VC funding fell sharply in Q3 2012, perhaps due to a lack of new bandwagons for overinvestment. The holiday season brought a huge surge in buying of smartphones and tablets, but not PCs. RIM plans to return to relevance with its upcoming release of a new OS and new devices. Apple introduced the iPad mini and another new iPad, but continues to lose share to Android-powered devices (particularly to Samsung). Google introduced new devices, which were very cool despite the phone lacking 4G LTE support.For more info, google “cronyism.” Google Chairman Eric Schmidt declined an invitation to become a cabinet member as “Secretary of Business” in President Obama’s administration. Google had an eventful end of 2012 – they announced poor earnings early by accident (beta software at fault, no doubt!), but managed to somehow stash $10 billion tax free in Bermuda and get away without any significant restraints or penalties from an FTC investigation into monopolistic practices.Other notable acquisitions include IBM closing its Kenexa acquisition, Actian (Ingres) buying Versant, NCR buying Retalix. Oracle continued its acquisition binge, buying Instantis, taking a stake in Engine Yard, acquiring Eloqua.Lots of IT failures recently, including Queensland (IBM/SAP), Avantor (IBM/SAP), US Air Force (CSC/Oracle), State of California (SAP/SAP), and ScanSource (Avanade/Microsoft).It’s doing well, with a market cap just over $8.5 billion and a constrant stream of innovation. Highlights from the world of Enterprise Software and Solutions over the past two months (or so):
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