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Computer Industry Daily
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Date: Fri, 12 Apr 1996 17:56:10 -0700 From: publisher@computereconomics.com Subject: Computer Industry Daily
C O M P U T E R I N D U S T R Y D A I L Y April 15, 1996
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Timely Insights and Analyses of Today's Information Technology News
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CEO Pay Rose 30% in Year of Downsizing
Executive compensation at the largest US firms averaged an increase of 30% last year, according to Business Week. This rise compares with a 2.8% inflation rate, a 4.2% gain in white collar worker salaries, and a 1% increase for factory employees. The survey is based on the compensation for the two top-paid executives at 362 companies. CEOs averaged $3,746,392 in salary, bonus, and long-term compensation. CEOs at the 20 companies with the largest layoffs last year saw their salaries and bonuses jump by 25%. The leader in total compensation was Lawrence Cross, CEO of Green Tree Financial Corp., who brought in $65.5 million, which works out to almost $21,000 an hour (assuming he worked 60-hour weeks). Other leaders included US Robotics' Casey Cowell (in sixth place) with $18.5 million, Oracle's Larry Ellison (fourteenth) with $14.1 million, and IBM's Louis Gerstner (fifteenth) with $13.2 million.
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Yahoo Doubles Value on First Day of IPO
Yahoo, Inc. increased in value from $334 million to $750 million in less than 8 hours. The IPO for the company opened at $13 per share and shot to over $28 before trading closed. With advertising revenues of only $2.5 million in 1995, the company was valued at over 300 times its earnings. New multimillionaires and Yahoo founders Jerry Yang and David Filo, who started the company when they were both grad students in 1994, are not complaining.
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Gissels Advises Webmasters on Security
SystemExperts president Jonathan Gissels explained that commerce on the WWW is troublesome because it involves a set of technical requirements rather than a single entity. System administrators must attend to "authentication, authorization, auditing, containment, scalability and integration, privacy and integrity, and nonrepudiability and undeniability of receipt." Gissels says these problems are attacked either by overlaying different security systems on top of each other or by purchasing an integrated system from a vendor, but both approaches fall short.
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Lotus Unveils Web Future for Notes
Lotus and IBM will introduce a Notes client that "publishes views to standard Web browsers," according to Ray Ozzie. They are also experimenting with integrating spider technologies into Notes.
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Insider's Viewpoint by Edward Pasahow
An Information Week study of client/server development provided some good news. The survey of 225 IS managers revealed that only one in four felt client/server lived up to their expectations. Furthermore, only two-fifths called the architecture a "worthwhile investment." So why is this good news?
The answer is found in an earlier study by the Standish Group. This one involved 8,380 software applications of all types. On those projects, a mere 15.5% came in with less than a 20% cost overrun. Meeting deadlines was no better in that only 13.9% were less than 20% late. Full functionality was provided by just 7.3% of the projects. The message here is that client/server is no harder or more risky than any other software development -- they are all difficult!
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Daily research and analysis by the editors at Computer Economics, Inc. Copyright 1996. COMPUTER INDUSTRY DAILY, 5841 Edison Place, Carlsbad, CA 92008 Phone: (619) 438-8100, Fax (619) 929-1178 E-mail: ComputerIndustryDaily@compecon.com
Mark McManus Editor in Chief Edward Pasahow Managing Editor Anne Zalatan Executive Editor Ron Donais Editor Teresa Elms Editor Jan Loomis Editor Terrin Lovett Editor
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