thebreakfast.info
General Discussions => Spunk => Topic started by: davepeck on March 01, 2007, 10:25:02 am
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Hooray! I\'m glad to hear you will be able to breathe a little easier.
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offer letter received. i have a job.
though i think i may have started thinking too much about what it would be like to have a summer off.. dammit!
down(ish)-side of this is that everyone from my group is no longer salary. hourly now, and eligible for overtime. not sure how i feel about that.
i\'ll have to feel it out for a bit, and see how it looks.. but gun to my head, i don\'t see myself here in a year. i feel like i need to make a move, and that there isn\'t much room to grow here.. we\'ll see.. for now, i have a large burden off of my shoulders, and i\'m happy about that.
Dave i have never really asked you what you do in depth. If you have some database skills and programing etc you could always shoot me a resume. I know we are wanting to bring a few folks in. We could use some database skills etc if your interested let me know or even sort of interested. The office is small only a few people. work from home is possible as well as salary. Not sure what you make now but I don\'t think pay scale would be an issue. The growth would be the only downside in our compnay being that it is small but there is usually plenty of time for other endeavors especially for going back to school etc. side biz etc etc
Oh and congrats on still being employed
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Congrats Peck...Glad to hear you are safe and sound for the time being....until they discover all the kiddie **** and bestiality on your work computer....
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offer letter received. i have a job.
though i think i may have started thinking too much about what it would be like to have a summer off.. dammit!
down(ish)-side of this is that everyone from my group is no longer salary. hourly now, and eligible for overtime. not sure how i feel about that.
i\'ll have to feel it out for a bit, and see how it looks.. but gun to my head, i don\'t see myself here in a year. i feel like i need to make a move, and that there isn\'t much room to grow here.. we\'ll see.. for now, i have a large burden off of my shoulders, and i\'m happy about that.
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I don\'t know about you all but I plan on retiring on my .info stock.
"YOU own 51%???"
"Scruffy believes in this company."
(https://thebreakfast.info/proxy.php?request=http%3A%2F%2Fwww.gotfuturama.com%2FMultimedia%2FFrameGrabs%2F4ACV16%2FGrabs%2Fpic00010.jpg&hash=601d5c8532f0e7c81bf22bb435a0f574636f3014)
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So wait, you cant survive on the income from .info?
I thought this was your cash cow and you were just working at hyperion to help suppliment your wife\'s insane shoe fetish and to assist in your giant dog\'s food budget.....
Good Luck bro.
If you do end up looking for a new job, I do have some contacts in a couple of companies who value skilled IT and tech folk......
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btw, jenx: the letter has nothing to do with the number of "sick" days I\'ve taken!!! :finger: ;)
Riiiiiiight...
:duck: :biggrin:
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I\'m sure you\'ll be fine, Dave - & it\'s great that you have such an optimistic attitude! I\'m going through a similar problem w/ my job... I got a contract "non-renewal" letter, which means they can let me go since I\'m not tenured. So, I\'m working on my resume & I\'ll send it out to other schools in the area (just in case). Hopefully I don\'t lose this job, but if I do, there are PLENTY of other places to go! :stoned: Good luck to ya!
btw, jenx: the letter has nothing to do with the number of "sick" days I\'ve taken!!! :finger: ;)
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I said this then, and I\'ll say again now: Put out your resume either way.
I made the move I was talking about, and some of the offers I received were better than I expected.
Learn from Scott Boras. Let the open market dictate your value.
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Best of Luck, Dave. Hope all works out.
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have no fear dave...like everyone else has said, you\'re good at what you do and you have a positive attitude. i have a feeling that you\'re a-ok with your job. but it\'s also smart of you to be prepared to look for another. kudos and good luck :)
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update --
still don\'t know what\'s going on, but i will within a week or 2 (finally!).
what i know:
offer letters are going out via email sometime in the next 2 weeks. most likely next friday or the friday after.
people will either get an offer for a permanent position, an offer for a \'transitional job\', or a \'sorry chip\'.
the \'sorry chips\' will most likely be on until 6/29, and receive a severance package after that.
supposedly, they\'re giving jobs to 92% of us, with only about 7% of those being transitional jobs.
while 92% is great odds, i\'ve played enough poker to NOT allow it to get my hopes up. i\'ve come to a point right now where i\'m ready to accept whatever happens, and make the most of it. i\'m a lot more positive than i was when this was first announced, and i\'ve really been looking at this from every angle. if i\'m jobless on july 1st, it\'s not the end of the world, and ****, i\'ll probably end up having one of the best summers i\'ve had in a long time. :)
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ok, this is TOO WEIRD.
The Office is a repeat tonight. it\'s the Branch Closing episode.
Michael: "listen up everybody... we are screwed."
Andy: "Stam-ford Connect-icut, CLAP CLAP CLAP-CLAP-CLAP"
WEIRD!!!
Put down the pipe and back away from the table ;)
Dave, your too funny. Just like everyone said above your way to motivated, smart and savvy to be worrying about jobs. :)
take the wife to the islands and have a few cocktails
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ok, this is TOO WEIRD.
