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Showing posts with label night. Show all posts
Showing posts with label night. Show all posts

Oct 17, 2012

As Q3 Sales Slip, IBM Looks Beyond Hardware to Cloud, Analytics, Social

Big Blue released its Q3 numbers last night and it’s makes for grim reading. IBM revenues slipped below analysts' expectation as poor economic conditions around the world hit profits in American global corporations.

Hardware a Problem for IBM In Q3

Not that there is any real concern about the future of IBM. Mark Loughbridge, the company's CF0, stands by his predictions of a good year for IBM when it rounds up things at the end of the fourth quarter. That said, there is trouble in the kitchen. Hardware sales seem to be the principal problem this time around, even if figures in other IBM business segments were far from overwhelming.

Overall, the company reported a third-quarter profit of US$ 3.82 billion, down from US$ 3.84 billion a year earlier, with revenue sliding 5.4 percent to US$ 24.75 billion.

But if this were an "IT Christmas Carol," we might be citing the Ghost of Leo Apothekar-Past, as the drop of 13 percent in hardware sales that IBM experienced over the quarter is more than just a market hiccup.

Apothekar, you may remember, had tried to pull HP out of hardware last year, predicting that hardware was in for a rough ride. The move that cost him his CEO stripes at HP.

But it seems now that he was only reacting to the reality of a market that is steadily shrinking, as governments and large enterprises in Europe extend their IT replacement cycles and hold onto the hardware they have, in order to cut costs.

Global Problems

Indeed much of the revenue shortfall that we see in this set of figures was blamed on the economic woes in Europe, which translated not only into falling sales, but also fewer dollars for every sale, thanks to a weaker euro.

There were also signs of slowdown in the company’s technology-consulting services, but there were other problems as well. The problems included:

  • Geography: It wasn’t just Europe that performed badly — the US and Australia didn’t do too well, either. Revenue in US was US$ 10.4 billion, down 4 percent from a year earlier. Europe, the Middle East and Africa earned revenues of US$ 7.2 billion, down 9 percent on last year. Asia-Pacific managed to rise by 1 percent to US$ 6.5 billion, showing that India and China, despite everything, are still strong performers.
  • Software: This is generally considered one of the indicators of company health and this time around it didn’t do too badly, although it has performed better in the past. Revenues here were US$ 5.8 billion, with revenues from its middleware products like Tivoli, Lotus and WebSphere down 1 percent to US$ 3.6 million.
  • Systems and Technology: This includes hardware and totaled US$ 3.9 billion, down 13 percent on this time last year. Revenue for systems sales and services not including retail systems were down 8 percent on the year. System Storage revenue decreased by 10 percent from a year earlier. IBM says it was hit by the sale of its point-of-sale technology to Toshiba, was well as the introduction of new mainframe equipment that hit earlier lines.

IBM’s Cloud, Analytics, Social Business

However, IBM has invested in technologies that are quickly becoming the wave of the future, and expects to ride out difficult times using this.

By 2015, it has said on previous occasions, it is expecting to add US$ 20 billion to its revenue through cloud computing, analytics, its smarter planet initiative and investments in emerging markets.

 

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Source : cmswire[dot]com

Aug 27, 2012

What Successful Night Owls Get Done Before Bed

We all know morning people are said to have a business advantage, but what about those night owls? They've got a competitive edge, too. Here are their productivity tips for the wee hours.

Early birds get all the credit. Research indicates that morning people tend to be more active and goal oriented, and such larks as Steve Jobs, Craig Newmark of Craigslist, and 25-year old David Karp, founder of the Tumblr blogging platform suggest that climbing the ladder of success is easier before breakfast.

So does that mean night owls are at a disadvantage? Research by Satoshi Kanazawa and colleagues at the London School of Economics and Political Science suggests no. The group discovered significant differences in sleep preferences and found that . They found an evolutionary shift from being active in the day towards nightly pursuits and that those individuals who preferred to stay up late demonstrated "a higher level of cognitive complexity.” Researchers from Belgium and Switzerland studying sleep habits found that early risers needed more rest than their nocturnal counterparts and didn’t focus as well later in the day as those who slept in.

Armed with that knowledge, Fast Company found a group of dedicated night owls to discuss their strategies for making the wee hours work for them. Most responded to our queries via email well past midnight. Here’s what they told us.


