Is is coincidence that IBM choose this morning to bid for Cognos? Were they trying to overshadow any announcements made here. After SAP's purchase of Business Object's are there any independent enterprise BI vendors left?
Mark Hurd (HP CEO) talked in his key note about what's going to happen to all the cash sloshing around the industry. He saw three potential outcomes
- Pay out larger dividends to the shareholders
- Commence a share buy back
- Spend the money on takeovers
The last few day has seen a sell off in the tech sector ( Apple has lost $40 since last Tuesday) on fear of in reduction of financial services IT spend. But if Mark's right then there a strong reasons to stay long in technologies in the medium term.
Larry Elision also mentioned in his key note last night that tech stocks were over valued in the bubble and seemed to be warning everyone that to buy on fundamentals not on hype.
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