Microsoft writes off Nokia with $7.6 billion charge

nokia_brokenMicrosoft today announced a restructuring:


Microsoft will record a charge in the fourth quarter of fiscal 2015 for the impairment of assets and goodwill in its Phone Hardware segment, related to the NDS business. This charge has no impact on cash flow from operations and is nondeductible for income tax purposes. Based on the new plans, the future prospects for the Phone Hardware segment are below original expectations. Accordingly, the company concluded that an impairment adjustment of its Phone Hardware segment assets and goodwill of approximately $7.6 billion is required.

Microsoft closed on the purchase of mobile phone maker Nokia in April 2014 paying $7.2 billion.

The write-off amount today equals the entire amount (and then some) of their purchase.

Enterprise Software Podcast #25: Microsoft Never Sells Off A Product, Possible Salesforce Deal More Scary Than Dynamics Reorganization

Enterprise Software Podcast LogoAnother edition of the Enterprise Software Podcast has been posted. For this episode hosts Bob McAdam, Todd McDaniel and Darcy Boerio chat with Dynamics GP consultant Mark Polino  and Hal Howard about  recent changes at Microsoft – and more specifically the impact on the Microsoft Dynamics and CRM product lines.

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Sage Adds Microsoft , Mastercard as Summit Sponsors



With their annual Sage Summit conference less than three weeks away Sage’s conference website lists the return of Microsoft as a Diamond sponsor. Mastercard   returns this year as a Platinum sponsor.  The conference kicks off Tuesday July 29, 2015 with  The Sage Conversation keynote on navigating a changing world with Sage CEO Stephen Kelly, General Colin L. Powell, USA (Ret.), and Deepak Chopra.

Intuit Cuts 399 Positions

IntuitIntuit have reportedly cut back 399 people representing a little under 5% of their staffing.

This investor presentation slide deck on the Intuit site ( ) gives some clues as to Intuit changes.

The company appears to be shuffling product strategy to move customers to QuickBooks Online (presently 700,000 — target 2 million globally by 2017).

Also this is not the first time Inuit has trimmed employees – there have been at least two prior layoffs each of which seemed to be similar in size.

June 2008 – 575 employees / 7% –

July 2012 – 226 employees –

July 2015 – 200 employees –

August 2014 – 120 employees –

Sage Capital Markets Day – 6/24/15 – Replay Now Available

Sage_Capital_Markets_Day_ReplayThe entire 3.5 hour recording of yesterday’s Sage Capital Markets meeting is now available online. This event was aimed at UK analysts though a significant update was provided on Sage’s global product strategy as well as some KPI metrics for sales of Sage One, Sage Life and Sage X3 (Sage’s announced three go-forward global products).

You can view our analysis and summary of Sage Capital Markets Day 2015 or visit and watch the recording.

Five Weeks Until Sage Summit: $99 Registration Discount, 7,500 people plus Colin Powell, Deepak Chopra

With 5 weeks until Sage Summit 2015 there are some updated attendance numbers from Sage. According to a channel mailing expect 7,500 people in addition to 150 exhibitors at Sage’s conference.

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Sage Life General Availability: August 2015


During Sage’s Capital Markets Day CTO Klaus Michael Vogelberg announced that Sage Life was approximately one month from idea to concept and expected six months from concept to an expected general availability in August 2015.

Also announced was the formation of a new global partner program and training offerings. Details on the global partner program not yet available though it sounds as if partners might play a role in the Sage Life ecosystem which should deliver value to Sage and partners through (a) capturing new customers and (b) increased functionality starting with accounting and then adding payroll and more ISV integrations.


Sage Capital Markets Day: Our Model Was Fantastic Until The Internet Came Along


Sage today presented their future strategy to analysts at a Capital Markets Day in London. The presentation touched on quite a bit of information about future plans as well as an update on some of the key performance indicators that analysts should expect to see.

The prime takeaways (other than financial) are:

Everything will be considered globally . This applies to organizational structure as well as products – which will be categorized now as Growth or Heritage. There are three global products: Sage One, X3 and Sage Life.

Sage is pushing for 85-90% recurring revenue from high quality sources.

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Sage Capital Market Day – June 24, 2015

Today, June 24, 2015, is Sage’s Capital Markets Day. This annual event updates analysts on strategy and financials as well as provides some opportunity for questions and answers.

Based on the Sage’s recent actions I’m expecting a shift toward the entry level of the market – where their Capital Market’s Day site indicates Sage is

Lifting our eyes to the future of small and medium businesses…99% of the world’s companies


The event occurs online at today at 2pm GMT until 5:30pm GMT (10am EDT – 2:30pm EDT).

Here are some of my questions about Sage’s strategy.

Salesforce World Tour NYC and Sage Life – Reviewed


Spent the day in NYC at the Salesforce World Tour NYC. I sat in on the keynote at 10am by President Keith Block. For someone who doesn’t know an awful lot about Salesforce other than they offer SaaS CRM which gets pricey as you add-on function – the keynote was interesting. It also featured a surprise Q&A session with ex-NY Yankee player Derek Jeter. Here are my thoughts.

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