Posts

Posted on

News You Can Use: 11/6/2019


Photo by Mario Azzi on Unsplash

  • Stuck In a Rut? Here Are 15 Ways to Pull Yourself Out of a Bad Situation.

    As Leo Babauta correctly writes, “You cannot maintain energy and focus (the two most important things in accomplishing a goal) if you are trying to do two or more goals at once.” The solution? Pick “one goal, for now, and focus on it completely.”

    Personally, I would start with your meatiest goal and save the rest for later. If you’re deciding between several different options, zone in on the one that relates to your top priorities and make sure that it’s a SMART goal. Once you choose to focus on that goal, put the goal in writing and develop a realistic action plan with steps to achieve it.

    https://www.entrepreneur.com/article/340618

  • Is asteroid mining and space colonization legal?
  • As Marc Benioff Calls For A Better World, Salesforce Lawyers Are Doing The Opposite

    Benioff’s opposition to Section 230 of the Communications Decency Act — which allows technology platforms to moderate their services without being held liable for the content their users post there — is puzzling. “Facebook is a publisher,” Benioff said in a tweet on Wednesday. “We need to abolish section 230 Indemnifying them.” Without Section 230, Facebook might succumb to death by lawsuit‚ but Salesforce might too.

    On Wednesday, as Benioff was sending his tweet, Salesforce lawyers were citing the piece of legislation in their defense of a lawsuit against the company. “Salesforce objects to the Requests on the ground that it is entitled to federal immunity from suit under section 230 of the Communications Decency Act, 47 U.S.C. § 230, with respect to the claims in this action,” Salesforce’s lawyers wrote in a response to a discovery motion in a case in Harris County, Texas, one of seven lawsuits it’s dealing with regarding Backpage. In all seven cases, Salesforce has claimed protection under Section 230, Annie McAdams, the lead trial lawyer for the plaintiffs, told BuzzFeed News.

    https://www.buzzfeednews.com/article/alexkantrowitz/as-marc-benioff-calls-for-a-better-world-salesforce-lawyers

  • Tech workers backing candidates looking to break up their employers

    Presidential candidate Elizabeth Warren, who has called for breaking up Facebook, Amazon and Google, raised more than $173,000 from tech industry employees in the third quarter, according to Bloomberg News’s analysis of public data on political contributions from employees at 10 large tech companies.

    Many of Warren’s largest tech donations come from software engineers at low-profile companies like Twilio, MongoDB, Adobe, and Mailchimp. But prominent names in tech like Andy Dunn, the co-founder of Bonobos, Matt Mullenweg, the CEO of Automattic, Jennifer Pahlka, executive director of Code for America, and Craig Newmark, founder of Craigslist, all cut checks for Warren.

    https://www.baltimoresun.com/sns-tns-bc-tech-campaign-money-20191019-story.html

Posted on

News You Can Use: 10/30/2019


Photo by Mihai Surdu on Unsplash

  • Why you should ditch team building activities and just let people get to work

    Forget the rock-climbing excursions; instead, give team members meaty tasks to accomplish together (and I’m talking about real work, not fake tasks here). The most effective way to strengthen team bonds is by having people work together and accomplish results as a group. Winning the three-legged race may be exhilarating (or embarrassing for those who don’t love the cheesy), but overcoming a work challenge or solving a thorny problem is a much more effective way to get your team closer together.

    https://www.fastcompany.com/90408773/4-things-you-should-do-instead-of-team-building-activities

  • The Phone Call Isn’t Dead, It’s Evolving

    Talking was the most popular way to communicate via cellphone in the fall of 2012, with 94% of survey respondents having done so in the prior week, according to consumer-research firm MRI-Simmons. By the spring of 2019, talking had fallen to least popular, behind texting, emailing, posting to social media and using chat apps, with just 45% reporting doing it in the prior week. In other words, less than half had used their phone for an actual phone call.

