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It wasn’t that long ago when the first smartphone came out, and we saw the pace of connected devices and associated mobile applications accelerate beyond what anyone could have imagined. Shortly after that, something incredible happened, we reached the point where there were more connected devices than people on the planet. Since then, we’ve used this to measure the growth of the Internet of Things (IoT). Research predicts there will be as many as 50 to 100, and possibly even 200 billion connected devices by 2020. Some businesses are already set up for IoT, like operators of large networks of devices such as self-service kiosks and vending machines. These devices are communicating information back to the enterprise and for those that aren’t, installing the proper hardware and software to do so is more cost efficient today than ever before. Any business that is go... (more)

Cloud Player Drops IPO Plans

Spooked by the "volatile economic climate" and "current market conditions," GlassHouse Technologies, which provides cloud, virtualization, security and next-generation data center consulting and managed services, has dropped its plans to IPO. It said it would withdraw the registration statement that it filed with the SEC last year thinking it could raise $75 million. It'll be the second time GlassHouse has scrubbed an IPO. It wanted to raise $100 million in 2007 but pulled those papers two years later because of market conditions too. The 10-year-old Pennsylvania company has raised close to $87 million over five rounds from VCs, according to CrunchBase, including not insignificant contributions from Cisco and Citrix. ... (more)

HP Writes Off $8 Billion Just on EDS

HP said Wednesday that it's going to write off $8 billion because its services business is a flat shambles. The goodwill impairment is more than half of the $13.9 billion it paid for EDS, which became HP Enterprise Services (ES) in 2008 so HP could look more like IBM. It's also changing ES' leadership. John Visentin, who was put in charge by Léo Apotheker, HP's last failed CEO, is leaving to "pursue other interests" and is being replaced on an acting basis by the current head of ES EMEA Mike Nefkens, who will report directly to HP's current CEO Meg Whitman, who's counting on fewer, more profitable deals. She has said the EC turnaround could take a while (translation: years). JJ Charhon, who's been the unit's CFO, will now be its COO in hopes he can increase customer satisfaction and improve service delivery efficiency. Because people are grabbing early retirement a... (more)

Microsoft Misses Estimates

Microsoft's little adventure into tablet land has cost it a $900 million charge to cover its slashing prices on its hard-to-move ARM-based Surface RT widgets earlier this week by as much as 30%. But that was only part of its fiscal Q4 story of missed revenue and profit expectations Thursday. Outside the Surface write-down, which cost seven cents a share, it reported earnings per share of only 66 cents against Wall Street projections of 75 cents on revenues of $19.9 billion, up 10% year-over-year, when the pundits were counting on $20.7 billion. Nearly all its business units missed internal projections and its share price dropped 6.3% after-hours to $35.44. For instance, its server and tools business was supposed to grow 12% but was up 9% instead. The Windows unit, ostensibly up 6%, was really down 6% excluding revenue associated with a Windows 8 promotion. Similarl... (more)

Spreadsheets, Clouds and Finance-Owned Solutions | @CloudExpo #Cloud #FinTech

It's that time of year again! Finance teams are putting the finishing touches on next year's corporate budgets and teams are likely looking back on 2016 to see what to change or improve in the year ahead. Here at Vena, we're making our annual predictions in finance and corporate performance management for 2017. We pulled the predictions after countless conversations with customers, partners, industry analysts and more. Buckle your seatbelts, I'm sure 2017 will be a wild ride! 1. Spreadsheets Get Sexy Again Accountants have been using spreadsheets -- in their purest form -- for literally hundreds of years. The first computerized spreadsheet for business accounting was born in the 1960s, and today Excel reigns as the undisputed king of business software. Recent years have brought with them cries of Excel's demise, but they couldn't be more unfounded. In fact, more than... (more)

Gain Your Prospect’s Attention

Web 2.0 Journal By Wendy Weiss On a cold call you have approximately 10-30 seconds to grab your prospects’ attention—and you won’t get a second chance. Read on to discover how to gain your prospects’ attention… I was eating lunch. The phone rang and thinking it might be a client calling (and also, let’s face it—I’m a little compulsive) I bolted to my desk and grabbed the receiver. Instead of my client, on the other end of the line was a perky person telling me that their company provides high-speed Internet [...] ... (more)

