Reaching For The Cloud

Nasdaq CEO Embarrassed by Facebook IPO Glitches

In the wake of the Facebook IPO fiasco, Nasdaq CEO Robert Greifeld beat his breast and told the Wall Street Journal along with other press Sunday that Nasdaq’s “acknowledged design problems” bungled the social network’s landmark lPO Friday.

Reporters were told on a conference call that problems with order cancellations interfered with Facebook’s debut despite trial runs that didn’t detect any problems with handling what was expected to be massive demand.

The Nasdaq even considered halting trading so it could sort out its Friday’s foul-ups but didn’t.

“This was not our finest hour,” Greifeld reportedly said. The Nasdaq, he said, which fought to keep the IPO away from the New York Stock Exchange, is “humbly embarrassed.”

Nasdaq’s board met Saturday to consider what happened Friday when the sexy Facebook offering closed at $38.23, a mere 23 cents better than its IPO price, down from an open of $42.05 and a momentary high of $45.

There are now supposed to be changes.

The IPO suffered a half-hour delay – although that’s not unusual – and then had technical glitches that upset traders and created confusion. Mutual funds and other institutions had to wait more than two hours after the stock opened at 11:30am New York time to find out whether their orders had been honored or canceled and at what price, a situation that reportedly caused big investors to bail out. Some of these orders were placed at 7:30am.

It was said Friday that the stock actually had to be propped up.

Fox News claims it heard that the Nasdaq may have to make good the $100 million in losses investors and traders say they suffered Friday because the exchange “essentially broke down and failed to execute buy and sell orders” for the stock at various times during the day.

Other people Fox talked to, who apparently expect Greifeld to be a “gentleman” and make them whole, say the number could go to $200 million.

Any legal obligations are unclear. Reputation risks are another thing. Needless to say Facebook is upset while the Big Board feels vindicated.

The New York Times says Greifeld isn’t buying into responsibility for Facebook’s “lackluster performance.” It was the fault of the “number of order cancellations that came in during the final stages of the initial public offering process” and “backed up Nasdaq’s systems” until two or, in some cases, after 2:30 in the afternoon.

“Nothing in Nasdaq’s data indicated that the exchange’s technical issues had any effect on Facebook’s shares,” the Times said.

Something like 310 million shares reportedly traded in one 90-minute period.

Meanwhile, Facebook CEO Mark Zuckerberg got married to his girlfriend Priscilla Chen Saturday in a backyard wedding that came as a surprise to the guests who thought they were at Zuckerberg’s house in Palo Alto to celebrate Chen’s graduation from med school according to the AP. No word on any prenup. They have been together since meeting at Harvard nine or 10 years ago.
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Spring (May) 2012 StorageIO news letter

Spring (May) 2012 StorageIO news letter
By Greg Schulz

Spring (May) 2012 News letter

Welcome to the Spring (May) 2012 edition of the Server and StorageIO Group (StorageIO) news letter. This follows the Fall (December) 2011 edition.

You can get access to this news letter via various social media venues (some are shown below) in addition to StorageIO web sites and subscriptions.
Click on the following links to view the Spring May 2012 edition as an HTML or PDF or, to go to the news letter page to view previous editions.

You can subscribe to the news letter by clicking here.

Enjoy this edition of the StorageIO newsletter, let me know your comments and feedback.

Ok, nuff said for now.
Cheers Gs
Greg Schulz – Author Cloud and Virtual Data Storage Networking (CRC Press, 2011), The Green and Virtual Data Center (CRC Press, 2009), and Resilient Storage Networks (Elsevier, 2004)

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All Comments, (C) and (TM) belong to their owners/posters, Other content (C) Copyright 2006-2012 StorageIO All Rights Reservedread more

eGroup Delivers Cloud Computing

eGroup announces eCloud v2.0, its newest public cloud computing platform.
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Enterprise Mobility Asia News Weekly – Week of May 20, 2012

Welcome to the Enterprise Mobility Asia News Weekly, an online newsletter that consists of the most interesting news and articles related to enterprise mobility in Asia. Asia is predicted to be the fastest area of growth for enterprise mobility between now and 2016.

Also read Field Mobility and M2M News Weekly
Also read Mobile Commerce News Weekly
Also read Mobile Marketing News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to compete in the smartphone market against Apple and Samsung Electronics. Read Original Content

Forty percent or 838.7 million employees in Asia Pacific, excluding Japan, will be mobile workers by 2015, according to a report by the International Data Corporation. Read Original Content

Baidu Inc., China’s largest search engine, will launch a cheap smartphone with Foxconn Technology Group, Sichuan Changhong Electric Co and China Unicom, marking the company’s entrance into the mass smartphone market. Read Original Content

Antenna Software provides a complete cloud-based enterprise mobility suite that enables both IT pros and business executives alike to create and manage mobile apps, websites and content across the entire business. This newsletter is sponsored in part by Antenna Software www.antennasoftware.com

Chinese browser maker UC plans to take advantage of the growing mobile web market in India, investing $5 million to develop its presence there, with the goal of increasing its user base in India to 100 million by 2015. Read Original Content

Apple’s iPhone was the most purchased smartphone in Japan in 2011, with sales of 7.26 million or 17 percent of the overall mobile phone sales in the country. Read Original Content

Taiwan’s MediaTek has formed a partnership with mobile gaming firm Gameloft to develop games that will run on MediaTek’s mobile phone platforms. Read Original Content

