia Software on Wednesday, the market is currently buzzing with speculation that the tech giant has closed – but not yet announced – a much larger transaction. Several sources have indicated that Oracle has acquired GoldenGate Software. The two companies have had a deep relationship for some time and while a deal has been kicked around in the past, talks stalled because GoldenGate always priced itself higher than Oracle was willing to spend. We haven’t heard what Oracle ended up paying for GoldenGate, which we understand was generating slightly more than $100m in trailing sales.
  • As Oracle prepares to buy it, Sun’s loss widens on a 20-percent sales drop
    Stripping out one-time charges, including $46 million for a restructuring that has cost thousands of workers their jobs, the latest quarter’s loss amounted to 7 cents per share. Analysts were expecting a loss of 19 cents per share, but the numbers don’t directly compare because Sun subtracted out charges that analysts didn’t.
  • Ghost of Satyam scandal haunts Infosys investors
    Though Balakrishnan presented a bright picture of the IT giant which achieved a revenue of US$ 4.66 billion and a net profit of US$ 1.28 billion in the fiscal 2009, one investor asked the auditors of the firm if they have physically checked the bank accounts of the company and made sure that the account statements are correct. He said he was compelled to raise this issue because of the Satyam fiasco where the investors had taken the Satyam books for granted thus resulting in the greatest corporate fraud in India.
  • Interview: Azim Premji
    In a nondescript office near Paddington station, one of India’s richest men goes on the defensive. “Yes, I am going to pass over large sums of shares to my foundation,” says Azim Premji, founder of Wipro Technologies. “You will see it in due course. But write about it then, please.”
  • Satyam Computer — Open Offer: Reject
    Investors who hold shares of Satyam Computer Services can reject the open offer made by Tech Mahindra. The offer price appears unattractive in the light of Satyam’s future prospects, with the recent financial disclosures showing the company’s financial position to be much better than expected.

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