Report: Microsoft Considering Salesforce Acquisition 58
An anonymous reader writes: Bloomberg reports that Microsoft is considering making a bid for CRM and cloud software company Salesforce, after hearing that Salesforce was entertaining an offer from another company. No talks are underway, but Salesforce has started working with investment banks to figure out how it wants to respond to such offers. Salesforce has a market value of about $50 billion, so any sort of acquisition would be a huge business deal.
$50 billion is not Huge, anymore (Score:2)
Re:$50 billion is not Huge, anymore (Score:4, Interesting)
You're right it's a myth (Score:5, Interesting)
It was never really a tax per se. It was a check on out of control wealth concentration and the scary, scary power that comes with it. Plus it had the added bonus of encouraging real investment because hey, it was use it or lose it when it came to money. Now the rich can sit on a Scrooge McDuck style cash horde. But unlike the cartoon there are real consequences to that. Our economy grinds to a halt because all our capital is tied up in excesses like private jets & Mergers and acquisitions. No real value is added.
I saw the best quote ever in a news story a few weeks ago (I'm paraphrasing here): Finance is no longer a tool for getting money into productive businesses but for getting it out.
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No, it is not a myth at all. Tax forms are public information and you can review them from the very first tax form. Up until Nixon it was not uncommon for people to pay 90% tax. Average wages may have been around 20K/yr at the time, and if you made a million a year you would still have 5 times the average salary. There were some fluctuations, and certain investments could be taken out of wages.. but not that many especially early in our income tax history.
Do yourself a favor, and actually do the work you
Re: $50 billion is not Huge, anymore (Score:2)
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No, you failed to do the same work I told the AC to do! It depends on which time frame you are talking about whether or not there was a ceiling on paying 90%. Are you talking about 1918, or 1950? There were numerous changes in the tax code during that time, and some of those changes were reverted.
I would agree that no rich guy ever paid 90% tax, but it was not even close to your claim of it being the same as today. The people with the most wealth have paid less in taxes than anyone else since Reagan. U
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That's mostly because we've cut taxes on corps so much that they've got more cash than they know what to do with.
America has one of the highest corporate tax rate in the world. That is the main reason that corporations have been leaving.
I miss the 90% tax bracket. It kept corporate power in check
The 90% tax bracket was an personal rate, that did not apply to corporations. The corporate rate has never been much above 50%, and even that was generally in wartime.
Corporate tax rate by year [taxfoundation.org]
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Paying taxes is about paying for the revenue opportunities those countries create. Don't want to pay the taxes, 'THEN FUCK OFF', you are not entitled to the revenue opportunities those countries create. Want to generate revenue in the 'HIGH VALUE' markets, then pay taxes in those markets where the revenue is generated and do not steal infrastructure, a customer base with money or the social services of that customer base. Countries need to start killing of companies that steal access to markets without pay
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The 90% bracket was on individuals. The corporate tax rate was never that high.
Most likely what you are concerned about is that capital gains aren't taxed very much so it pays for corporations to hold income and not pass it on as dividends. Things like: taxing assets mark to market (i.e. you pay on what the asset is worth each year), lower unearned income taxes along with higher capital gains taxes would get the effect you are looking for.
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This company is not worth that much. This is some derivatives market magic accounting.
From what I know of SalesForce, it's a perfect fit (Score:4, Funny)
I really have to say, it's right up Microsoft's alley. From what I know of SalesForce, it's a perfect fit.
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Oh I dunno.
Current versions of Dynamics are so bad it's nearly impossible to get simple db backups, let alone meaningful data exports.
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Nope. I had Microsoft take three weeks to pull a working SQL backup out of a hosted Dynamics instance.
So, SOMEONE was doing something wrong. But it sure as fuck wasn't me.
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Just wait until Oracle jumps in the mix and starts a bidding war, because... well just because
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Just wait until Oracle jumps in the mix and starts a bidding war, because... well just because
Sounds good! I am all for more of Microsoft's cash being transferred to the shareholders of Salesforce.
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CRM Dynamics suck donkey balls..seriously.
Shitty Outlook integration, the security is a nightmare. It can't even handle multiple domains. Our company had them working our installation for 3 months straight trying to get it to work.
Stay away from it.
