Welcome!

Java IoT Authors: Pat Romanski, Elizabeth White, Liz McMillan, Yeshim Deniz, Mehdi Daoudi

Related Topics: Java IoT

Java IoT: Article

The Week in i-Technology: Nokia Back Big-Time, Ellison Still Hungry for Growth, McNealy Relinquishing His Grip?

Jeremy Geelan Takes a Sideways Look at the Weird and Wonderful Week That Was

Some weeks in any industry seem longer than others; as far as i-Technology industry goes, the week just ended seemed to last about a month.

How else is one to explain how there can possibly have been room for all that happened, from the return to center-stage of Larry Ellison on the one hand and Nokia on the other, to the rumored separation of Scott McNealy - by his own BoD - from the helm of the good ship Sun Micro? And sixteen other major things besides...

Let us begin at the beginning, with the news from Larry Ellison on Monday - via the Financial Times - that he is determined that Oracle's earnings will one day very soon, if it plays its cards right, hit $10BN. Too ambitious a target, so soon after the fallow post-Bubble period? He thinks not.

"All I care about is that we keep growing our profits every year," he told the UK-based newspaper. "We have a five-year plan to grow our profits at 20 per cent a year. Last year we overshot, we grew at 28 per cent. This year we will grow at 20. We’re growing our profits very, very rapidly," he added matter-of-factly.

Someone who is not growing his profits very rapidly, on the other hand, is Sun's Scott McNealy. The doyen of the i-Technology industry, the longest serving CEO in Silicon Valley, is not - so rumors say - going to have a 23rd year running the company he's steered for 22 years. The helm will pass to his heir apparent, current President and COO Jonathan Schwartz.

McNealy, whose 6-year average compensation has been $13.35M, has been with Sun 24 years. On Monday Sun is set to announce results for the fiscal third quarter on Monday after the closing bell on Wall Street. By the sound of things it may not be the only major company announcement of the day from the Santa Clara, CA-based giant.

Sun's stock has crawled slowly upwards over the last 4 quarters, from $3.50 to $5.0. Nokia shares, on the other hand, have sky-rocketed, helping European stocks have their biggest weekly gain since January. After announcing that first-quarter profit had risen 21 percent from a year earlier on strong sales in North America and Asia, Nokia CEO Jorma Ollila went so far as to predict that the 3G handset market will double in size in 2006 compared with 2005 - which, if it turned out to be true, would push global shipments to just shy of 100 million units, a truly staggering total.

Nokia already sells one in three of all the mobile phones on earth. "The 3G market has really been taking off," Ollila said. "Our investment in 3G is really starting to pay off." Sales nearly doubled in North America - especially for its high-end Nokia N70 imaging phone.

Another high-profile CEO, Google's Eric Schmidt, had cause to celebrate last week too. Google had enjoyed what Schmidt called an "exceptional quarter with strong growth and profitability."  More specifically, Google's first-quarter profit rose 60% to $592M (from $372M for Q1 a year ago).

This was also the week in which Microsoft tackled its "MSN problem" (i.e., that of lackluster performance) by hiring asway from Ask.com and the man credited with building the management team that orchestrated its turnaround into the second-largest pure search site on the Internet, Steve Berkowitz. He is to become senior vice president of Microsoft's Online Business Group.

"This is an industry in its early years," Berkowitz said in a statement, adding "with so much opportunity and so much yet to be figured out."

"Microsoft has a team of some of the world’s greatest technologists and business leaders who are committed to pushing the boundaries of what is currently thought to be possible. The opportunity to work in the online space for a company like Microsoft, with its vision, capabilities and global reach, is truly exciting."

More Stories By Jeremy Geelan

Jeremy Geelan is Chairman & CEO of the 21st Century Internet Group, Inc. and an Executive Academy Member of the International Academy of Digital Arts & Sciences. Formerly he was President & COO at Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences across six continents. You can follow him on twitter: @jg21.

Comments (3)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


IoT & Smart Cities Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...