John Paczkowski

Recent Posts by John Paczkowski

Ballmer: Better Safe Than Lehman Bros.

With the current financial distress in the states quickly spreading to other industries, it’s inevitable that it will effect the software industry as well. The worsening U.S. economic situation has already inspired Forrester Research to lower its expectations for U.S. and global IT spending in 2008.

No surprise, then, to hear Microsoft (MSFT) CEO Steve Ballmer lowering his expectations as well. Given the volume of software purchased by enterprise, “it would be reasonable to expect there will be consequences,” Ballmer told Bloomberg Thursday. “Nobody knows exactly what’s going to happen. … [But] it would be really imprudent for anybody to not have that in mind.”

Later in the day, however, Ballmer seemed a bit more optimistic. “Our industry is not immune to what goes on in the global economy,” he said. “And yet as I travel … given the current circumstances, people still see a certain buoyancy in the market. At least, for now, people are feeling, I won’t say optimistic, but better than you would be feeling if you are watching CNBC all day.”

Yeah, especially if you were watching CNBC Thursday night

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik