Of all the initiatives that Westpac is undertaking with its Strategic Investment Priorities program, its desktop virtualisation program ranks as highly as its ongoing core banking update in priority.
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Within a handful of APAC countries, the networking giant is banking on the relative maturity of Singapore's IT infrastructure and a strong pool of customers and partners, and India where ICT investment is large.
Anonymous Operation Last Resort has struck successfully again, leaking crucial files from an investment banking firm allegedly linked to intelligence firm Stratfor.
The imminent launch of taxi booking application Ingogo has received a massive financial boost having secured first round investment funding from a collection of high-profile technology, banking and angel investors, including a Google staffer and MYOB co-founder.
It's almost becoming a daily ritual to see bad news spelling out Research In Motion's doom, whether it be disappointing earnings reports, layoffs, executive departures or just poor BlackBerry product sales in general. Jefferies, a global securities and investment banking group, has eight suggestions that could turn RIM around, but let's give each one a reality check first.
The Commonwealth Bank has flagged a dramatic increase in its investment into core banking modernisation, adding nine months onto the transformation timetable and an additional $370 million of spending.
A lot of people think that merging Oracle's Java investment with Sun's is going to be a big deal for the two groups - but they're wrong. There will be lots of noise and running about but, in the end, it will all signify nothing because the real bottom line on the use of Java in enterprise applications is that this was always a case of making silk purses out of sow ears - and just doesn't have a future.
At JavaOne in San Francisco, Calif., Oracle CEO Larry Ellison talks to Sun Microsystems Chairman Scott McNealy about the future of Java development. Ellison says he will continue to expand investment in Java and sees the programming language being used in a variety of devices including Google's Android phones and Netbooks.
Sun Microsystems announced today the release of the JavaFX Mobile platform. Built on top of the existing Java ME platform, JavaFX Mobile allows developers to create immersive mobile content while leveraging their existing investment in Java.
As the financial crisis deepens, science and math graduates of top colleges and universities who once flocked to investment banking are now looking to jobs in engineering and technology.Sexy science?
The economic slowdown is leading banking and insurance organisations to redraft their investment plans, with IT spending expected to fall
The bank believes tech investment is key to creating better banking products and adding customers in emerging markets
A survey of IT managers and senior leaders in the retail banking, investment banking and insurance sectors claims downtime is caused by reliance on such applications
Company uses its investment in banking-application company I-flex to consolidate current and future holdings in the industry.
Groovy is a dynamic language that integrates seamlessly with the Java platform. It offers a syntax that mixes ideas from Java, Smalltalk, Python and Ruby, and lets your reuse all your Java libraries and protect the investment you made in Java skills, tools or application servers. Version 1.0 was released this week.
We need to see Java capabilities start to accelerate beyond those of rival technologies. We need to see more investment in development. We need to see hiring. The test is here.
lekkimworld: Is the lack of Java skills in the Notes/Domino developer community the Achilles´ heel of IBM?
Mikkel Heisterberg totally gets it in termsof where Notes is going and some of the opportunities, and challenges,of Notes in the "Hannover" release (emphasis mine):Thoughsupported it will be very difficult, if not impossible, to build the kindsof composite, networked applications that will be possible with Hannoverusing LotusScript. You'll need Java for these kinds of applications. Thisbrings us back to IBM since this fact will be a real Achilles' heal [sic]when it comes to the adoption and getting the real benefit from the newHannover client. The success of the Hannover client and the applicationspossible will rest on getting the customers to use and new features andbegin to develop composite applications. I don'tknow if Mikkel has my phone tapped, but this is exactly the message I'vebeen delivering to colleagues over the last couple of weeks. It iscritical that Notes"Hannover" demonstratebest-in-class usability and all the other great things coming, but themain driver for upgrades will be the new value in "Hannover"-- the fact that for the first time, Notes is more than just a client forDomino. This is a complex thought. The attention paid to "Hannover"since its announcement last May has been primarily around the major refreshof the user interface. This gets everybody's attention , eye candyalways does. But "improved user interface", no matter howamazing the new UI is (and from everything I've seen so far, it totallyrocks), won't necessarily be enough for the CFO to approve an IT projectto upgrade Notes. Other new things, like activitesand compositeapplications -- now it getsinteresting. If you remember back a few years to when Lotus first announced "collaborationfor J2EE", one of the driving factors for starting to build what isnow known as Workplace Collaboration Services/Workplace Designer/WorkplaceManaged Client was the coming market shift to Java/J2EE as a mainstreamapplication development language. I disagree with Mikkel that IBMhasn't been promoting Java to Lotus developers -- look at Lotusphere agendasfor three years running now, and it's clear from jumpstarts to the breakoutsand BoFs that IBM has. But maybe still not enough. Becausemany many organizations report now that they are building all new applicationsin J2EE (or in .NET or both), and are less-inclined to build new apps inanything else -- no matter how easy it is to get a Notes application upand running. "Hannover" represents an opportunity to unify two applicationdevelopment worlds -- Notes developers building Notes apps and Java developersbuilding Java apps.The community at large needs to skill-upand get to grips with Java. Now is a good a time as any to get started- rather sooner than later. The reward will be apparent once Hannover isreleased. Composite applications represent a transformation-- Notes does more than just Domino applications. Understanding thisnow will prepare for "Hannover", and how to better leverage yourNotes investment in the future. Link:lekkimworld: Is the lack of Java skills in the Notes/Domino developer communitythe Achilles' heel of IBM? >
I've been hiding in meeting rooms muchof yesterday and today, talking with the press about this week's announcementsand the state of the market. Yesterday afternoon, I met with threeJapanese journalists for what was one of the best interviews I've donein a long time.These guys were prepared! Theyhad excellent questions which reflected the Japanese cultural tendencyto think long-term and in multiple directions. I don't speak Japanese,but I know a few of the key phrases and intonations of the language. Combinethat with the "Engrish" (romanji character) pronunciation ofmany of the technical words, and I was able to understand most of the questionseven before they had been translated. The eye contact was intense,the laughter reflected in the creases in the corner of the eye, and itall worked despite my constant reminder to myself to say "hai"at appropriate points and never to use the word "no".So what was the question worth blogging? It was, essentially -- four years ago, you announced a J2EE-basedcollaboration strategy. It was a two-lane highway. Today wehear a lot of news about ongoing investment and enhancement in the coreNotes/Domino technologies, and no two-lane highway. What has changedand why?I love this question (and I told theJapanese that I do). The question is asked at user groups, by journalists,by CIOs. It requires a philosophical answer, but is one that I getasked enough that I've honed the philosophy.When Al Zollar stood on that stage fouryears ago and announced collaboration for J2EE, a number of things drovethe decision. The primary two still make perfect sense today. 1) Software is becoming componentized. You can see it in the way IBM and others build solutions today.The new Sametime uses an Eclipse framework, a Codec from someone else,etc. Making components to provide collaborative capabilities is agood idea. 2) J2EE, or alternatively .NET, havebecome the primary languages for application developers. The forecastin 2002 was that by 2005, 80% of all new apps would be written in one orthe other. I don't think it happened that way -- for a variety ofreasons, I think the number is lower. But it is still a fact thata new computer science graduate from unversity is more likely to be focusedon Java or .NET than anything else. And convincing them learn todevelop in Domino Designer is a challenge, because it's "proprietary"to one (albeit incredibly popular) platform.So we had to start getting behind oneof these development platforms, and as IBM, it makes sense that we choseJava. The Workplace Collaboration Services, and many of the Workplace-brandedproducts, reflect this. But a funny thing happened on the way toJ2EE-based collaboration -- market adoption of Notes/Domino continued,and more importantly, existing customers grew their Domino investmentsthrough larger user populations and increasing numbers of applications.The problem with the "two-lanehighway" was that there was an implication you would eventually haveto move to the other lane, and it would take some superhuman feat to doso. There's no ROI in migration, and IBM -- unlike our primary competitor-- just don't believe in it. So instead of following separate andparallel development paths, we started finding ways to integrate the new,Java-based, componentized technologies with the existing Notes/Domino products.This results in several things you saw/heardyesterday -- at the client side, Notes integrates with the Workplace ManagedClient as a plug-in. The next version of Domino will integrate portaltechnologies into the server. They are still Notes and Domino-- running every Notes application that you do today, with no architecturalchanges required. But now we integrate the Activities model intoNotes; we integrate the components into Notes (Sametime 7.5 will providethe IM plug-in for Notes "Hannover"). It becomes the bestof all worlds -- continuing investment and innovation for the productsin use by 61,000 customers today, while adopting for the "nextgen"of Java-based programming. Tools like IBM Workplace Designer helpbridge the two, by providing a Java-based development tool that works likeDomino Designer. In a future version, it will even build rich clientapplications.I have been at Lotus through this entiretransition and journey. And when I see what the development teamhas done to leverage our strengths and heritage, combined with toolingfor the future, it makes me incredibly proud to be a part of all of this. We're doing what's right for customers, not just what's convenientfor us (whehter that be a 64-bit migration or an obsolesence of existingproduct APIs). It takes more work, but the best and the brightestare making it happen. And the best part is, it has made Notes evenmore powerful, and more useful, for the next sixteen years of its lifecycle.
Saw Network World's John Fontana just outsidethe Lotus office in Cambridge last week...knew that something good wascoming up. And here it is...IBM/Lotus chief MichaelRhodin this week will quietly finish his first 100 days at the helm, butit is the coming months that will tell if he is the one who can align Notes/Dominowith IBM's Java-based collaboration strategy and validate customers' continuedinvestment in the Lotus platform. The first order of business willbe to reveal that new versions of Notes/Domino will extend past Version8, which could ship by the end of 2006. Some discussionabout the entire Workplace portfolio...Notes and Dominois not going away, which is good because we have a huge investment in that,"says Sinstead, who also has deployed to 150 users the Workplace ManagedClient, a server-managed collaboration environment that works online andoffline. While the managed client has yet tomatch the rich feature set of Notes, it lets him extend collaboration toolsto retailers, who don't have IT departments, desktop support or broadbandconnections. The Workplace Managed Client itself isn'tintended to "match" the rich feature set of Notes. Notesis built in 7.0 to be a plug-in in the WMC environment; in future versions,more and more Notes innovations will be available using the same Eclipse-basedframework. Notes is still Notes, and WMC doesn't replace it or offeran alternative -- since Notes also runs within WMC.Link: NetworkWorld: New Lotus boss sailing tricky seas>
Investment banking company SG Cowen Securities lowered its semiconductor market growth forecast by 0.5% taking it down to 3.
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