Am on Twitter now

Finally I am on Twitter, my name there as it were, is phassey. Not sure how both communication approaches will work. It will be interesting to find out
16. February 2009 23:39 by Phil | Comments (0) | Permalink

Verizon - Will they play in the Infrastructure Services game

I had a very interesting briefing at Verizon Business last week. I have been very cynical about the ability to get a telco to operate successfully as an IT Services provider. I still am. However Verizon is having ago at it, they have current strengths in security and of course a network globally that is a benchmark.
I personally think that they can have the potential to threaten but will need to acquire to do so. This is something that they would not be afraid to do. If they were to look at the likes of CSC, grab the methodology and accounts, it could set them up as a genuine threat to IBM and HP. It may come out of left field, but it is something to watch out for.

27. January 2009 02:30 by Phil | Comments (0) | Permalink

Some thoughts for 2009 in IT

Hi, Please see attached if you are interested in some of my thoughts for the future

10. December 2008 23:30 by Phil | Comments (0) | Permalink

Don't mention the financial crisis in Latvia,27753,24739678-462,00.html

ALKING about the global financial crisis can land you two years in jail in Latvia, under a new law that has seen a muscian and economist arrested for wondering if their bank deposits are safe.

The Baltic state's new law against spreading false financial information has outraged human rights campaigners.

In one of a string of high-profile cases, musician Valters Fridenbergs faced a police investigation after he urged the audience to withdraw their money from two major banks.

He later claimed it was a joke, but the police launched a probe nonetheless.

Security police also arrested an economics lecturer, for "distributing untrue data or news about the conditions of the finance system of the Republic of Latvia''.

The lecturer, Dmitrijs Smirnovs, spent two days behind bars before he was granted bail after agreeing not to flee the country.

Mr Smirnovs' crime was to write a newspaper article urging Latvians not to leave their money in the bank. 

He also wrote that keeping savings in the local currency, which is called lats and pegged to the euro, was "very dangerous".

Latvian authorities passed the law last year after a mysterious flurry of mobile phone text messages warned the lat was to be devalued in March 2007.

"This has, undoubtedly, been a highly disproportionate response by the security police, and freedom of expression has been dealt a blow in Latvia because it stifles free expression of opinions in what is a legitimate public debate,'' said Anhelina Kamenska of Latvia's Human Rights Centre.

"It could be likened to cracking a nut with a sledgehammer,'' she said.

Latvia, which broke free from the crumbling Soviet bloc in 1991, had boom years after joining the European Union in 2004.

However, the country of 2.3 million people now faces the deepest recession in the EU.

A string of events have fuelled the local rumour mill.

Earlier this month the government took over the nation's second-largest bank, Parex, after an exodus of deposits.  Last month, it turned to the IMF for a rescue package.

The arrests have made economists nervous, with many now extra cautious when commenting on the stability of the lat.

A leading economist told AFP on condition of anonymity that he refuses to discuss currency-related issues publicly.

Political scientist Nils Muiznieks of the University of Latvia said the authorities were "ridiculous''.

"Going after currency speculators and traders is one thing, but when it's an economist and a musician making jokes, it's completely different,'' said Mr Muiznieks.

1. November 2008 22:43 by Phil | Comments (0) | Permalink

Regulation Regulation Regulation

I have been saying for a while that the IT outcome of the Sub-Prime mortgage issue in the US would be an increase in the regulation of that sector in the US and UK following Northern Rock.
Given what has happened in the last few weeks and particularly the last 24 hours, the regulation will be from one end of the Financial Services sector to the other, and will likely impact across industries. This is perhaps going to be a rare bright spot for the IT industry, it is clear that whilst there will always be regulatory requirements, the relative optimism will have to be tempered. Opportunities will occur, but they will be harder to find. Smarter not bigger will be the way to succeed.
In terms of IT companies there will be significant brands that disappear as a result of merger and acquisition, and in some cases bankruptcy. This will also change the way in which the industry will move forward. Cash will be king in terms of determining who survives, clearly some relatively strange bedfellows may emerge.

23. September 2008 18:53 by Phil | Comments (0) | Permalink


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