John G. Mabanglo/European Pressphoto Agency
Good morning. Oracle[1] Corp. co-CEO Mark Hurd[2] told reporters on Monday that nearly 100% of the company s applications have been rebuilt for the cloud, a necessity as it competes with rivals such as Amazon.com[3] Inc.’s Amazon Web Services and Microsoft[4] Corp. Customers are shifting applications, including enterprise resource planning, to the cloud at a remarkable rate.
We have never seen anything like this in terms of speed of customer adoption, Mr. Hurd said. The company gained 200 more ERP cloud customers during the last quarter, CIO Journal s Rachael King reports[5]. Amazon doesn t yet encroach on the corporate data centers that are Oracle s traditional stronghold, but the two companies are emerging as fierce competitors for cloud services and both agree that the $41.3 billion-a-year database market is moving to the cloud, the WSJ s Robert McMillan reports[6].
Oracle is betting on a hybrid approach, in which customers knit together public and private clouds with their own data centers, often united with a single interface. Hybrid cloud is our foundation and focus, Oracle Senior Vice President Steve Daheb told CIO Journal in a Special Report on hybrid cloud[7]. Enterprises and large enterprises say, look, we have tens of years and millions of dollars of investment in on our on-premise environment. Ultimately, what is the best solution? It will be hybrid. How hybrid is your cloud? Take this poll[8] and let us know.
McKesson[9] CIO Kathy McElligott: Big Data Can Help Rate Doctors, Treatments. McKesson Corp. CIO Kathy McElligott sees analytics as a huge opportunity for the drug distributor as consumers seek quantifiable information to help them choose doctors and evaluate treatments. We need to be more educated at picking doctors and understanding outcomes, Ms. McElligott tells CIO Journal[10]. I don t know exactly how we re going to combine all that together, but it s a huge opportunity, to understand what path leads to the highest success.
Arizona finds new CIO in private sector. After nearly a year without a permanent chief information officer, the state of Arizona has tapped[11] Morgan Reed, a former Expedia IT executive to oversee state IT initiatives.
Key points to consider when negotiating the next ERP contract. Guest Contributors Richard Raysman and Francesca Morris[12] recommend several clauses that deserve mention on any ERP contract.
SECURITY AND PRIVACY
Zuma Press
Teen arrested over Talk Talk attack. A 15-year-old boy in Northern Ireland has been arrested in connection with a cyberattack against U.K. telecommunication firm TalkTalk, FT reports[13]. More than a fifth of the value of the company has been wiped out since news of the attack spread last week.
Airlines step up cyber efforts. The Boeing[14] Co. s director of security said the aircraft manufacturer hires hackers to test the systems on software on its planes, Reuters reports[15]. The proliferation of Wi-Fi and on-board electronics, coupled with the rise of data shared between aircraft and traffic management to improve operations, is giving rise to new security concerns. A group of aviation representatives Monday announced plans to work on a declaration of cybersecurity to be delivered to a United Nations aviation security group next year.
Top German official hit with malware. Malware with technical DNA similar to Stuxnet, the Trojan that attacked Iran s nuclear program, has been found on the laptop belonging to the head of the German Federal Chancellery. Ars Technica reports[16] that documents leaked by NSA whistleblower Edward Snowden links the malware, called Regin, to the NSA.
TECH EARNINGS
Square Inc. s slowing growth and steep losses will likely be scrutinized as founder Jack Dorsey heads out on an IPO roadshow. European Pressphoto Agency
Square reports loss. Payments startup Square Inc. on Monday disclosed that its quarterly losses are mounting and sales growth is slowing. The company is approaching an IPO and its offering is seen as a harbinger for tech companies valued at $1 billion or more, the Journal s Greg Bensinger reports[17].
Xerox[18] stumbles to loss, looks into new strategies. Xerox said Monday it would launch a comprehensive review of its options, as the company posted its first quarterly loss since 2010, the WSJ s Ezequiel Minaya reports[19]. The loss comes as Xerox took a $385 million pretax charge[20] tied to the interrupted government health-care projects in California and Montana.
EUROPE
European Justice Commissioner Vera Jourova, shown Oct. 6 in the European Parliament in Strasbourg, France, said Monday that there is agreement in principle with the U.S. on a new trans-Atlantic data-transfer pact. European Pressphoto Agency
EU, U.S. agree in principle on new data-transfer pact. The European Union said it had agreed in principle with the U.S. on a new trans-Atlantic data-transfer pact, as both sides race to finalize the deal after the bloc s highest court junked a previous framework used by thousands of firms, the WSJ s Natalia Drozdiak reports[21]. Among the issues that still need to be addressed, Justice Commissioner Vera Jourova said the EU was still looking for clear conditions and limits to the extent to which U.S. intelligence services have access to Europeans personal data.