The Office is a repeat tonight. it\'s the Branch Closing episode.
Michael: "listen up everybody... we are screwed."
Andy: "Stam-ford Connect-icut, CLAP CLAP CLAP-CLAP-CLAP"
WEIRD!!!
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ps - you may want to burn everything on your hard drive to disc...
And keep a watchful eye on the prized red stapler!
Settle down people!! You\'re acting like they\'ll be locking the hyperion doors tomorrow.
I only skimmed that article... but didn\'t it say there\'s very little overlap between the two companies?
Despite the majority\'s panic and concern posted in here, I\'m sticking with my optimistic gut instinct on this one.
However, I\'m glad to see you\'re hedging the risk of a lengthy period of unemployment with an updated resume and additional skills.
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Dave, he uncertainty can be unnerving, but hang tough and do what you need to do. You have age on your side.
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Merger 3: UnitedHealthGroup eats Oxford Healthcare alive. Now in this case there have been layoffs, but only in the HR & Marketing depts, and it took them a full year to get there.
I work in the commissions department of UnitedHealthCare. Kind of funny how confusing things get after mergers. Oxford still has its commissions department and its so confusing as to where brokers are to send their commissions issues. The bigger these companies get the more cloudy everything gets.
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to think, all these years I thought Dave worked for a N.U.R.V. clone. . .
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Settle down people!! You\'re acting like they\'ll be locking the hyperion doors tomorrow. I\'ve witnessed 3 mergers:
Merger 1: Telecomm Infrastructure giant ADC gobbles up a little software company called NewNet. Took them 3 years to start consolidating. Luckily, I jumped ship after 2.
Merger 2: Mariner Healthcare is purchased by a puppet company called SavaSeniorCare. No layoffs.
Merger 3: UnitedHealthGroup eats Oxford Healthcare alive. Now in this case there have been layoffs, but only in the HR & Marketing depts, and it took them a full year to get there.
Dave, you\'re a technerd... always the last to go.
I only skimmed that article... but didn\'t it say there\'s very little overlap between the two companies?
ps - you may want to burn everything on your hard drive to disc... while you still have a chance.
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thanks paul, and everyone.. right now i just need to ride this thing out and see what happens. in the meantime, i\'ll be working on the resume, studying, and getting some certs. then hopefully a decent severance package to tie me over until the next stop (assuming, of course, that i will indeed be out of a job)...
still a big :?: at this point..
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Dave - might have another job also, IT assistant wanted for glastonbury company. PM me if/when.
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That\'s awful, Dave. But keep your chin up. You have experience in an industry that is always growing. I am sure you will move on to bigger and better things. Still--not a great way to begin a new month. You\'re in my prayers.....
oh and a p.s. - i think Robyn mentioned teaching...thats always a great avenue. I don\'t know if you have your masters yet, but if you do.....local community colleges are always looking for professors...in every field....and all you need is a masters. mark has a PT job teaching CJ at Post in Waterbury. Just a thought.
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that sucks dave..
i really think that everything will be okay for you considering your experience/ability. you know more about computers or any kind of technology than anyone else i know. you are a very personable and intelligent guy who would be an asset to any company. i am sure that you will be fine and who knows, maybe you will find a position with less of a commute! :thumbsup:
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thankyou and thankyou
and dave im sorry and good luck
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am i the only dickhead that doesnt understand what any of this means??
sorry
Yes.
hahahaha
It means the company Dave currently works for was purchased by Oracle. When 1 company buys another company there is uncertainty to what will become of the employees. That is a huge stressor. The thought being that layoffs will follow and people will be out looking for jobs. It could also mean opportunity if they keep folks around etc or opportunity to look for a new job. Either way it is stress that I do not wish on anyone. Especially when wife / kids / animals are involved
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am i the only dickhead that doesnt understand what any of this means??
sorry
Condensed version. Dave\'s company is getting bought out. Often when this type of situation occurs, layoffs result for the purchased company. It would be like if 2 bands merged. They could keep two drummers, but it\'s likely one would have to go. The article stated there would be little overlap, so I like Dave\'s chances.
BTW- SAP can lick my nuts.
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am i the only dickhead that doesnt understand what any of this means??
sorry
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This could be the best thing that ever happened to you. Seriously. I change jobs all the time. Of course, I am a souless mercenary of an employee, but hey so far it\'s worked out. I went from working as a banker to selling helicopters :idunno:
Do Not Underestimate Your Market Value
I\'m happy where I am right now, but I\'ve still been looking (why? b/c I\'m always looking). I actually stumbled upon something that might suit you (depends, I only have a loose understanding of what you do) . If the **** hits the fan PM me and I\'ll break it down for you.
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davis,look on the bright side of things..you could be me.
**** will be fine for ya.
dont sweat it.
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Dave-I know today may not be great, but I\'m sure things will work out. You are obviously very talented at what you do, and in your field I can\'t imagine you not being able to find something, maybe even better with a shorter commute.