Pick One Project

Keval Desai, managing partner of InterWest Partners and a former Google developer, says he’s only seen the sun rise in the past decade when he pulls an all-nighter. He replied at 2:22 a.m., close to his typical turn-in time of 2 a.m.

His penchant for working late was born of necessity when he was still in high school in Bombay. “My parents and I lived in a small apartment and during the day there was no privacy of time or space to concentrate. So the only option to get my studies done would be to work on it at night after everyone was asleep and there were no friends, neighbors, or random visitors dropping by.”

Staying up late is now a habit, and Desai says it’s common for him to leave the thinking work for the wee hours. “During the day most of my time is spent in meetings with entrepreneurs, and the only time I can find alone to do work that requires some concentration is when the rest of the household is asleep.”

He’ll pick one project per night. Daytime is for doing the research on tasks that “require synthesizing several different pieces of information, then applying some thought on key decisions that need to be made and then articulating those decisions,” he says. “I don’t go to sleep until the task is done in one night session.”

You’ll find Desai working from home after hours, although he says he’s logged plenty of nights at the Google offices and then drives home to San Francisco, 45 miles away. He’s a big believer in drinking a cup or two of decaf green or chamomile tea while ensconced in a spare bed with his laptop.


Combat Clutter

Laurie Tucker is the senior vice president for corporate marketing at FedEx who sent her response to us at 1:45 a.m., also close to her bedtime of 2 am.

Tucker, who rises at 6 a.m. most mornings to work out, is one of those (rare) individuals who only needs about five hours of sleep each night. “My mother only slept a few hours a night, and I can still remember visits from my cousins who were put to bed by their parents at 8 p.m., while my brother and I sat up until midnight watching TV with the grownups,” she says. Though her husband “loves to sleep” and hits the hay at about 9:30 p.m., Tucker has to make herself go to bed.

“I adore late night. When my kids were young, I loved having hours of quiet after they went to bed. I had team all over the world back then so I would do conference calls, respond to email, and catch up on reading,” she says. Now that her kids are grown and she manages a U.S.-based team, she has more time to read and think.  “I love the quiet time to unclutter my mind.”

While she doesn't require as much sleep as most people, Tucker still believes late-night hours should be spent at rest. "Nighttime is for regeneration. Be at peace, feed your mind, and let your body rest.” 

She avoids anything with caffeine at night, says that she goes to sleep within minutes of her head hitting the pillow. Her energy level stays high all day, and she never naps. "My biggest challenge is to stay away from the kitchen--dinner to bedtime is a long stretch," says Tucker.


Hit The “Idea” Bar

Cosmopolitan editor-in-chief of and author of the new book I Shouldn’t Be Telling You This, Kate White was kind enough to spill some of her late-night strategies.

White goes to bed earlier than she used to (midnight or 1 a.m.) because she hits the ground running at 5:30 a.m. to work on her fiction. At night, you’ll find her hard at work on magazine editing, non-fiction book writing, and blogs.

“My craziest trick is that I regularly do my work standing up at a rolling butcher block counter in my kitchen. If I were to work sitting down, I’d fall asleep," White says. "I know it sounds awful, but I think of it as if I’m tending bar in the evening--a bar of ideas. And I always keep the kitchen TV on so it doesn’t seem too lonely. I drink several espressos at night, which really helps."


Late Night Rendezvous

CEO of the online meeting platform Groopt, Patrick Allen says his head doesn’t hit the pillow (or his desk) until about 3:30 a.m. That makes him the early bird among the site’s developer staff, who tend to stay up all night chatting on Campfire.

Located on the top floor or a quirky Victorian in San Francisco’s fabled Haight Ashbury neighborhood, Allen says the Groopt HQ is a haven for productivity, with feng shui that would make Confucius proud. “We firmly believe that to reach maximum productivity, you must work in the optimum environment, and this couldn't be more true for the night owl,” he says. Rather than revel in the quiet, Allen says it's not uncommon to find “three to five of our Troopers sitting around the coffee table at 3 a.m. hammering out user stories or crafting new experiments for cohort analysis,” which energizes him.

To be effective late, he says, you need to believe what you're doing is giving you an edge on the competition. "As Childish Gambino says, ‘While they be sleeping I'll be on to that new $hit.’"

To keep alert, they've stocked their pantry with fresh coffee, a Nespresso machine, and "mounds and mounds of Yerba Mate.”