    Multiple people I interviewed said when the phone rings unexpectedly, they assume someone has died. But some app developers and investors think voice communication over the phone isn’t the problem, just the act of making a phone call itself. Between the rise of smart speakers and Apple’s wireless AirPod earbuds, and the ubiquity of group messaging and video chat, they’re betting now might be the time for voice to make a comeback.

    https://www.wsj.com/articles/the-phone-call-isnt-dead-its-evolving-11571457605

  • What causes an economic recession?
  • Zuckerberg defends Facebook as bastion of ‘free expression’ in speech

    Zuckerberg defended the company’s decision to allow misinformation in political advertising on the platform, despite high-profile pushback against the policy.

    “Given the sensitivity around political ads, I’ve considered whether we should stop allowing them altogether,” Zuckerberg said. “But political ads are an important part of voice – especially for local candidates, up-and-coming challengers and advocacy groups that may not get much media attention otherwise. Banning political ads favors incumbents and whoever the media covers.”

    And he also seemed to brazenly rewrite the site’s beginnings, which were reportedly as a “hot or not” game for Harvard students to play, as a platform to share perspectives after the beginning of the Iraq war.

    https://www.theguardian.com/technology/2019/oct/17/mark-zuckerberg-facebook-free-expression-speech

  • Debt-ridden GE abruptly freezes pensions on 20,000 employees

    The company announced today that it was going to pre-fund about $4-5 billion of estimated minimum ERISA funding requirements for 2021 and 2022 and offer a limited time lump-sum payment option to approximately 100,000 eligible former employees who have not started getting their monthly pension payments yet.

    According to GE, these moves will cut its pension deficit by about $5-$8 billion and its industrial net debt by approximately $4-$6 billion.

    Wall Street seemed to like the decision. GE’s stock was $8.63, up 6 cents or 0.70%, in pre-market trading.

    https://www.fastcompany.com/90414035/debt-ridden-ge-abruptly-freezes-20000-employee-pensions

Posted on

Supplier Report: 10/25/2019


Photo by Pablo Heimplatz on Unsplash

The ongoing saga of the T-Mobile/Sprint continues with positive news for T-Mobile… the FCC approved the merger. There are still more hurdles for the companies to clear, but for now they are moving forward.

Speaking of Sprint ownership… current Sprint owner SoftBank is mulling over the idea of taking over WeWork. SoftBank has invested almost $10B in WeWork, which is currently estimated to be worth $15B (down from $45B). SoftBank has made some dubious investments in the last few years, should they double down on WeWork?

Meanwhile, there are rumors that Jeff Bezos is mulling over splitting Amazon and AWS to get in front of government momentum that might force the company to split apart in the future. Would a split even matter?

Acquisitions/Investments

  • The FCC has voted to approve the T-Mobile-Sprint merger

    Now, the T-Mobile-Sprint merger faces one more battle before they plan to close the deal. The FCC and DOJ are the only two federal agencies required to approve telecom deals before they can close, and the DOJ already gave the companies the thumbs-up in July. However, a bipartisan coalition of state attorneys general are still trying to block the deal through a multistate lawsuit, and representatives from the two companies said that they won’t close the merger until that is resolved.

    https://www.theverge.com/2019/10/16/20917162/fcc-tmobile-sprint-merger-justice-department-ajit-pai-geoffrey-starks-jessica-rosenworel

Artificial Intelligence

  • Google and Ambient Computing

    Frankly, it’s a compelling vision on multiple dimensions:

    • First, it is a vision for the future that actually seems larger than the smartphone reality we live in. Alternatives like augmented reality or wearables feel smaller.
    • Second, it is a vision that does not compete with the smartphone, but rather leverages it. The smartphone is so useful for so many things that any directly competitive technology would have to cover an impossible number of use cases to displace it; ambient computing, though, simply conceives of the smart phone as one of several means to deliver on its promise.
    • Third, it is a vision that Google is uniquely suited to pursue. The company is a services company incentivized to serve the maximum number of customers no matter the means (i.e. device), and it already has a head start in providing services that contain and accumulate essential information about people’s lives.

    https://stratechery.com/2019/google-and-ambient-computing/

Cloud

  • Workday Casts a Large Cloud

    Workday CEO Aneel Bhusri answered a question about the state of the market by saying “we’re definitely seeing some delays.” He also said companies were still moving ahead with “transformation projects”—meaning an overall shift to cloud-based software—and that Workday isn’t seeing anything “drastically different” in the marketplace.