France Inc. begs expats to come back and build next Uber. Bloomberg reports[22] on how French startups are trying to make their country a better lure for the 276,000 science, math and computing students who graduate from French universities each year. The country is great at innovation, but we need to get rid of the obstacles that stop economic rebound, Didier Lamouche, CEO of security firm Oberthur Technologies says.
STARTUPS
The fragmented U.S. trucking industry has long relied on third-party brokers, essentially travel agents for trucking who connect truckers with customers. MARK J. TERRILL/ASSOCIATED PRESS
Truckin got my chips cashed in A series of startups are vying to become an Uber of trucking, leveraging truck drivers smartphones to quickly connect them with nearby companies looking to ship goods, the WSJ reports[23]. The upstarts aim to reinvent a fragmented U.S. trucking industry that has long relied on third-party brokers, essentially travel agents for trucking who connect truckers with customers. San Francisco-based Trucker Path Inc. says it is aiming to reach a $1 billion valuation next year. The latest entrant, Seattle-based Convoy, said Tuesday it had raised $2.5 million in seed funding.
Israeli tech startups tap former military officers. Having a big-name former Israeli general or spymaster on the team can help bring a young company gravitas in the eyes of prospective clients, the WSJ s Orr Hirschauge reports[24]. Israel is punching above its weight amid today s tech boom, fostering a bevy of startups and tech innovation, particularly in military-related fields like cybersecurity and homeland security. That is partly due to the close ties between Israel s tech-savvy military and its startup scene[25].
Oxford glides past Cambridge in tech. A centuries-old rivalry between two of the world s best-known universities Oxford and Cambridge is spilling into the global tech-startup scene, the WSJ s Amir Mizroch reports[26]. Oxford is quietly gaining ground and establishing this ancient university town about an hour s train-ride west of London as another global tech hot spot. One measure of Oxford s success: Startups springing up around the university have attracted more investment so far this year than competitors from Cambridge.
MORE TECHNOLOGY NEWS
Wal-Mart is seeking to use drones made by China s SZ DJI Technology, including the DJI S900. Chip Chipman/Bloomberg
Wal-Mart[27] plans outdoor drone tests. Wal-Mart Stores Inc. has asked for the Federal Aviation Administration s permission to use outdoor drones to test everything from package delivery to inventory management, the WSJ reports[28]. The retailer is seeking to use drones made by SZ DJI Technology Co. of Shenzhen, China, the world s largest drone maker, including the $1,260 DJI Phantom 3 and the roughly $3,500 DJI S900.
Deutsche Bank to rip up IT systems. Deutsche Bank CEO John Cryan[29] is expected to call this week for an IT overhaul as the bank faces problems from years of allowing teams to operate their own incompatible systems. hundreds of booking systems and platforms, many incompatible with each other. FT reports[30] that CIO Kim Hammonds, formerly of Boeing, has told colleagues that its IT systems operate by trial and error an approach akin to her former employer sending aircraft into the sky, watching them crash, and then trying to learn from the mistakes.
Railroads warn of disruptions if safety deadline isn t extended. Railroads are amplifying warnings that the U.S. transportation network would grind to a halt at the start of the new year if Congress makes them stick to a year-end deadline to install a new safety system, the WSJ reports[31]. The railroads appear likely to get their wish. Late Friday, lawmakers tacked an extension of three years on to a bill due Thursday to extend transportation funding[32]. The bill is widely expected to pass both houses this week. The railroad industry says it has known the deadline couldn t be met since 2008. That is when the law was passed requiring installation of positive train control rail s version of air traffic control to prevent crashes like the fatal Amtrak accident in Philadelphia in May[33].
ICE to buy Interactive Data for $5.2 billion. Intercontinental Exchange[34] Inc. agreed to buy Interactive Data Corp. for about $5.2 billion, a bet that corporate bonds are increasingly going to be traded on electronic exchanges and other marketplaces, the WSJ reports[35]. Analysts said that by acquiring Interactive Data, ICE is in a position to profit in two ways: by launching its own corporate bond-trading platform and selling its data to other emerging trading venues, in addition to the firm s current roster of banking, asset management and other clients.
