Enterprise headlines and summaries, 2009-10-01

  • Oracle’s Ellison still No. 3 on Forbes 400
    Here’s more proof that “flat is the new up”: The net worth of Oracle founder Larry Ellison, Silicon Valley’s richest mogul for many years, was unchanged over the past year at $27 billion, and he stayed at No. 3 on the latest Forbes list of the 400 wealthiest Americans. But he gained on No. 1 Bill Gates and No. 2 Warren Buffett, both of whom lost billions in a period of economic turmoil. Gates’ worth slipped to $50 billion, down $7 billion from 2008. One press account humorously described Buffett as “the biggest loser,” shedding $10 billion to $40 billion.
  • #3 Lawrence Ellison – The Forbes 400 Richest Americans 2009
    Net Worth $27,000 million Source Oracle, Self Made Age 65 Hometown Redwood City, California, United States Marital Status Thrice divorced, remarried; 2 children Education (University of Chicago, Drop Out) Oracle founder continues his spending spree: Sun Microsystems in April for $7.4 billion; deal awaiting EU approval. Database giant has bought 54 companies in the past 5 years. Bought BEA Systems for $8.5 billion last year; still sitting on billions in cash. Stock flat in past 12 months. Sales: $23 billion. Studied physics at U. of Chicago; didn’t graduate. Started Oracle 1977; took public a day before Microsoft in 1986. Owns 52% stake in business software company NetSuite; shares worth $440 million. Racing junkie owns 453-foot yacht Rising Sun with pal David Geffen. Court battle with Swiss boating billionaire Ernesto Bertarelli over terms of next America’s Cup concluded. Race will be next February. Planned location: Ras al-Khaimah in the UAE.
  • Lawson Software Swings To 1Q Profit; Shares Up On FY View
    Lawson’s focus on improving margins has paid off throughout the recession, as the company has continued to post earnings growth over the past year. The company has been moving some operations to lower-cost regions and shifting away from consulting services toward software license and maintenance. Lawson has also trimmed its work force and cut other expenses. For the quarter ended Aug. 31, Lawson reported a profit of $6 million, or 4 cents a share, compared with a year-earlier loss of $3.7 million, or 2 cents a share. Excluding amortization charges, stock-based compensation and other items, earnings rose to 9 cents a share from 5 cents. Revenue slid 11%, to $169 million. The drop would have been 6% in constant currencies.
  • CRM Software Provider NetSuite Launches New Suite of Applications for iPhone and iPod Touch
    NetSuite users will benefit from having real-time access to their NetSuite calendar and task lists, including the ability to accept or decline events and mark tasks complete. Sales representatives can benefit from access to leads and opportunities, the ability to view customers and contacts, and to review quotes and orders. Field service users can inquire about customer history, browse associated cases, and see all issues filed by a customer. Executives can browse financial trends, watch dashboards in real-time, and drill into Key Performance Indicators (KPIs), as well as generate report snapshots and scorecards.
  • Lawson Software Releases Updates and Enhancements to Lawson Talent Management
    Lawson Talent Management Suite, an enterprise software suite that is part of the Lawson Strategic Human Capital System. The new version (version 3.2) includes a number of enhancements to specific software applications, including Compensation Management, Performance Management, Talent Acquisition and Succession Management. Lawson announced the updates during the HR Technology Conference and Exposition, which is taking place this week in Chicago. Lawson Talent Management is an integrated system combining core human resources applications with a Talent Management solution.
  • Venture Exits Still Anemic In Third Quarter, Down Nearly 50 Percent (Charts)
    Despite a couple large IPOs (LogMein and A123Systems) and a steady but tempered flow of mergers and acquisitions, financial exits for venture-backed companies remained anemic in the third quarter of 2009. Data released by both Dow Jones VentureSource and the National Venture Capital Association/Thomson Reuters show declines in both M&A and IPO dollars. VentureSource counts $2.9 billion in combined M&A exits in the third quarter, 49 percent lower than a year ago. The NCVA tallies up a $1.8 billion total, which is down 46 percent.
  • Satyam Computer Names Vikram Nair To Head European Operations
    Nair, the head of European operations at Tech Mahindra Ltd. (532755.BY), Satyam Computer’s largest shareholder, will be in charge of driving businesses and synergies between the two companies, the software maker said in a statement to stock exchanges. Satyam Computer also named Aloke Palsikar to head its business in central Europe and Nordic countries, and Suneel Unni to lead operations in south Europe and the Benelux region, the statement said.
  • Grassley Seeks H-1B Job Assurances
    Sen. Chuck Grassley, R-Iowa, asked the U.S. Citizenship and Immigration Services Sept. 29 to hold employers accountable by requesting evidence from petitioners that H-1B visa holders actually have a job waiting for them in the United States. Grassley’s comments came after several small Iowa communities were used as nothing more than mail drops in an elaborate H-1B visa fraud scheme earlier this year that allowed foreign workers to illegally work on the East and West coasts while being paid the lower Iowa prevailing rates.
  • Pulte CIO Has Cloud Horror Story
    The vendor not only refused to defer the payments, it told him that if he didn’t pay, it would shut down access to the service altogether. All of which has led Batt to question the messaging cloud providers have been putting into the market about being able to dial back a service when capacity’s not needed. It especially irked him that the vendor seemed unsympathetic about the beating Pulte and other homebuilders have taken in this rotten economy. The episode has led Batt to conclude that the big vendors–or at least, the unnamed one in question–have decided that giving up the software licensing cash cow is too much to face, and that they have to extract their profits somewhere.
  • Oracle and MySQL: It’s all about Microsoft
    Oracle doesn’t compete with open source. Not really. Open source is simply a means to an end, and in the case of MySQL, a means to denting Microsoft’s rising strength in emerging markets where Oracle’s expensive database technology doesn’t resonate.
  • Microsoft’s web world shrinks
    Bing and Internet Explorer continuing to lose market share. According to the web analysts at StatCounter, Microsoft’s Bing search engine continued its worldwide decline in September, down to 2.59 per cent, a slippage of 28 per cent per cent from its peak of 3.59 percent in July.
  • Oh, It’s On: Microsoft Opens Gigantic Data Centers
    Microsoft (NSDQ:MSFT) in the past week officially opened massive new data centers in Chicago and Dublin, Ireland, that represent a vast swathe of cloud computing infrastructure that will take Microsoft years to fully utilize. Microsoft’s 700,000-square-foot Chicago data center, which started operations in July, will be dedicated to the expansion of its Live, Business Productivity Online and other cloud computing services, said Arne Josefsberg, general manager of infrastructure services, in a blog post earlier this week.
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