Open Text Corporation (...

When people ask me if I think crude oil is going to $50 or $150, I nod sagely and say: “Yes, probably.” I’m not being flip. I’m simply giving both the short-term and the long-term timeframes. Short-term, crude oil is probably heading lower, even though it’s nearly 60% off its highs. The last chance to hold the line on oil prices was at OPEC’s emergency meeting. And the oil cartel choked like a cat on a hairball. They cut 1.5 million barrels per day of production when they needed to cut about 3 million barrels per day. The OPEC meeting was the last obstacle in the way of deflationary forces that are driving oil prices lower in the short-term. Long-term, there are forces that should drive oil much higher. And one of ...

After the highly successful VMware (VMW) IPO last week, which saw the price of the stock nearly double in just two trading sessions, it appears that tech IPOs are hot once again and there are some interesting ones that are currently in the pipeline. Located close to each other in San Mateo, California, NetSuite and Success Factors are two such companies that have filed to go public in the near future. Apart from their location these companies also have one more thing in common. Both of them are Software-as-a- Service (SaaS) providers or in the outdated pre-2000 jargon, Application Service Providers (ASP).