New York investigating broadband speeds. New York state s attorney general is looking into whether the region s three major broadband providers are shortchanging customers on speed, Reuters reports[36]. The attorney general s office is asking Verizon Communications[37] Inc., Cablevision Systems[38] Corp., and Time Warner Cable[39] Inc. to provide testing data and copies of all disclosures made to customers.
A chip on the old auction block. You can get a computer chip that was part of the first computer ever flown on a U.S.-manned space mission. Bidding for 4.25-inch, 512 byte chip, which did its part on the March 23, 1965 Gemini 3 mission, is at $1,300. An Apple 1 PC, available from Christies, is expected to go for between $460,000 and $770,000 the WSJ s Georgia Wells reports[40].
EVERYTHING ELSE YOU NEED TO KNOW
GM to boost its U.S. workers pay[41]. General Motors Co., which has been delivering some of the richest operating profits in its 107-year history, has decided to do something it hasn t done in nearly a decade: give its veteran U.S. factory workers a raise.
Valeant: No illegal activity at company[42]. Valeant Pharmaceuticals International[43] Inc. defended itself, saying it had properly accounted for its relationships with specialty pharmacies and had found no illegal activity at the company. Activist hedge fund ValueAct Capital Management LP has spent years building up Valeant Pharmaceuticals. Now it must defend the company[44] and its $1.7 billion stake.
Fed strives for a clear signal on interest rates[45]. As 2016 approaches, pressure is on the central bank and Janet Yellen[46] to better manage expectations for rates and the U.S. economy. Federal Reserve officials are widely expected to announce Wednesday that short-term interest rates will remain near zero, leaving mid-December as the central bank s last chance to raise rates this year.
The Morning Download comes from the editors of CIO Journal and cues up the most important news in business technology every weekday morning. [47]. You can get The Morning Download emailed to you each weekday morning by clicking http://on.wsj.com/TheMorningDownloadSignup[48].
References
^ Oracle (www.wsj.com)
^ Mark Hurd (topics.wsj.com)
^ Amazon.com (www.wsj.com)
^ Microsoft (www.wsj.com)
^ CIO Journal s Rachael King reports (blogs.wsj.com)
^ the WSJ s Robert McMillan reports (www.wsj.com)
^ told CIO Journal in a Special Report on hybrid cloud (blogs.wsj.com)
^ Take this poll (blogs.wsj.com)
^ McKesson (www.wsj.com)
^ Ms. McElligott tells CIO Journal (blogs.wsj.com)
^ the state of Arizona has tapped (blogs.wsj.com)
^ Guest Contributors Richard Raysman and Francesca Morris (blogs.wsj.com)
^ FT reports (www.ft.com)
^ The Boeing (www.wsj.com)
^ Reuters reports (www.reuters.com)
^ Ars Technica reports (arstechnica.com)
^ the Journal s Greg Bensinger reports (www.wsj.com)
^ Xerox (www.wsj.com)
^ WSJ s Ezequiel Minaya reports (www.wsj.com)
^ took a $385 million pretax charge (www.wsj.com)
^ WSJ s Natalia Drozdiak reports (www.wsj.com)
^ Bloomberg reports (www.bloomberg.com)
^ the WSJ reports (www.wsj.com)
^ WSJ s Orr Hirschauge reports (www.wsj.com)
^ Israel s tech-savvy military and its startup scene (www.wsj.com)
^ WSJ s Amir Mizroch reports (www.wsj.com)
^ Wal-Mart (www.wsj.com)
^ the WSJ reports (www.wsj.com)
^ John Cryan (topics.wsj.com)
^ FT reports (www.ft.com)
^ the WSJ reports (www.wsj.com)
^ a bill due Thursday to extend transportation funding (www.wsj.com)
^ the fatal Amtrak accident in Philadelphia in May (www.wsj.com)
^ Intercontinental Exchange (www.wsj.com)
^ the WSJ reports (www.wsj.com)
^ Reuters reports (www.reuters.com)
^ Verizon Communications (www.wsj.com)
^ Cablevision Systems (www.wsj.com)
^ Time Warner Cable (www.wsj.com)
^ the WSJ s Georgia Wells reports (blogs.wsj.com)
^ GM to boost its U.S. workers pay (www.wsj.com)
^ Valeant: No illegal activity at company (www.wsj.com)
^ Valeant Pharmaceuticals International (www.wsj.com)
^ Now it must defend the company (www.wsj.com)
^ Fed strives for a clear signal on interest rates (www.wsj.com)
^ Janet Yellen (topics.wsj.com)
^
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