See this Forbes story for the latest news on the situation at Fast Search (& Loose Accounting) & Transfer: * Layoff of 148 employees * Reduction in operating costs of approximately $12M/quarter * Up to a $55M one-time restructuring charge * Of which $25M will be cash (e.g., severance) * And remaining up
It's funny how things that companies leave undisclosed in press releases can often be found buried in SEC filings. Seth Grimes and I had gone back and forth a bit debating what Business Objects had paid for Inxight. Seth had estimated $125M to $175M. Knowing that Business Objects
The Software Equity Group has released the 2Q07 Software Equity Report. It's a great piece of research on the market. Here a few highlights: * Overall software industry growth from $211B to $305B between 2005 and 2010, reflecting a 7.6% CAGR (per IDC) * There were 6 software IPOs
Fast Search & Transfer reported its 2Q07 financial results yesterday. Here is the summary: * Revenues of $34.1M, down 31% from 1Q07, and down 11% from 2Q06 * Operating loss of $37.8M, reflecting an operating margin of -111% * Cash burn of $25.6M in 1Q07 and $74.8M over the
The cover story of today's (Sunday) New York Times is an article about millionaires in Silicon Valley who don't feel rich. Overall, I think the piece does an excellent job of capturing the local culture and feelings about money. However, I think it overlooks a few
I've always loved the tale of the time traveler who goes back in time, steps on a butterfly, and returns to a radically different present than the one he or she left. I think about it every time I hear a story of a business that's
See this Forbes story for more information on the situation at Fast Search & Transfer. The shortfall seems bigger than I previously posted: * The 2Q07 revenue guidance I cited was evidently the bottom of a consensus range of $50M to $60M (see below) * The company's new guidance is
I was digging through my bloglines bookmarks today and found this old (for a blog) post on the Red/WriteWeb written by Nitin Karandikar, author of the Software Abstractions blog. The post, entitled Top 17 Search Innovations Outside Google, provides a great round-up of recent search innovations. It was posted
See this story where Norwegian enterprise search vendor, Fast Search & Transfer, makes a significant (~$15M revenue shortfall) 2Q07 earnings warning: Fast Search & Transfer closed 4.25 nkr lower at 10.75 after the search platform specialist warned its second-quarter results were unlikely to meet market expectations, with sales
Check this out. It's the top 200 sites on the web, visualized as a subway map, where the lines are trends and the stations show supplemental information, such as the momentum of the site. It's very creative and quite interesting; it's produced by a
Check out this InformationWeek story that describes a spat between Google and Autonomy over a white paper that Autonomy released a while back, which they now say is outdated. My favorite quote from the Autonomy marketing VP: Ah, the old "we never see them" line. It's
Perhaps it's because I ran high-tech marketing departments for years before joining Mark Logic that I'm abnormally attuned to the corporate news roll-out process, but I'll say that I'm finding EMC's PR around (what I'll now have to