Big Picture Thinking

Frank Aldorf, the chief brand officer of Specialized Bicycle Components sent us a reply at 1:49 a.m.--late for the guy who tries to turn in no later than half past midnight.

“It's actually fun working on this brand,” says Aldorf. But with a team in different time zones and a company that has offices in 28 countries, Aldorf’s day is mostly organized around meetings and connecting with people or travel.

“At night is the time when I get stuff done and can think about the bigger picture. It's focused. That’s the time when I can turn notes and ideas drafted on the fly into concepts and future projects. I read through saved articles and get inspired by my well-maintained RSS feed.”

Aldorf says he needs the right music on his headphones. “I can't live or travel anymore without my noise-canceling headphones and a station like KCRW.”

Aldorf doesn’t do caffeine at night and keeps the coffee consumption to 1 or 2 espressos a day. “Before I start my nightshift, I go for a short bike ride to sharpen my senses,” he adds, “But I know how important rest time is to be game the next day.” Which for him, starts back up at 6:30 a.m. 

What keeps you up at night? How do you stay productive? Tell us about it in the comments below.

Lydia Dishman used to stay up writing until 2 a.m. Now she's switched to waking up early, albeit with a LOT of coffee. You can read more of her work here.


Source : fastcompany[dot]com

Aug 23, 2012

HP Suffers Biggest Loss In Company History, Autonomy Still Requires 'Attention'

If HP investors were expecting Meg Whitman to produce a miracle at HP and turn the company around in 12 months, then last night’s earnings call will have disappointed. The hardware-software giant announced a Q3 loss of US$ 8.9 billion — its biggest quarterly loss in its history with Autonomy dragging on an already poor performance for hardware sales.

HP Job Losses, Write-downs

However, Whitman insists that everything is on track and that what we’re seeing at the moment is the early stages of a turnaround that will see HP back where it belongs in the long term. She warned, though, that it wouldn’t be easy, a fact the 4000 people that lost their jobs in restructuring over the past year will testify to.

Before looking at the information that was given about the performance of its US$ 11.7 billion acquisition last year, let’s take a quick look at some of the figures.

In a pretty weak global economy, HP hasn’t done as well as some of its counterparts, who have also been suffering from weak demand, but have still been able to push the bottom line in the right direction.

The month started badly enough for investors when earlier on HP announced that it would be posting a bigger-than expected charge in the third quarter in relation to its workforce reduction plans. The idea is that 27,000 people worldwide would go, and with four thousand gone over the year, the costs of this look pretty steep, although figures on this are not available.

A further 11,500 are expected to leave the company in fiscal year 2012 — which ends at the end of October — as opposed to the 9,000 that HP had originally announced. Another 15,500 employees will be let go through October 2014.

Also in this quarter — and the reason behind the US$ $8.9 billion loss it announced for the quarter — are the plans announced to take an $8 billion charge to reflect the shrinking value of Electronic Data Systems, a technology consulting service it bought for US$ 13 billion in 2008.

Third-Quarter Revenues

Overall, revenue for the third quarter fell 5 percent year over year to US$ 29.7 billion, US $500 million less than analysts had expected. Without the write-downs and other once-off costs, though, HP did OK in a very sluggish market.

Profits without these costs would have been US$ 1.97 billion, down 9 percent year over year, but in keeping with what’s happening in the wider global market as businesses in many geographies hold off on spending until the direction of the global economy finally becomes clear.

Another highlight was that software sales rose 18 percent to $973 million, driven by last year's acquisition of Autonomy, even if licenses grew by only 2%. Software-related support revenue was up 16 percent and software services rose 65 percent.

The PC market also remains weak, with PC revenue down 10% year-over-year, driven by this weakness and an aggressive pricing from competitors, Whitman said. She added:

The reality is we're locked in serious, competitive battles, but we're determined to win. We will fight to sustain our leadership position, particularly in the Commercial space, while remaining focused on profitable growth. To this end, we are executing targeted marketing and promotional programs to support the business in Q4.”

Autonomy, HP

For information management professionals — and for the financially bloody-minded — the real interest in these figures was what has happened with Autonomy; after all, while HP did spend a huge whack of money to buy it, it did buy one of the more interesting products in the information management space with IDOL.

 

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Source : cmswire[dot]com