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ooof... sorry man. if you feel like moving to NoVa, there\'s plenty of tech jobs here. of course, that\'s about the only redeeming part....
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i\'m taking it you don\'t have stock options....
currently a sore subject.
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Ahh damn. Hope it all works out for ya.
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i\'m taking it you don\'t have stock options....
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Dave I\'ll be thinking about you. I\'m sure everything will work out fine. You\'re a smart, talented guy and you\'ll be all set.
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IF YOU VALUE FINANCIAL SECURITY, STAY THE HELL AWAY FROM THE MUSIC BUSINESS!
seriously.
well hey, lucky for me i\'m not talented.
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IF YOU VALUE FINANCIAL SECURITY, STAY THE HELL AWAY FROM THE MUSIC BUSINESS!
seriously.
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:( sorry about your situation, dave. There\'s always a spot for you in teaching - great benefits, too! ;)
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my neighbor is a manager for a software development company. I can talk to him if you want. That\'s the extent of my knowledge of his company right now, but he commutes from meriden when he decides not to work from home. He said that a lot of the people are scattered over the country so he doesn\'t have to be in the office to do his job. good luck brother.
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Oracle Agrees to Acquire Hyperion for $3.3 Billion (Update3)
By Ville Heiskanen
March 1 (Bloomberg) -- Oracle Corp., the world\'s third- largest software company, agreed to buy Hyperion Solutions Corp. for $3.3 billion in cash to add programs that help companies analyze their performance.
Hyperion investors will get $52 a share, Redwood City, California-based Oracle said in a statement today. That is 21 percent more than Santa Clara, California-based Hyperion\'s closing price of $42.84 yesterday.
The purchase furthers Oracle Chief Executive Officer Larry Ellison\'s efforts to sell more software to customers of SAP AG, his larger rival in the market for business-management software. Oracle has spent about $20 billion on acquisitions since 2004, including buying PeopleSoft Inc. and Siebel Systems Inc.
``This deal is what you do when you can\'t grow organically rapidly enough,\'\' said Richard Williams, director of research at ICAP in Jersey City, New Jersey. He is reviewing his ``sell\'\' rating on Oracle shares and doesn\'t own any. ``Hyperion has a very fine suite of analytic solutions.\'\'
Hyperion shares had gained 19 percent this year before today and surged 21 percent to $51.76 at 9:33 a.m. New York time in Nasdaq Stock Market trading today. Shares of Business Objects SA and Cognos Inc., Hyperion\'s larger competitors in the market for so-called business intelligence software, dropped as the purchase reduced the companies\' chances of being bought.
Shares of Oracle declined 43 cents, or 2.6 percent, to $16 in Nasdaq trading. Shares of SAP, based in Walldorf, Germany, slipped as much as 2.2 percent in Frankfurt.
Analyzing Data
Excluding some costs, the purchase will boost earnings per share by at least 1 cent in fiscal year 2008 and by at least 4 cents in fiscal 2009, Oracle said. On a GAAP basis, the purchase will be ``modestly dilutive\'\' in 2008, before starting to contribute to earnings, Chief Financial Officer Safra Catz said on a conference call.
Hyperion\'s software takes data gathered by business- management programs and provides analysis to help managers monitor whether a company is meeting its goals. Oracle said the acquisition will allow it to offer a complete system for planning, budgeting, analyzing and reporting data.
Oracle will reap cost savings as the companies target the same customers, Catz said. Hyperion has fewer products in common with Oracle than Siebel and PeopleSoft had, she said.
``We have virtually no overlap with these folks,\'\' Catz said. ``We should be up and running very quickly.\'\'
Competitors Drop
Shares of Business Objects, which is based in San Jose, California, and Levallois-Perret, France, dropped as much as 6.8 percent in Paris. Societe Generale analyst Stefan Slowinksi said in a note from London today that the purchase of Hyperion by Oracle leaves no logical buyer for Business Objects, except SAP.
``SAP will likely remain frozen like `a deer in the headlights\' as Oracle continues to purchase premium properties in the software space,\'\' Slowinski said.
Shares of Ottawa-based Cognos, the No. 2 maker of corporate- analysis software behind Business Objects, fell as much as 2.9 percent in Nasdaq trading. They advanced 22 percent last year on speculation the company would be taken over by a larger software maker such as Oracle.
Hyperion has about 12,000 customers. The company reported second-quarter earnings in January that topped analysts\' estimates as it won orders from BT Group Plc, New York University and RadioShack Corp. Revenue is expected to jump to as much as $895 million this year, Hyperion said at that time.
Oracle is the second-largest maker of business-management software behind SAP. Microsoft Corp. and International Business Machines Corp. rank ahead of Oracle in global software sales.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a0fXuXn._0kU&refer=us
don\'t know what this means yet exactly, but i\'m gonna have to work on my resume a bit. :(
just when you think you\'ve got it all sussed out...
gonna be a weird one today.