Netsuite, in which Oracle’s Larry Ellison owns 61.1% and controls 74.1%, is about to IPO. The company” “offers Web-based services that let small and medium-size companies handle tasks such as accounting and keeping track of customers.” It’s basically SAP/Peoplesoft/Seibel/Oracle for small and medium sized businesses with less than 1000 employees. and it is, like Xero, …
Category Archives: NZ Business
The battle continues: Gareth Morgan, life insurers and Kiwisaver
Gareth Morgan comes out guns blazing again – I’m enjoying watching the exchange. First up – GMK have published the ‘fan mail‘ from the life insurance companies. Along with the insurance company’s ripostes, Gareth has written short rebuttals. AP’s Greg Camm: “If there were a sign on a beach saying “Sharks in the water” you …
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More Fuel for the Burger Fuel fire
Garry Sheeran in the Sunday Star Times covers the high risk nature of the Burger Fuel IPO. It’s a balanced article, with commentry about analysts looking atthe numbers, and quotes from founder Chris Mason. But it is the last line of the article that is interestng. It’s not realy posible to tell where it came …
NZ Banks blame you
Slashdot is covering Computerworld‘s scoop of the proposed NZ banking code of practise that demands to see users PC’s in the event of a disputed transacton. Slashdot readrers don’t like it. at all. and neither do I. From TFA: “Liability for any loss resulting from unauthorized Internet banking transactions rests with the customer if they …
ASA pings Love Calculator – but it is still out there
<update – I’ve changed the title of this entry from “Some, not all, Love calculator ads closed down by ASA” to the above. I had originally read the decision as hitting ads, but it was an ad (or claim) on the actual love calculator website that was deemed at fault.> The ASA has reacted to …
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Fixing the Telecom train wreck
I didn’t know this, but it explains a lot: “When Theresa Gattung was named as new chief executive at Telecom in October 1999, the shares closed at $8.61. Yesterday, after news that British Telecom executive Paul Reynolds will replace Gattung, the shares closed at $4.48” It’s not like this is a hard job. The share …
Air NZ gets it
The transformation of Air NZ to Jet Blue continues… they are putting video screens in the back of every trans Tasman seat. (I’d ignore the analyst comments in the article- this is about future profitability, and demnstrates nthing about current profits on the route.) now let’s put those seats further away from each other (rather …
BurgerFuel: value or not?
Mark Clare just says No! to the BurgerFuel prospectus. A valuation that implies BF will grow from opening 20 stores from 1997 to now, to 700 in five years is something that he just can’t accept as realistic. I agree – even Subway, the world’s biggest franchise, only has 1200 stores in Australia and NZ, …
Average NZ card transaction size
The average electronic debit & credit card transaction size in NZ is $4.6bn/80m = $57. From memory that average transaction size seems really high – I recall figures of closer to $30 from US and historical NZ experiences. <update – seems I’m wrong – this presentation is showing much higher numbers for the USA – …
Wellosphere Interconectedness
Brenda L (who this blog thinks, for some strange reason, is kiwgrll) has a great post on the interconnectedness of the Wellington blog community – the Wellosphere perhaps. Let me tweak a few things. Rowan no longer works at Trade Me – he is at Xero, where Rod is the founder/CEO. I’m also gone from …
GMI’s Kiwisaver site is improved
I noticed while looking for calculators for the previous post that Gareth Morgan’s Kiwisaver.com now has a giant “How Do I join” link on the front page. That’s a great call to action, and a big improvement on earlier. But sadly we still need to print off a completed application form and post it in. …
smartkiwisaver not so smart
Good: creating a website that compares Kiwisaver options Great: Getting coverage in the SST for your website Not so great: being not “available to the public” when the article is published Down right silly: charging $30 for the privilege of looking at your site, when you can get the information for free elsewhere, and when …
More on Ferrit Quality
A little birdie sent me through the rest of the article (along with some rather serious complaining from a couple folk about the inadequacy of theline) Some choice quotes “Brayham believes the success of TradeMe will rub off on Ferrit. “TradeMe is probably one of the best training grounds for Ferrit,” he says. “ eCommerce …
Keepmore – a Xero lookalike targets eBay sellers
Keepmore is a US product in the same space as Xero – simplified accounting through the web. ‘Accounting for the rest of us’ is their slogan, and they offer a package so that you “don’t need to know accounting, where to find deductions or keep up with tax laws”. Their costs are a lot more …
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Ferrit – ‘quality not quantity’
A puff piece or PR – I’m not sure as this piece on Ferrit is hidden behind theline’s rather pricey subscription wall. You can Google the first phrase and see evidence, but no – I’m not going to link to a subscription wall. “Ferrit focusing on quality, not quantity Paul Clearwater Ferrit still has over …
Lance Wiggs 