    The company maintained its previous projections for the fiscal year ending in January, but investors in the richly valued cloud computing software business tend to react badly to signs of sales deceleration. Workday’s stock price slid 11% Wednesday—its worst decline in nearly three years.

    https://www.wsj.com/articles/workday-casts-a-large-cloud-11571252400

  • Amazon Could Be Open To Splitting

    CNBC ran an interview with writer Franklin Foer, who said breaking off the service “would be the obvious thing for [Bezos] to do in the face of this.”

    “I think that eventually Bezos, who is seeing around corners, is going to break up his own company,” Foer said. “AWS exists as its own fantastically profitable business. There’s no reason that it needs to be connected to Amazon the e-retailer. And as he looks at what’s happening in politics, where there’s this increasing bipartisan consensus that Big Tech is a problem, I’m pretty sure he’s going to say, ‘okay, fine.’”

    In a June interview, Andy Jassy, CEO of AWS, said the company would listen to regulators if it was ordered to split off, but that he saw no upside to doing it just yet. As for revenue, AWS made up 13 percent of Amazon’s total in Q2, but more than half of its $3.1 billion in operating income for the same time period.

    https://www.pymnts.com/amazon/2019/could-jeff-bezos-spin-off-amazon-web-services/

Security/Privacy

  • Samsung will fix bug that lets any fingerprint unlock a Galaxy S10

    “Samsung Electronics is aware of the case of the S10’s malfunctioning fingerprint recognition and will soon issue a software patch,” the company told Reuters in a statement. The problem has been deemed serious enough that an online bank in South Korea, KaKaobank, has advised owners to switch off fingerprint recognition until it’s resolved.

    It’s not clear what’s causing the problem, but the Galaxy S10 uses an ultrasonic sensor to detect fingerprint ridges. Plastic or silicone screen protectors can stymie it, so Samsung has been recommending that buyers used approved protective devices. That doesn’t explain why the system is allowing access to non-registered fingerprints, however. Engadget has reached out to Samsung for more information.

    https://www.engadget.com/2019/10/17/samsung-patch-fingerprint-reader/?guccounter=1

Software/SaaS

  • Andrew Yang at Democratic debate: No one uses Bing. ‘Sorry, Microsoft, it’s true.’

    Yang, who has worked as a tech entrepreneur, referenced Bing while answering a question during the CNN and New York Times debate about the proper level of oversight for tech companies, including Facebook and Twitter.

    “We also have to be realistic that competition doesn’t solve all of the problems,” said Yang, 44. “It’s not like any of us wants to use the fourth best navigation app, that would be like cruel and unusual punishment. There’s a reason why no one is using Bing today.”

    A slow “ooh” began to rise up from the audience.

    “Sorry, Microsoft, it’s true,” he said.

    https://www.nj.com/entertainment/2019/10/andrew-yang-at-debate-no-one-uses-bing-sorry-microsoft-its-true.html

  • Amazon’s consumer business says bye bye to Oracle databases, moves to AWS

    But let’s get real. AWS will get more marketing returns out of this Amazon consumer migration than ever. More than 100 teams in Amazon’s consumer business contributed and the AWS move gives it a purpose built approach to databases. Again, Oracle would argue that leads to database sprawl. It is also worth noting that Amazon still has some Oracle databases. AWS explained: “Some third-party applications are tightly bound to Oracle and were not migrated.”

    But generally speaking, Amazon’s consumer unit moved most systems to AWS databases such as Amazon DynamoDB, Amazon Aurora, Amazon Relational Database Service (RDS), and Amazon Redshift. The migration covered 100% of Amazon’s proprietary systems.

    As for returns, Amazon is claiming that it reduced database costs by more than 60% with latency reductions of 40% and database admin overhead by 70%.

    https://www.zdnet.com/article/amazons-consumer-business-says-bye-bye-to-oracle-databases-moves-to-aws/

Other

  • Former Oracle co-CEO Mark Hurd has passed away

    Mark Hurd, who until last month was one of two CEOs leading the database software giant Oracle, has passed away at age 62, one month after telling employees in a letter that he was taking a leave of absence owing to health reasons.

