Bloomberg Report: Zynga Rises in Debut After Raising $1B in IPO Zynga Inc., the largest maker of games for Facebook, was little changed in its first day of trading after raising $1 billion in an initial public offering that gave it a higher valuation than Electronic Arts Inc. (ERTS) The shares, listed on the Nasdaq Stock Market under the symbol ZNGA, gained 1 cent to $10.01 at 11:36 a.m. New York time. The developer of games such as “CityVille,” “FarmVille” and “Mafia Wars” sold 100 million shares for $10 each, the top end of an $8.50 to $10 range, Zynga said in a
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Is Warren Buffett a Supporter of Cloud Computing? “It’s only when the tide goes out that you learn who’s been swimming naked.” – Warren Buffett, legendary investor and one of the richest men in the world. In the wake of the sub-prime mortgage crisis and the collapse of Bear Stearns and Lehman Brothers, Warren Buffett’s quote seems especially relevant. While this clearly demonstrates his aversion to risk, his recent buy may possibly indicate a support for cloud computing. In a world full of corrupt leaders and avaricious businessmen, Warren Buffett is a role model worth looking up to. In spite
Cloud Valley: China’s Cloud Computing Initiative and the Man behind It The whole world knows about Silicon Valley in California; however, very few are aware of Cloud Valley in China. While calling the 7,000-square-meter technology campus in a Beijing suburb as a “valley” may be an exaggeration, there’s no denying the immense possibilities of this place. As anyone familiar with the history of technological clusters will tell you, all of them – from Silicon Valley and Boston Route 128 in the US to Silicon Wadi in Israel – had their origins in a few brave beginners. Moreover, with the growth
Cloud Computing Startups Raise Big Money: UPDATE 2 This is the third in a continuing series on startups raising funding. You can read the first two in the series here: 1. Cloud Computing Startups Raise Big Money: UPDATE 1 2. Cloud Computing Startups Raise Big Money Today, there are two startups in focus – Dropbox and EnStratus Dropbox (http://dropbox.com) Dropbox is a cloud computing startup that has garnered a lot of attention ever since it was founded in 2007 by MIT graduates Drew Houston and Arash Ferdowsi. In fact, at one point of time, Steve Jobs had also expressed interest
Fujitsu’s Perceptions of the Cloud It’s quite some time since I wrote about Fujitsu’s presence on the cloud. Although the Japanese conglomerate had expressed its intention to invest big money in cloud computing almost a year ago (See: Fujitsu set to invest $1.2 billion-plus on cloud computing in 2011), there hasn’t been any big developments on that front other than its launch in the North American market (See: Fujitsu Rolls Out Global Cloud Computing Platform in North America). However, all that is set to change as it launches two new services and a set of hardware modules called Dynamic Infrastructures
Dell Announces Ramp Up Of Taiwan Office – To Hire 100 Cloud Computing Professionals Two weeks back I had written about how cloud computing has emerged as a viable career option (See: Should You Train To Be a Cloud Computing Professional? – Part 1 and Should You Train To Be a Cloud Computing Professional? – Part 2 ). Now, computing giant Dell has announced the expansion of its Taiwan Design Center, with the headcount slated to increase by 100 from the current 600 employees. This increase is in an effort to expand its cloud computing research capacity. Dell has come a
Cloud Computing and Funding clearly go hand in hand at the moment. Many of the recent cloud computing acquisitions involve well established businesses which have strong management, a history of sales and a proven track record. However, if you are on the other side of the spectrum and are a small start-up with a limited number of employees, limited sales but the right business model, you may then want to look into CrowdFunding. Take a look at one of our previous posts regarding crowdfunding Source: ColumnFiveMedia
Department of Homeland Security Licenses TIBCO Software in Multimillion Dollar Deal Palo Alto, CA, October 26, 2011 - TIBCO Software Inc. (NASDAQ: TIBX) today announced a multimillion dollar transaction by the Department of Homeland Security (DHS) for TIBCO software products. TIBCO technology will be used by DHS’s National Protection and Programs Directorate’s National Cyber Security Division to protect and defend the federal executive branch civilian networks – also referred to as the dot-gov domain. DHS efforts are focused on enhancing the cyber security posture of the nation by improving their capacity to prevent, identify, respond to and recover from cyber threats.
