Arik Hesseldahl

Recent Posts by Arik Hesseldahl

NetSuite Shares Fall as Loss Shrinks Only Slightly

NetSuite, the cloud-based enterprise resource planning outfit, reported a quarterly loss of $6.4 million, or 10 cents a share, today, fractionally better than its loss in the same period a year ago, even though sales rose 21 percent to $52 million. Excluding one-time items, the company earned four cents a share, about what analysts expected. Shares fell more than six percent in after-hours trading.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald