News and Analysis (15669)
CYMA PROMOTES DOS UPGRADES
- Friday, 16 October 2009
- News and Analysis
- Written by mark
Kids, you may have to ask your parents to explain some of these terms. But last month, Cyma Systems began offering what it called "aggressive upgrade pricing for legacy DOS-based accounting software clients" for the rest of the year. At Solider Field this month, some of us Intuit attendees were debating how much DOS is out there, particular in areas like Accpac Plus since the world did not come to an end on Jan. 1, 2000. (Well, I don't think it did.)
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DELL OFFERS HUSH MONEY
- Friday, 16 October 2009
- News and Analysis
- Written by mark
Some may remember how a tech support call I made to Dell turned into a data deletion episode. The tech rep solved my inability to log on to my Vista-based machine, but also wiped out all my data files, which I had carefully backed up before the call. I spent $134 for the privilege. I forced the tech rep to stay on the line for 40 minutes while I restored all those files from my nifty Click-free drive.
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MICROSOFT DOES FREE SYSTEMS TRIALS
- Thursday, 15 October 2009
- News and Analysis
- Written by mark
It's hard to miss the words at www.microsoft.com declaring "Efficiency Is the Bottom Line, Free IT Trials." And if you click through, you will find that Microsoft is offering 120-day free trials on some heavy-duty software.
FOLLOW THE MONEY TO GAUGE THE ECONOMY
- Thursday, 15 October 2009
- News and Analysis
- Written by mark
The book "All the President's Men" may not have originated the phrase "follow the money." But it's still a good way to measure a lot of things, including ways in which the economy is improving. That includes two securities offerings covered in this newsletter, $200 million by Deltek and $100 million by Radiant Systems.
ALL OPTIONS OPEN ON QBES
- Thursday, 15 October 2009
- News and Analysis
- Written by mark
Whatever comes in the next phase of development of Intuit's QuickBooks Enterprise Solutions, there is no guarantee that architecturally it will be an extension of the current QuickBooks product line. Intuit is exploring all options along the build-or-buy development line, according to information from an executive question and answer session held earlier this month at the Intuit Solution Provider conference in Chicago.
There was a lot of discussion about development because of reseller requests that Intuit provide feature differentiation between QBES and the lower-end of the QuickBooks line. BJ Schaknowski, who runs the channel program, said Intuit will concentrate on adding features for QBES 2011, which comes out in 11 months. “After that, it’s a big question mark; build, partner, buy? We haven’t declared yet.” I'd make that decision very quick before the competition starts waving this article in front of the QBES installed base, particularly regarding that buy option, unless R&D is very good at adapting acquired products to the QB system. Or perhaps that comment merely meant that features might be added through purchase. On the third-party front, Intuit is implementing an endorsed third-party program, which is something that’s fairly standard for the industry. On the buyside, I have to believe there will be acquisitions to add functionality. From the sense of resellers asking questions, there needs to be more bang for the buck to go up against the the rest of the midmarket, although QBES is obviously doing well.
Read more...SAGE NABS IBM AS SPONSOR
- Thursday, 15 October 2009
- News and Analysis
- Written by mark
There doesn't look like there has been much change in the exhibitor's and sponsor's lists for next month's Sage Summit user conference, with one major exception. And that exception is that Sage got IBM as its premier sponsor. This is a good catch for the show, for the drawing power of the IBM name even if maybe somebody had to cut a price deal to get the company in corrale (I have no idea if that happened).
PARIS TECHNOLOGIES TO FILL PERFORMANCEPOINT VOID
- Thursday, 15 October 2009
- News and Analysis
- Written by mark
Paris Technologies, the Doylestown, Pa.-based vendor of PowerOlap, says it's going to fill the gap left when Microsoft suspended development of its PerformancePoint Suite. Paris plans to do that with a partnership with XLCubed, which makes Excel-based reporting and analysis tools for Microsoft Analysis Services.
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DELTEK PREPARES $200M OFFERING
- Wednesday, 14 October 2009
- News and Analysis
- Written by mark
Deltek is preparing a $200 million offering via a combination of securities, according to documents filed this month with the SEC. The company did not spell out any planned use of the proceeds, which it said would be given in a prospectus. The offering will include common and preferred stock, debt securities and warrants.
Deltek is also registering indeterminate number of subscription rights that enable the holder to buy any of the securities that might be issued under this filing. During the summer, Deltek completed an offering of subscription rights exercisable for up to 20 million shares. Shareholders received one subscription right for each common share owned with each right entitling them to purchase .4522 shares at a price equal to $3 per share. Whatever the mechanism, Deltek's major shareholder, New Mountain Investments, acquired just over 15.5 million shares this year through the exercise of options at $3 per share. Those purchases cost New Mountain just over $46.7 million a share. Since the stock was trading at $7.51 per share yesterday, an investor could make some money off such a purchase.
Read more...INTUIT AVOIDS A FIGHT?
- Wednesday, 14 October 2009
- News and Analysis
- Written by mark
There's got to be more going on with Intuit's announcement that will nominate David H. Batchelder to its board of directors to replace former CEO Stephen Bennett, who chose not to stand for re-election. The press release was a simple announcement, but the documents filed with the SEC show it wasn't that simple. Batchelder is a principal with Relational Investors, an investment firm which does not show up on public documents as a major shareholder in Intuit.
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CYMA UPGRADE
- Monday, 12 October 2009
- News and Analysis
- Written by mark
Tempe, Arizona - October 2, 2009 -CYMA Systems announces aggressive upgrade pricing for legacy DOS based accounting software clients for the remainder of 2009. CYMA Systems, celebrating thirty years in 2010, has an expansive list of DOS accounting clients in the Western United States. Through this promotion, CYMA hopes to help legacy clients prepare for future hardware and software upgrades.
"Some CYMA clients are hesitant to upgrade to new hardware and operating systems because CYMA DOS based solutions (PAS+, GBS, Shoebox) were so successful." says Monique Thomas, Director of Sales and Marketing. "The DOS based accounting systems may not function properly in the coming years, so we are offering promotional pricing to help clients be more flexible with IT and accounting decisions."
Participating clients can save nearly half off the retail upgrade pricing until December 15, 2009. The timing of the accounting software upgrade promotion is intended to allow interested organizations time to implement changes by January of 2010.
CYMA is installed at thousands of business and nonprofit organizations nationwide. A thirty day trial of CYMA Accounting Software is available through the CYMA website at www.cyma.com. Read more...
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