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 Red Hat profit rises, bucks tech industry trend: Tech Posted by: comforteagle
From the Up on the Down Side dept.:
Software company Red Hat Inc reported a 7 percent rise in quarterly profit onWednesday, bucking an industry trend of declining earnings, as margins widened under the scrutiny of its cost-conscious CEO.
Operating margin rose to 23.4 percent from 21.8 percent a year earlier, after excluding stock compensation and amortization expenses. That was better than the 23 percent the company projected three months ago.
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Oracle Buys Sun Microsystems (MySQL, Java, Solaris): Tech Posted by: comforteagle
From the There's a SF Book Title There Somewhere dept.:
April 20, 2009 Sun Microsystems and Oracle Corporation announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt.
"We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing. We estimate that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in the first year, increasing to over $2 billion in the second year. This would make the Sun acquisition more profitable in per share contribution in the first year than we had planned for the acquisitions of BEA, PeopleSoft and Siebel combined," said Oracle President Safra Catz.
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IBM, Sun Micro Talks Collapse Over Price Tag: Tech Posted by: comforteagle
From the 7 Billion "Nah"s! dept.:
IBM's talks to acquire smaller computer and software rival Sun Microsystems Inc broke down on Sunday after Sun rejected IBM's $7 billion offer, a source with knowledge of the matter said.
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IBM in Talks to Buy Sun Microsystems: Tech Posted by: comforteagle
From the IBMySQL dept.:
IBM is reportedly in talks to acquire struggling Sun Microsystems for at least $6.5 billion, giving it new weapons against market rivals Hewlett-Packard and the increasingly aggressive Cisco Systems.
Sun, which reorganized into three business units and laid off more than 6,000 employees last fall after reporting a nearly $2 billion loss, has been struggling to find its place in the marketplace as the demand for its high-end servers and storage devices declines.
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Software development predictions for 2009: Tech Posted by: comforteagle
From the Nostradamus dept.:
...When budgets are tight, the best option is to make use of the technologies you already have and the ones you can get for free. For today's business applications, that means the Web, which will continue its rise as the dominant development platform.
While the Web itself won't lose any popularity, however, expect a little less emphasis on the "Web 2.0" moniker in 2009. For starters, it hardly means anything anymore -- if it ever did. But AJAX and related technologies still haven't proven their value for a lot of enterprise applications, beyond adding UI flash. What Web 2.0 capabilities do make their way into business applications will be the result of open source toolkits such as Dojo, while proprietary products are likely to fall by the wayside -- and that means the marketing hype will cool down a little, too.
Note: Also, Java goes more open, Silverlight still sucks.
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Berners-Lee Launches New W3 Foundation: Tech Posted by: comforteagle
From the Reboot dept.:
Sir Tim Berners-Lee, inventor of the World Wide Web, unveiled today the World Wide Web Foundation to fulfill a vision of the Web as humanity connected by technology. The mission of the foundation is:
* to advance One Web that is free and open,
* to expand the Web's capability and robustness, and
* to extend the Web's benefits to all people on the planet.
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Patent Gridlock Suppresses Innovation: Tech Posted by: comforteagle
From the Not My Job dept.:
The Founders might have used quill pens, but they would roll their eyes at how, in this supposedly technology-minded era, we're undermining their intention to encourage innovation. The U.S. is stumbling in the transition from their Industrial Age to our Information Age, despite the charge in the Constitution that Congress "promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries."
For the third year in a row, Congress has just given up on passing a law reforming how patents are awarded and litigated. This despite growing evidence that for most industries, today's patent system causes more harm than good. Litigation costs, driven by uncertainty about who owns what rights, are now so huge that they outweigh the profits earned from patents.
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Sun Microsystems 3Q loss stuns Wall Street: Tech Posted by: comforteagle
From the Ouch dept.:
Wall Street expected Sun Microsystems Inc.'s global sales base to help it weather the U.S. economic slowdown and turn a profit in the first three months of the year.
Instead, the Santa Clara-based server and software maker stunned investors Thursday by reporting a loss in its third quarter, caused in part by sagging sales to U.S. consumer-oriented companies that are putting off big-ticket spending for better times.
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Open Screen Project Annouced: Tech Posted by: comforteagle
From the Open Kimono dept.:
...The Open Screen Project is working to enable a consistent runtime environment -- taking advantage of Adobe Flash Player and, in the future, Adobe AIR™ -- that will remove barriers for developers and designers as they publish content and applications across desktops and devices, including phones, mobile Internet devices (MIDs), and set top boxes. The Open Screen Project will address potential technology fragmentation by enabling the runtime technology to be updated seamlessly over the air on mobile devices. The consistent runtime environment is intended to provide optimal performance across a variety of operating systems and devices, and ultimately provide the best experience to consumers.
To support this mission, and as part of Adobe’s ongoing commitment to enable Web innovation, Adobe will continue to open access to Adobe Flash technology, accelerating the deployment of content and rich Internet applications (RIAs).
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AOL Opens Up the AIM Instant Messaging Network: Tech Posted by: comforteagle
From the About Face dept.:
AOL has done an about-face regarding third-party access to the company's AIM chat network. AOL's recently launched OpenAIM 2.0 provides open, uninhibited access to services like Meebo, or all-in-one IM clients like Pidgin, allowing them to freely and easily use the AIM instant messaging network.
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