Wednesday, November 4, 2009
NetSuite Beats Street by a Penny
Investors expecting NetSuite to break even on a per-share basis for its third quarter were given a pleasant surprise this afternoon when the company beat estimates by a penny.
Investors expecting NetSuite to break even on a per-share basis for its third quarter were given a pleasant surprise this afternoon when the company beat estimates by a penny.
The passing of a year hasn’t much changed Oracle CEO Larry Ellison’s opinion of cloud computing. Remarking on the industry’s sudden fascination with the concept at Oracle OpenWorld last September, Ellison reduced it to a thin sheen of windshield condensation. In conversation with former Sun CEO Ed Zander at a Churchill Club event a little over a year later, Ellison expanded on those remarks, suggesting that if the cloud is anything, it’s a cloud of BS.
Oracle CEO Larry Ellison’s had a hell of a week, hasn’t he? Yesterday, Oracle shrugged off concerns about a tech slowdown, besting Wall Street’s expectations with a 35% gain in its second-quarter earnings. And then today, shares of NetSuite, the “software as a service” venture of which he is a principal owner, priced at $26 [...]
Larry Ellison’s other company is finally going public. Today, NetSuite–the software-as-a-service company of which Ellison is a majority owner–opened bidding on the 6.2 million common shares it plans to sell in a modified Dutch auction.
Assuming the IPO goes off as planned–and given the healthy market for tech IPOs, there’s every reason to believe it will–NetSuite [...]
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”