Information Technology

So Is It a Smart Move or Silly Money 2.0?

Google Buys CMSReport.com. That's at least what I would have liked this week's headlines to read. Instead, everyone in the business world is still scratching their head and wondering what to make of the Google and YouTube deal. Are we about to enter real growth and value in tech or are we about to face a Dot-Net Bubble 2.0? I don't have all the answers, but it looks like everyone is watching. BusinessWeek has this to say in their article, Smart Move or Silly Money 2.0?

WHO'S NEXT? Now, the question is whether YouTube's valuation will extend to up-and-coming buyout contenders. So far, it looks like only a few sites have demonstrated growth and engagement with users that might command similar prices. Exhibit A: Facebook, whose value as determined by its venture investors has jumped from $100 million in its first round in September, 2005, to $500 million in a second round last April. And that's just the start. Sources say bidders such as Yahoo are willing to pay up to $1 billion today.

So was Google's buy of YouTube smart or silly? Just as the BusinessWeek article discusses in their own article, the answer to that question is anybody's guess. I think if Google bought YouTube only for its young fickle audience and the level of synergy currently present at the site...it was a silly move. However, Google may have also bought YouTube before anybody else could which is likely a very smart move.

When IT changes too quickly

As I have mentioned in the past, besides this site I also run a site called "WebCMS Forum" [now defunct]. The forum is a place I started in hopes of bringing users of various content management systems (CMS) together for exciting discussion. While the number of users participating in actual dicussion have always been low, those people that are posting often write something that makes hosting this underused forum well worth my time.

Quoting IT: IT Executives

"The best IT execs I've run across are the ones who skip the complaining about management and go in and do a job that seemed impossible in the face of immature technology, indifferent management and throttled budgets."

- Eric Lundquist, "IT success knows no boundaries", eWeek, September 4, 2006

As you may have noticed, we have changed our "IT Quotes of the Week" to "Quoting IT". I found that I do not always come across a good quote worthy of posting here at CMS Report. Also, there are times I just don't have the time to catch up on my trade magazines and the quotes are not really valid this week.

Back in the IT world

As some of you may have noticed, I returned a few days ago from my low-tech week. It's taking me awhile to adjust being stuck at the computer so you'll have to bear with me. It's been tough enough to spend the PC time at work, so spending my "free time" on the PC is challenging. It's kind of like not eating fast food for a week and then suddenly having to ingest it for every meal. Drupal addict and Yoga for Geeks guru, Sarah Pullman, mentioned a similar experience in one of her posts. To add insult to injury, I blew up three sites on my VPS and had to put the pieces back together.