Opensource Deal of the Year: Sun acquires MySQL – details & video

If you track open-source software industry developments, Jan 2008 was a big month.

Sun acquired MySQL. Read the details along with all the Q&A and comments here on Jon’s blog.

In Jon’s words:

Here’s a quick interview Rich, Marten, Greg and I did on the Sunday before we signed (personally filmed by noted director Anil Gadre)… pay attention to the good luck charms that show up around the 3:30 marker…

Société Générale hit by $7 billion loss by Rougue Trader- video report

As you may be aware, amidst this past week’s financial market turmoil world wide, we had another very significant development happening. French banking giant Societe Generale revealed a trading fraud which cost the bank $7.2 billion.

Trader Jérôme Kerviel had built combined trading positions over recent months, totalling about €50 billion or $73 billion. SO in this past week, SocGen unwinded about $70 billion dollars of positions (after considering that about $3 billion were direct position losses acknowledged by the bank). One can only imagine the kind of challenge given to SocGen’s best traders to unwind such large positions without causing panic in the markets and protecting their stock price.

This report by Wall Street Journal is the best so far.

We can probably use the simple thumb rule that for every one fraud revealed, at least one more will not be revealed, and one can only imagine what all is hidden in those back office billion dollar trades.

Here are two video reports:

Imagine… SocGen is known internationally for its expertise in equity derivatives. And Risk Magazine had awarded the bank its “Equity Derivatives House of the Year” this month. So a lot of work is needed on the reputation front, to ensure that it does not lose profits from its equity derivatives business. Building reputation is hard; rebuilding is harder.

Podcasting For Business Communications

Podcasting is one of the newer methods for Business Communications. You may have already seen podcasts from a variety of special interests groups sending out their messages online to interested individuals. in the same promotional theories.

If you use podcasting properly, you can send a recorded audio message/discussion to all employees or to specific customers who has agreed to receive the information. Podcasting for business can also be information made available to recipients without it being automatically delivered to their device – like sending a URL where the actual podcast is available. This practice is more friendly to the target audience as they can view the message at their convenience.

Podcasting for business can be used to send information to employees by way of their cell phones or handheld devices. For example, a recording by the CEO on the new market challenges.

The podcast is uploaded to a server or distribution service where it can automatically to broadcast to all intended recipients at the same time. This ensures that all employees get the same message at the same time. The receiving devices can be used to view the message at the recipients’ convenience and with the right software and structure a confirmation message can be transmitted back to allow the sender to know the information has been received.

Other uses of podcasting for business include sending information to customers through wireless devices or by sending an email to them giving them the address at which information about products and services are available through podcasting.

This is ideal for sharing information that customers may find useful. For example, some best practices, or an interview with a product/solution expert that answers FAQ on a given topic.

Distribution: Sending an email or text message direct ing them to a podcasting site is recommended when podcasting for business. For example, here’s a podcast from Harvard Law School

Respect Privacy: When using podcasts for sharing information with customers, please make sure the customer has agreed to receive the information, to protect your business from any charges of spamming.