Money talks (Score:2)
For a while, Salesforce seemed to be heading toward adopting PostgreSQL (e.g. they hired Tom Lane). Would have been great to see some open source goodness in the CRM space. But alas, it may not come to pass
The numero uno thing in all corporations is $$$, for without it, nothing else makes sense
For the bean counters, money is worth so much more than open source, so it should not surprise anyone of the imminent outcome
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And then there is NetSuite http://www.itwire.com/it-indus... [itwire.com]
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This is one case where embrace and extinguish could actually be a good thing.
Oracle is a better fit (Score:2)
Oracle has been trying to get its foot in the cloud, so to speak, for a while now. Their success has been mixed, to be charitable. Oracle doesn't need the CRM software that Salesforce has since they already have Siebel and PeopleSoft and JD Edwards CRM offerings. What they do need is a proven cloud platform and that's where Salesforce comes in.
Salesforce already struck a deal to use the Oracle database as its back end. Salesforce also comes with a development platform (they call it Force) that allows you to
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This little upstart begs to differ http://hcp.sap.com/index.html [sap.com]
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I haven't used SAP software personally but it has a reputation for being extremely complex and difficult to customize. SAP R/4 (I believe that is the newest version) has had a very slow adoption rate. Partly because customers spent so much money (in some cases 10's of millions of dollars) getting R/3 to work and are terrified to touch anything.
R/4 uses a proprietary database (HANA) rather than Oracle or DB/2 or one of the open source databases.
It might sound like I'm knocking SAP but I'm not. They face the
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"It's not even close a better fit, especially for consumers" - Consumers is a different angle. I was looking at it from a company standpoint. Your point on licencing costs is well taken.
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Salesforce was built on top of Oracle.
This is confusing to me... (Score:4, Interesting)
Microsoft has put tons of money into their enterprise products. They're absolute piss and crash after a fresh install, but the work is still there. What good would acquiring Salesforce be for Microsoft? The only thing I can think of is that their software sucks so bad, they're going to eliminate their competitors by buying them. Because taking one gigantic, bloated, aging set of codebases (which have trouble even talking to each other!), and buying someone else's gigantic bloating, aging set of codebases, and finding some way to merge them into something new... that seems insane.
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If your job can install software in its own, and is doing so right now, consider a new line of work. Or consider expressing yourself in the same way that someone who might give you a job or raise might.
And acquisitions are often about the indirect products. Consumer base, patents, or just squashing competition. Wall street seemed confused as well. The article suggests a wholly owned subsidiary that would compete with, and gradually replace whatever Microsoft's product is, while being stripped of useful fea
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Mostly because out-of-the-box, Dynamics is good for exactly jack and shit. It requires extensive work to be made even marginally usable.
Salesforce, while not necessarily one-size-fits-all, is at least marginally useful from the get-go (though that could be a fluke).
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Of course Great Plains was that way before MS bought them.
surprise... disbelief (Score:2)
Microsoft Corp. is evaluating a bid for Salesforce.com Inc., after the cloud software provider was approached by another would-be buyer, people with knowledge of the matter said.
I wasn't expecting this kind of acquisition news even if I work for n the MS Dynamics field, but then again, the Blomberg piece is written in such a way that they can't he wrong no matter what happens next.
The Dynamics CRM product/SaaS has improved a lot in the last few releases,I'd be sad to see MS lose focus on its development by having to fit a direct competitor in the product family. While in the early 2000s the Navision acquisition brought 3 products with some overlap and life moved on, I get the impr
API? (Score:2)
Maybe this will result in a better .NET API from Salesforce? Because right now, they don't have one.
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Figuring I've written C# apps to hit the SF API using a partner interface, I'd say they do have one. It just doesn't have everything you want.
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Last I checked they just told you to generate a proxy class with the WSDL...
Please no - Salesforce WORKS.... (Score:2)
Oh gods please, no... I use Salesforce extensively every day... my company was a small company that got bought by a bigger one - the bigger parent company wanted to push us to Microsoft CRM but we convinced them to leave us alone - we had so many customizations and neat uses of their API that switching would have bene a pain.
Our parent company just announced they were being bought by a bigger company and the bigger company is a Salesforce user - the sales and support people audibly CHEERED at the prospect