    Hurd joined Oracle nine years ago, after spending five years with Hewlett-Packard, where he was CEO, president and, ultimately, board chairman, all roles from which he was pressured to resign in 2010 after submitting inaccurate expense reports that concealed his personal relationship with an outside consultant to the company.

    https://techcrunch.com/2019/10/18/former-oracle-co-ceo-mark-hurd-has-passed-away/

  • IBM Earnings Fall in Prolonged Sales Slump

    IBM on Wednesday reported sales of $18.03 billion, below analysts expectations and trailing the $18.76 billion it posted in the year-prior period. Shares slumped 6% in after-hours trading.

    The revenue decline was IBM’s 27th overall under Ms. Rometty, who has struggled to adapt the more than century-old company to a changing global IT landscape since taking the reins in 2012.

    The company’s closely watched adjusted earnings per share fell to $2.68, but came in slightly higher than analysts’ forecasts of $2.66.

    https://www.wsj.com/articles/ibm-earnings-fall-in-prolonged-sales-slump-11571258768

  • Son, SoftBank Risk Too Much With WeWork Takeover

    Son’s desire to be a savior may be strong. His 2012 takeover of U.S. telecommunications company Sprint Corp. is one of the most notable examples. But Vision Fund investors may also take it as a warning: Sprint remains unprofitable. It has also taken up a lot of management time as SoftBank executives worked to find a buyer — Sprint now plans to merge with T-Mobile USA — and then regulators to allow the deal to go through.

    As big as WeWork is, that investment is just 10% of the Vision Fund. Yet VC investing returns aren’t measured in percentage points, but multiples. The Vision Fund should be able to write off WeWork in its entirety and still post solid profits. It also means that expending an inordinate amount of time, and reputation, on one investee is not in the best interests of the Vision Fund’s other 82 portfolio companies, nor its investors.

    https://www.washingtonpost.com/business/son-softbankrisktoo-much-with-wework-takeover/2019/10/14/f3b46fd8-ee4e-11e9-bb7e-d2026ee0c199_story.html

Posted on

Supplier Report: 10/18/2019


Photo by Jakob Owens on Unsplash

Facebook’s eCurrency platform Libra continues to lose support with payment vendors as scrutiny increases from the Government.

Huawei remains a security concern both in the US and EU as nations and communities try to figure out a way to replace billions of dollars of Huawei infrastructure.

Large corporation’s leadership is still in a season of change.  SAP’s Bill McDermott is stepping down and more details are being shared in Red Hat’s CFO Eric Shander’s dismissal.

Acquisitions/Investments

None this week

Artificial Intelligence

  • IBM unveils Sterling Supply Chain Suite

    The “IBM Sterling Supply Chain Suite,” built on the foundation of Sterling B2B Network and Sterling Order Management, enables manufacturers and retailers to integrate critical data, business networks, and supply chain processes, Armonk, New York-based IBM said. The system’s open-architecture capabilities are a result of IBM’s recent acquisition of enterprise open-source solution provider Red Hat.

    These intelligent, self-correcting supply chains can continually learn from experience, creating greater reliability, transparency, and security while providing new competitive advantages, according to the company.

    “Supply chains are the central nervous system of global trade,” Bob Lord, IBM’s senior vice president for Cognitive Applications and Developer Ecosystems, said in a release. “Many organizations have risen to the top of their industries by building efficient and agile supply chains. But the technical infrastructure underlying many of these systems is still largely based on siloed, monolithic applications, which leads to inefficiencies throughout the supply chain.”

    https://www.dcvelocity.com/articles/20191008-ibm-unveils-sterling-supply-chain-suite/

Cloud

  • Texas attorney general, Google’s new competition cop, says everything is ‘on the table’

    Since then, Paxton said, Washington has failed to pursue key signs that Google and Silicon Valley are in violation of federal law. “Antitrust seems like it hasn’t been focused on for decades, through several administrations, not just Democrats but also Republicans,” he said, later adding: “I think this should have been looked at sooner than it is.”

    The result is a significant legal and political challenge on the horizon for Google and its executives. Bipartisan in nature, and born out of a belief that the tech industry has escaped government accountability for too long, Paxton and his team said nothing is off limits — words that threaten a broad review of Google’s business in a way that could reshape not only the company but the rest of Silicon Valley.

