Zuora, the Marc Benioff-backed on-demand billing and payments start-up, has
announced what it calls the Z-Commerce Platform, a development platform
dedicated to monetizing cloud computing services.
Zuora CEO Tien Tzuo describes the widgetry as the start-up’s most important
product announcement to date, “a big step towards our vision of being the
de facto commerce engine for the cloud.”
With Z-Billing, Z-Payments, and Z-Force, its existing products, the
company’s supposed to have a suite of business cloud solutions focused on
driving revenue from cloud computing.
It figures there’s huge market potential for a provider of cloud-based
commerce capabilities such as subscription billing and payments given
predictions like Merrill Lynch’s that puts the addressable market for cloud
computing at $160 billion, including $95 billion in business and productivity
Google Q3 numbers were released early Thursday utterly surprising a market
high on its business, which has driven its stock to all-time highs.
It missed big on both the top and bottom line, instantly creating a big
sell-off of its high-flown stock, losing $19 billion in market cap, before it
was halted at the company's request at $687.30, down roughly 70 bucks or 9%.
It was not clear what was going on and whether the company actually intended
an early release since it's unusual for a company like Google to post its
numbers during the trading day. The release also looks like a draft... (more)
Oracle CEO Larry Ellison has evidently called in a few markers and persuaded
some of his friends to stand up with him in his legal battle over Java
against Google and its Android operating system.
On Tuesday, the last day to file amicus briefs supporting Oracle's appeal of
the district court decision flaying Oracle's infringement case, the Federal
Circuit of Appeals was flooded with paper (figuratively speaking) backing
Oracle's position on the copyrightability of APIs and Android's infringement
District Court Judge Alsup found that "So long as the specific code used to ... (more)
Dell CEO Michael Dell told the Wall Street Journal in an e-mail exchange over
the weekend that he intends to stay with the company if his
multibillion-dollar offer to buy the joint and take it private isn’t
approved by the stockholders.
He also said that he won’t support Carl Icahn’s notion of a leverage
recapitalization or Icahn’s schemes to put the company deeper in debt or
sell off some its assets to pay shareholders an ostensibly higher price.
Michael reiterated that the specter of $13.75 a share that he and private
equity house Silver Lake Partners dangled in front of stockh... (more)
Carl Icahn and Southeastern Asset Management sent Dell's special board
committee an open letter first thing Monday morning urging its members, who
are supposed to be watching out for the interests of Dell shareholders, not
to change the rules governing the upcoming shareholder vote on whether to
accept Michael Dell's offer to buy the company.
Icahn and Southeastern claimed that Michael and private equity house Silver
Lake Partners are trying to subvert the rules they had agreed in writing
could not be waived by demanding that shares that aren't voted not be
counted. The rules ag... (more)