Results of a study conducted by Assurant Solutions indicate that 52.14 percent of the respondents in China are mobile wallet users compared to a combined total of 12 percent within the other four countries surveyed. Read Original Content

China has the largest mobile phone installed base (by volume) in the world, the top app categories are social networking and games, and 48 percent of iPhone users and 36 percent of Android users spend two hours or more with apps. Read Original Content

Japanese mobile carrier NTT DoCoMo is moving its content business outside of its base in Japan with an offer to acquire mobile content company Buongiorno of Italy. Read Original Content

China’s Baidu will offer a new low-cost smartphone, which will run on its newest mobile operating software, Baidu Cloud. Read Original Content

Travelport’s Viewtrip Mobile app will be launched in Australia, Hong Kong, India, Singapore and Thailand in June 2012 providing new mobile solutions for travel agents in the Asia Pacific region. Read Original Content

According to data collected by Google and posted on its Our Mobile Planet website, Android is most popular in Japan, with 55 percent of respondents, versus 39 percent for iOS. Read Original Content

According to a report by the International Data Corporation, 40 percent of employees in the Asia Pacific region, excluding Japan, will be mobile workers by 2015. Read Original Content

Verizon will become one of the founding members of the Hong Kong Exchanges and Clearing Limited’s Hosting Services Ecosystem, to allow market participants to subscribe to a comprehensive set of services offered by ecosystem members of HKEx’s next-generation data center. Read Original Content

The results of a survey conducted by ACI Worldwide and Aite Group indicate that India has the highest percentage, 60 percent, of total population identified as “smartphonatics”, people who change their shopping, financial and payment behavior as a result of owning a smartphone. Read Original Content

India and China are cumulatively adding 75 million new mobile subscriptions every quarter. China became the first country to reach 1 billion mobile subscribers in March of 2012, with India predicted to reach the 1 billion mark by early 2013. Read Original Content

Citing a slowdown in demand for mobile phones in the Asia Pacific region, Gartner released figures indicating that sales of mobile phones worldwide were down two percent in the first quarter of 2012. Read Original Content

China’s Tencent released its first quarter 2012 results, including a 17.5 percent year over year increase in revenues from mobile & telecommunications value-added services. Read Original Content

Bharti Airtel and Axis Bank have teamed up to create the Airtel Money Super Account with the goal of extending banking and payment services to India’s unbanked population via the mobile platform. Read Original Content

Various cloud, virtualization, server, storage I/O poll’s

Various cloud, virtualization, server, storage I/O poll’s
By Greg Schulz
The following are a collection of on-going industry trends and perspectives poll’s pertaining to server, storage, IO, networking, cloud, virtualization, data protection (backup, archive, BC and DR) among other related themes and topics.
In addition to those listed below, check out the comments section where additional poll’s are added over time.

Here is a link to a poll as a follow-up to a recent blog post Are large storage arrays dead at the hands of SSD? (also check these posts pertaining to storage arrays and SSD and flash SSD’s emerging role).
Poll: Are large storage arrays day’s numbered?
[polldaddy poll="6244600"]

Poll: What’s your take on magnetic tape storage?
[polldaddy poll="6244587"]

Poll: What do you think of IT clouds?
[polldaddy poll="2053376"]

Poll: Who is responsible for cloud storage data loss?
[polldaddy poll="5588729"]

Poll: What are the most popular Zombie technologies?
[polldaddy poll="5592038"]

Poll: What’s your take on OVA and other alliances?
[polldaddy poll="5226337"]

Poll: Where is most common form or concern of vendor lockin?
[polldaddy poll="4054420"]

Poll: Who is responsible for, or preventing vendor lockin?
[polldaddy poll="4054404"]

Poll: Is vendor lockin a good or bad thing?
[polldaddy poll="4054391"]
Poll: Is IBM V7000 relevant?
[polldaddy poll="3978909"]

Poll: What is your take on EMC and NetApp on similar tracks or paths?
[polldaddy poll="3418553"]
Poll: What’s your take on RAID still being relevant?
[polldaddy poll="2519045"]

Poll: What do you see as barriers to converged networks?
[polldaddy poll="2513267"]
Poll: Who are you?
[polldaddy poll="2513261"]

Poll: What is your preferred converged network?
[polldaddy poll="2513256"]

Poll: What is your converged network status?
[polldaddy poll="2513249"]
Poll: Are converged networks in your future?
[polldaddy poll="2513236"]

Poll: What do you think were top 2009 technologies, events or vendors?
[polldaddy poll="2414344"]

Poll: What technologies, events, products or vendors did not live up to 2009 predictions?
[polldaddy poll="2414325"]

Poll: What do you think of IT clouds?
[polldaddy poll="2053376"]

Poll: What is your take on the new FTC blogger disclosure guidelines?
[polldaddy poll="2107708"]

Poll: Is RAID dead?
[polldaddy poll="2168371"]

Poll: When will you deploy Windows 7? Note: I upgraded all my systems to Windows 7 during summer of 2011
[polldaddy poll="2168384"]

Poll: EMC and Cisco VCE, what does it mean?
[polldaddy poll="2211679"]

Poll: Is IBM XIV still relevant?
[polldaddy poll="2294709"]

Note: Feel free to share, use and make reference to the above poll’s and their results however please remember to attribute the source.
Ok, nuff said for now.
Cheers Gs
Greg Schulz – Author Cloud and Virtual Data Storage Networking (CRC Press, 2011), The Green and Virtual Data Center (CRC Press, 2009), and Resilient Storage Networks (Elsevier, 2004)