Oracle announced it's earnings Thursday, or maybe
Wednesday. Net profits were
up again, although only just. This coming in the middle of a recession
where
other companies are losing money and going out of business. But you
have to
look a bit closer at the numbers. Revenue is down a bit, which is bad.
But
operating expenses have gone down even more, making up for the lost
revenue.
There are easy ways to reduce operating expenses, the primary being
laying
off people.
It's a credit to the company that we have done very little of that. In
fact,
at least in my division, we've grown and added people, bought a few
smaller
companies (Oracle likes to buy small companies, easier to digest than a
big
company). So if you don't cut expenses by firing people, you have to do
it
by running leaner and more efficiently. And we have, by using our own
software, cutting down on overt expenses, cutting down on luxuries and
bonuses and raises. You can't keep doing that every year, but hopefully
with that and our $4 Billion in cash we will endure this recession
without
losing people.
For the danger in laying off people is that the rest lose their morale.
If
you lose confidence in your company, in your job security, how can you
keep
doing a good job? Ellison and Barrenechea have assured us that Oracle's
employees are its most valuable asset and that nobody is going to be
fired.
Unless of course the company totally tanks, though even in that case we
have enough money to last 6 months with no income.
Speaking of which, licensing made up about 40% of revenue, the rest
coming
from support and consulting. Compare that to last quarter when
licensing was
only 1/3rd of revenue. My point is the usual, for a company that sells
to
businesses, support is where the money is. Hence why Open Source
Software
companies can survive and thrive even without a revenue stream from
software
sales and licenses. Naturally, take out our licensed sales and we'd
have a
huge deficit, but then again with a company structured around
consulting
you'd be fine.
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So we had a Hands Across the Lake event, this Friday.
Really more of a Hands
Around the Lake, or the big pool at Oracle HQ. Lots of people wearing
red,
white and blue and carrying little flags. I hear it was a really nice
event,
though a bit early for me. Strange that I don't have any red clothing,
not
that I had much before I threw it all away a few months ago. I also
don't
have a flag or a printout of a flag posted on my cubicle and I haven't
signed
any cards or well wishes or anything. Does that make me a bad person?
I'm not
sure either way...
Meanwhile, the national networks have not run anything besides news
since
Tuesday. Twenty-four hours a day, at least for ABC which is the channel
that
I'm watching. Regular programming will resume Monday, or maybe this
weekend.
There's only so much you can watch. People being rescued, people dead,
reactions, politicians, analysts, reactions worldwide, more analysis,
local
news, it goes on and on. Not that I begrudge that at a time like this,
people
have a need to know as soon as possible. It's just depressing at times
and
I'm tired of it...
Something else that's been annoying me at work are my cube neighbors.
Not
that I really should mind, but the two new guys are quite noisy. Not
noisy
themselves, but they always have people at their cube and they're all
talking
and working away. Very distracting, even with my headphones on. That's
one of
the perils of working in a cube, and yet I do like it. An office is a
symbol,
of responsibility and the need for privacy because you do get visitors
and
I don't want any part of it. At least not yet.
The worst thing that can happen when you submit a bug is the dreaded
"can not
reproduce". If they fix it that's great, if they say they can't at
least you
know that. If they can't reproduce it on the other hand, then you have
to go
through trying to convince them that it is a problem, that it's not an
environment issue. It's especially bad if they don't have quite the
same
hardware that you have, because then you don't know if it's your
hardware or
if you misconfigured something or what. One reason I'm relunctant to
submit
bugs to outside parties.
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