Office In The Sun
Happy New Year!
That seems to be especially the case for Facebook, which according to Dealbook, has raised $500M in additional funding from Goldman Sachs and Russian investor Digital Sky Technologies, a sum which would now value Facebook at $50 billion.
Of course, if it’s true that Facebook is about to move into Sun Microsystems’ old 150,000 square foot office space in Palo Alto, Zuckerberg’s going to need as much new scratch as he can get to remodel the place and bring back that new IPO smell once so prevalent in Silicon Valley, but which has been eroded these past eight years with the taxing shadow of Sarbanes-Oxley.
What Zuckerberg won’t need is any overhauling of the privacy mantra still haunting the hallways of the old Sun.
Remember, it was former Sun CEO Scott McNealy who informed us “You have zero privacy. Get over it.”
It seems, perhaps, he was right.
And prescient, considering he said that way back in the Jurassic age of the Dot Com boom. I wonder if his soothsaying also envisioned a 26 year-old kid taking over his campus someday??
Nahh, probably not.
While the Facebookers have been busy raising their valuation, Bloomberg is reporting that tech takeovers could pick up bigtime this year as firms like Intel, HP, and yes, even Big Blue, set off in a race to “harness surging demand for cloud computing and security services.”
That same said story has Gartner estimating global IT spend this year at around $3.4 trillion, a 3.5 increase from last year.
Me, I’m just hoping to catch a glimpse of some of the cool stuff being released at the Consumer Electronics Show this week.
Though my New Year’s resolution is still in the process of being resolved, one thing I did promise this year was not to go out and buy every new new thing the first week it’s available.
That, instead, I would demonstrate some resolve…and wait at least until the second week.