    “If we end up learning things that lead us in other directions, we’ll certainly bring those back to the states and talk about whether we expand into other areas,” he said.

    https://www.washingtonpost.com/technology/2019/10/08/texas-attorney-general-googles-new-competition-cop-says-everything-is-table/

  • Oracle Hiring Cloud Experts, Despite Cloud Chaos

    The announcement of these cloud-based hires comes four months after Oracle reportedly laid off hundreds of employees from the Seattle facility that served as the nucleus for much of its cloud operations. At the time, Business Insider suggested that the layoffs stemmed from vicious infighting among the cloud teams, along with a broader struggle to determine the company’s direction.

    Indeed, a new article in Bloomberg suggests that Oracle is retreating from its previous vision of competing directly against Amazon Web Services in the cloud-infrastructure arena. Instead, Oracle is focusing on cloud-based platforms and applications that serve its clients’ database and analytics needs. On top of that, the company is reportedly abandoning its previous strategy of going it alone in favor of partnerships with companies such as Microsoft, Box, and VMware.

    https://insights.dice.com/2019/10/10/oracle-hiring-cloud-experts/

Security/Privacy

  • No one could prevent another ‘WannaCry-style’ attack, says DHS official

    Jeanette Manfra, the assistant director for cybersecurity for Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), said onstage at TechCrunch Disrupt SF that the 2017 WannaCry cyberattack, which saw hundreds of thousands of computers around the world infected with ransomware, was uniquely challenging because it spread so quickly.

    “I don’t know that we could ever prevent something like that,” said Manfra, referring to another WannaCry-style attack. “We just have something that completely manifests itself as a worm. I think the original perpetrators didn’t expect probably that sort of impact,” she added.

    https://techcrunch.com/2019/10/06/government-prevent-wannacry-style-dhs/

  • EU Warns of 5G Risks Amid Scrutiny of Huawei

    The new assessment has raised alarm among officials in European capitals over Huawei, in particular, according to officials familiar with the report. Huawei has been a big supplier of network gear in large European economies like the U.K. and Germany. European leaders will lay out specific guidelines for member states on how best to approach issues of security within 5G networks later this year.

    “These vulnerabilities are not ones which can be remedied by making small technical changes, but are strategic and lasting in nature,” said a person familiar with the debate inside the European Council, the bloc’s top political policy-making body.

    https://www.wsj.com/articles/eu-warns-of-5g-risks-amid-scrutiny-of-huawei-11570814799
    Huawei helped bring Internet to small-town America. Now its equipment has to go

    Other rural telecom companies face a similar predicament. About a dozen small rural carriers have purchased gear over the years from Huawei or ZTE, another Chinese company that has raised security concerns, according to their trade group, the Rural Wireless Association. The carriers often bought the equipment with U.S. government subsidies intended to help bring Internet service to sparsely populated areas that larger telecom companies deemed unprofitable.

    Replacing the gear would cost roughly $1 billion, the association says, and Pine and other small companies are calling for federal funding to help. “If not, rural America takes a hit,” Whisenhunt said, adding that it would take Pine years and tens of millions of dollars to strip its Huawei equipment off more than 140 cell towers.

    https://www.washingtonpost.com/business/2019/10/10/huawei-helped-bring-internet-small-town-america-now-its-equipment-has-go/

Other

  • SAP’s Bill McDermott on stepping down as CEO

    SAP’s CEO Bill McDermott today announced that he wouldn’t seek to renew his contract for the next year and step down immediately after nine years at the helm of the German enterprise giant.

    Shortly after the announcement, I talked to McDermott, as well as SAP’s new co-CEOs Jennifer Morgan and Christian Klein. During the call, McDermott stressed that his decision to step down was very much a personal one, and that while he’s not ready to retire just yet, he simply believes that now is the right time for him to pass on the reins of the company.

    https://techcrunch.com/2019/10/10/saps-bill-mcdermott-on-stepping-down-as-ceo/

  • Mastercard, Visa, eBay Drop Out of Facebook’s Libra Payments Network

    The moves came after lawmakers, central bankers and regulators expressed deep concerns about the libra project.

