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IBM senior VP Robert Moffat (pictured), the head of IBM's Systems and Technology Group - in other words the guy who runs all of its hardware as well its microelectronics unit - and Intel Capital's director of strategic investment Rajiv Goel, one of its VC people, were arrested Friday morning on insider trading charges. They were alleged tipsters. The $20 million scam, involving AMD, Intel, IBM, Akamai, Clearwire and Google stock as well as Polycom's and Hilton Hotels', is said to be the biggest ever pulled off by a hedge fund and had the US Attorney, the FBI and the SEC doing a televised press conference on CNBC this afternoon. US Attorney Preet Bharara said it was the first time court-authorized wiretaps were used to uncover insider trading. Authorities also arrested billionaire hedge operator Raj Rajaratnam, the founder of the big $3 billion Galleon Group and mana... (more)

Barbara Corcoran's Real Estate Morality Play

Florida Real Estate on Ulitzer Florida Real Estate on Ulitzer- I remember seeing this woman, Barbara Corcoran, on TV walking inside a house with a fortune teller, spreading fumes as the fortune teller whispered some sort of prayer so that the house would sell real fast. What a crackpot scene that was. Anyway, Barbara Corcoran's fortune teller and magic spelling gypsies have not helped Florida residents sell their homes or pay their mortgages since the housing slump hit America. I thought that scene was a candid camera joke on me; I looked around my living room to see if there we... (more)

Transforming Business in Sweden

Sweden, Europe's undisputed leader in the Internet, is with Finland the world leader in mobile telephony. It's estimated that 50% of all Swedes have a mobile phone and are connected to the Internet. However, Swedes have not been especially good at transforming Sweden's world-class IT competence into new and profitable businesses. Until now. A change is currently underway and the Internet boom, mirrored in the Swedish stock market, has caused many traditional investors to start looking closely into Internet - and especially wireless - technologies. Swedish venture capital (VC) com... (more)

SOA, RIA and the Human Factor

While delivering a talk on SOA I've asked the audience the following question, “What do you think is the driving force for implementing any technology or architecture in a decent size Enterprise?” The answers were typical – better code re-usability, accessibility… But I was looking for a different answer that has nothing to with technical merits of any technology.  Based on what I see in the real world enterprises, the main reason of implementing SOA (or any other IT initiative) are career goal of individuals working in this organization. People want to b... (more)

Moffat’s & Other Indictments Delayed

CEOs in Technology on Ulitzer Raj Rajaratnam, the billionaire ringleader of the Galleon insider-trading mob, and Danielle Chiesi, the ex-beauty queen who allegedly charmed ex-IBM SVP Robert Moffat and ex-AMD CEO Hector Ruiz into telling her valuable company secrets, were indicted by a federal grand jury Tuesday on 17 counts of securities fraud and conspiracy. They are expected to be arraigned Monday, December 21, and plead not guilty. A lawyer for Roomy Khan, the ex-Galleon, ex-Intel employee who's one of the government's star informants, reportedly told Rajaratnam's lawyer he bett... (more)

Invest at Bargain Basement Prices!

Wealth Management on Ulitzer On February 27, 2009 I wrote these words in an article entitled "Are Things Improving?" "6) There are only two things you can buy at unusual discounts these days: A new car and stocks. These prices are beginning to attract takers. If things were as dire as CNBC said, all other stuff would be cheaper". "7) As the companies we own have reported earnings, most of them have beaten expectations. In other words, the businesses continue to perform even though the stock prices are not. What you own continues to become more valuable. Over the next 5 years, the ... (more)