Reasons Why People File For Bankruptcy

Personal Bankruptcy on Ulitzer Normal 0 false false false MicrosoftInternetExplorer4 Eliminate the legal obligation to pay many of the debts: The goal of a discharge is to reduce debts and to give a fresh start; both the chapter 7 and chapter 13 can eliminate all kind of debts. Stop foreclosure: A home foreclosure can directly be stopped by chapter 13 bankruptcy laws, so one can be rest assured that bankruptcy can save his home. Prevent other properties like car or other valuables from being reposed, and even though the car has been already reposed, it can be returned back by filing bankruptcy. During times of natural accidents in the family, filing of chapter 7 can greatly reduce the amount for the medical bills. Many families have to make choices on allocation of bills. Often, bills that were once important become... (more)

Economy Beginning To Accelerate: Cisco CEO

CEOs in Technology Cisco CEO John Chambers, who has turned into something of an economic oracle probably because he is more in command of his catbird seat than most big-time CEOs, said Wednesday when Cisco reported its quarterly results that the economy hit a “clear tipping point” before mid-summer and is now accelerating worldwide, enough for Cisco itself to start cautiously spending again. He’s planning targeted hiring. For the three months ending October 24, Cisco came in with earnings down 19% year-over-year at $1.79 billion, or 30 cents a share, on revenue from everywhere down 13% to $9 billion. Product sales were off 17% at $7.2 billion. Service revenue was up 7.4% at $1.7 billion. Other companies have exhibited a similar pattern. Wall Street expected 31 cents on $8.75 billion so Cisco did better than even it thought. The company is forecasting revenues this... (more)

Six Comprehensive Suggestions for Getting Your Mutual Fund "Discovered" in 2010

Numerous articles have been written lately on the massive rebound of stocks beginning on March 9, 2009.  Most mutual funds have enjoyed a nice performance rebound as well.  If your mutual fund is one of those enjoying this rebound in performance "How do you get "Discovered" in 2010?" For that answer I turned to Dan Sondhelm, SunStar Strategic.  Dan specializes in preparing and getting asset managers in front of the appropriate media outlets to tell their story and go from "undiscovered" to discovery. Dan was quick to point out that most mutual funds with significant assets grew as a result of proactive selling activities - an individual fund is rarely "discovered" on its own. With more than 10,000 funds available to investors and their advisors, competition for share of wallet is fierce with 80-90% of fund flows going to the top 20 firms. Dan's 6 Comprehensive Sugg... (more)

Norwest Raises Big Fund

Rackspace Journal Despite the times, Wells Fargo affiliate Norwest Venture Partners has pulled together a $1.2 billion investment fund, its largest ever. Its last fund, which closed in ’06, was only $650 million. Norwest backed Rackspace Hosting, one of the rare IPOs last year. It’s apparently looking at opportunities in China and India. ... (more)

Server Sales Stop Slip Sliding Away – Except at Sun

Economics for Investors on Ulitzer Gartner thinks the server business has stopped sliding into the abyss. Third-quarter sales weren't as bad as second-quarter sales - well, for most everybody except Sun that is. The numbers give Oracle, Sun's prospective buyer, another data point it can try to rub the European Commission's nose in to express its outrage that the acquisition has been held up over MySQL. Sun sales were down 32% year-over-year to $784.6 million in Q3 while IBM was only down - only being a relative term - 12.3% to $3.38 billion, HP down 15.1% to $3.22 billion and Dell down a mere 5.1% to $1.42 billion. Everybody was up sequentially except Sun. IBM's market share by revenue increased to 31.7% (up 1.1%), HP's to 30.2% (up 0.1%) and Dell 13.4% (up 1.5%). HP sold more units than anybody else - taking a 32.1% share largely on the back of its x86 ProLiant serv... (more)