    The loss of four of the largest payments companies in the world leaves Facebook without much of the muscle it assembled for libra, a digital currency it hoped would make it a player in e-commerce and global money transfers. The project now mostly hinges on smaller payments companies, telecommunications providers, venture-capital firms, e-commerce merchants and nonprofits.

    “I would caution against reading the fate of Libra into this update,” David Marcus, the Facebook executive overseeing the project, wrote Friday on Twitter. “Of course, it’s not great news in the short term, but in a way it’s liberating. Stay tuned for more very soon. Change of this magnitude is hard. You know you’re on to something when so much pressure builds up.”

    https://www.wsj.com/articles/mastercard-drops-out-of-facebook-s-libra-payments-network-11570824139

  • Red Hat CFO Loses Out on Retention Bonus Following Standards-Related Ouster

    Red Hat Inc.’s finance chief Eric Shander has been dismissed from the company, forfeiting a $4 million retention award that was agreed to ahead of Red Hat’s acquisition by International Business Machines Corp.

    The Raleigh, N.C.-based software company confirmed late Thursday that Mr. Shander was no longer working at Red Hat. “Eric was dismissed without pay in connection with Red Hat’s workplace standards,” a company spokeswoman said in a statement.

    https://www.wsj.com/articles/red-hat-cfo-loses-out-on-retention-bonus-following-standards-related-ouster-11570825819

Posted on

News You Can Use: 10/16/2019


Photo by Alex Iby on Unsplash

  • Scratching the Itch: Knowing When to Leave a Job or to Stay

    Because talent can be difficult to come by, an employer should do something that recognizes your worth. Despite it being in the HR department’s best interests to retain talent, incentives are actually skewed to get employees to leave. Employees more quickly leave “incentivizing” companies in favor of companies that help them visualize their path within the organization.

    It’s hard to walk away from a clearly communicated path to success. That’s the bet that companies are making in the HR space. For example, Instructure introduced Bridge, an employee development platform that creates a visual roadmap for success. Bridge also connects employees with mentors, but the real benefit is that it allows each employee to visualize what he has to do in the next six months to get promoted to get where he ultimately wants to be in his career in the next three years.

    “In the 1990s and early 2000s, customer centricity was used by corporations who wanted to effectively connect with and understand their clients,” noted Dan Goldsmith, CEO of Instructure. “We see a similar focus by companies today who want to be more employee-centric.”

    https://www.entrepreneur.com/article/340220

  • Meetings aren’t the biggest time waster at work. This thing is

    “There’s been an explosion in the number of software applications available,” says Jody Shapiro, Productiv founder and former head of Google Analytics. “The struggle is in the organic adoption of these tools. Ten years ago, everybody used Microsoft Office and Adobe tools. Today, SaaS [software as a service] vendors are selling directly to business units, and we are experiencing a sprawl of applications meant to increase productivity. The problem is that different departments are using different tools, and that slows everyone down.”

    Shapiro says the biggest challenge is redundancy. “Within a company, the legal team might use Microsoft Word, the engineers are using Google Docs and the marketing team is using Dropbox Paper. If you want to find a document, you may need to check five different tools. This is a massive productivity killer, and it can impact morale.”

    https://www.fastcompany.com/90411686/meetings-arent-the-biggest-time-waster-at-work-this-thing-is

  • Talking Tech with Microsoft CEO Satya Nadella
  • Millennial and Gen Z employment: 7 things young talent wants in a job

    Working in the field often requires on the spot decision-making. Without a supervisor hovering over you, one of the most essential skills field service technicians have to master is how best to solve problems. Armed with tools like augmented reality interfacing and video tutorials, service technicians are given the freedom and trust to reach the best conclusion for each customer.

    This kind of autonomous work environment demands independent thinking, keen insight, clever workarounds, and confidence in one’s own abilities. Millennials, accustomed to seeking out information just within reach of their fingertips, are ideally suited to handle the pressure and reap the rewards of satisfying tough customer requests. And this in turn explains the trend towards a gig economy.

    https://www.the-future-of-commerce.com/2019/10/02/millennial-and-gen-z-employment-wants/