Enterprise headlines and summaries, 2009-10-16

  • Ellison: Oracle Won’t Be Seventh in Services
    Services are hot right, now, he said, but said he isn’t going to enter a business just because everyone else is. “You can’t be the seventh mover and take the lead,” he said.
  • IBM reports 14% earnings growth; raises outlook
    Software revenue of $5.1 billion was down 3% from a year ago. But sales of IBM’s main software products such as WebSphere, which is used to improve customers’ abilities to manage business processes, were up 2% to $2.9 billion.
  • Scandal hits corporate role models IBM, McKinsey
    Robert Moffat, senior vice president and head of IBM’s systems and technology group was named as a defendant. Executives at leading chipmaker Intel Corp and management consulting firm McKinsey & Co. were also implicated.
  • Intel, IBM execs arrested on suspicion of insider trading
    The FBI arrested Rajiv Goel, director of strategic investments at Intel‘s investment arm, and Robert Moffat, IBM’s senior vice president in the Systems and Technology Group, in connection with the alleged scheme, The Associated Press reported. Also arrested were Raj Rajaratnam, a portfolio manager for Galleon Group; Anil Kumar, a director at McKinsey & Co.; Danielle Chiesi, who worked at Bear Stearns’ hedge-fund group New Castle; and Mark Kurland, a top executive at New Castle.
  • Feds’ insider trading wiretap snares IBM heir apparent
    The heir apparent to IBM CEO Sam Palmisano has been arrested and charged with insider trading, as US authorities cracked down on an alleged $20m scheme involving shares in some of the IT industry’s biggest names. The case – which the FBI calls the largest hedge-fund insider trading case in US history – has also seen the arrest of a high-level executive at Intel, the world’s largest chip maker.
  • IBM Shares Down On Indication Business Spending Not Back
    In particular, IBM continued to report weak signings and demand for its higher margin consulting and services business, which illustrates the lack of corporate confidence even as the broader economy begins to stabilize. The company posted services signings of $11.8 billion, below expectations of around $13 billion. The disappointment points to the continued weakness in the business.
  • SuccessFactors Boosts Full-Year View, To Offer 10M Shares
    SuccessFactors Inc. (SFSF) boosted its full-year revenue outlook and set its fourth-quarter view slightly above analysts expectations as its third-quarter preliminary results also just beat views. In addition, the maker of employee-evaluation products said it will offer at least 10 million shares. The company has about 57 million outstanding, and potential uses of the capital includes acquisitions. Shares were off 5% at $15.10 in after-hours trading. The stock has more than doubled so far this year through Thursday’s close. SuccessFactors, which has been posting sharply growing revenue in recent quarters but has been unable to achieve consistent profitability, now sees 2009 revenue of $149.7 million to $150.6 million, up from its earlier view of $147 million to $148 million. It also set fourth-quarter guidance at $39.3 million to $39.7 million. Analysts surveyed by Thomson Reuters expected $39 million.
  • SuccessFactors lifts 2009 sales forecast
    The company said customers responded well to its business execution software, and that the company saw an increase in large deals and strength in international markets. For the fiscal fourth quarter, the company said revenue will range between $39.3 million and $39.7 million. That is a shade below analysts’ average forecast of $39.8 million.
  • SuccessFactors Q3 rev view tops Street; to offer shares
    Sees Q3 rev of $38.2 mln – $38.7 mln above estimates * Ups FY 09 rev view to $149.7 mln – $150.6 mln * Says to offer 10 mln shares of common stock * Shares fall 4 pct in extended trade
  • Fast food chain streamlines global operations with NetSuite
    Jollibee has recently lifted its operations to the cloud using NetSuite OneWorld, a cloud-based management solution that aids operations across all steps of the supply chain, the company said in a statement recently. With new stores opening at an average of one every two days, the company said it needed a solution which will quickly provide infrastructure on a tight schedule. “NetSuite OneWorld’s built-in support for multiple currencies, multiple regions, subsidiary relationships and rapid deployment make it an ideal choice for a global, fast-growing business,” it said.
  • SuccessFactors Announces Common Stock Offering
    Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that it intends to offer, subject to market and other conditions, 10 million shares of common stock. In connection with this offering, the underwriters will have an option to purchase up to an additional 1.5 million shares of common stock. The company is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933.
  • SuccessFactors Announces Preliminary Third Quarter Fiscal 2009 Results
    Total deferred revenue as of September 30, 2009 is anticipated to be in the range of approximately $160.5 million to $161.0 million, up approximately 7% sequentially from $149.8 million and up approximately 18% year-over-year from $136.1 million. — Preliminary Q3 FY09 Cash Flow Generated from Operations: For the quarter ended September 30, 2009, cash flow from operating activities is anticipated to be approximately $3.2 million to $3.6 million, compared to the ($2.3) million use in the quarter ended September 30, 2008.
  • Two Views of the Software Market
    Vishal discussed how new technologies, like social networks, are forcing ERP vendors to process new kinds of information (i.e., unstructured data that may exist in great volumes with little organization), understand the explicit and tacit insights within this data and connect it to the decision making processes of modern companies.

One Response

  1. Thanks for sharing this summaries, Netsuite services provide you better control of the business services and allow you to assign work to the employees online.

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