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Eroding Enterprise Software?
Posted Sep 02, 2008 04:04pm EDT by Sarah Lacy in Investing, Internet, Software and Services, RecessionIt hasn't been a great year for software stocks, and more troubling the sexy upstarts like Salesforce.com, Netsuite and VMWare seem to be hurting worse than incumbents like SAP and Oracle. What does this say about the future of what was once one of the great golden geese of tech investing?
Joining me in studio to discuss is Terry Garnett of venture buyout firm Garnett & Helfrich. Garnett has played this game from nearly every angle. He worked for Oracle for four years, reporting to chief executive Larry Ellison. He invested in young startups when he worked for venture firm Venrock. Now, at his own firm, he seeks to carve out orphaned product lines from bloated software companies.
Garnett is a believer in much touted waves like software as a service, open source and cloud computing. He just doesn't think it yields many great businesses. His advice on how private and public investors should play this sector on the video.
8 Comments
Yahoo! Finance User - Wednesday September 03, 2008 06:19AM EDT
words...enterprise...capitalism...cleavage...b00bs
Yo! - Wednesday September 03, 2008 08:50AM EDT
No, the interviewer is there because of her knowledge and her mind. Grow up, chumps! ;-) Can anyone tell me what SaaS stands for? 8-:O "Software and Services" would be just SaS, right?
Yo! - Wednesday September 03, 2008 08:54AM EDT
Ah! Don't bother - I see the phrase "software as a service" in the article. Obviously just something you buy only as much of as you need - like rental or leasing. Something the software companies, big and small, swore they would NEVER do ... must be getting desperate for revenue, huh?
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Yahoo! Finance User - Tuesday September 02, 2008 04:38PM EDT
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