Nerval’s Lobster writes “Roughly 85 percent of IT managers polled by Forrester said they would hold onto networking infrastructure longer, but vendors retire products prematurely in an effort to force customers to upgrade. In a response that may seem familiar to anyone who’s ever been pressured into buying a maintenance contract—either by an enterprise vendor or a major electronics retailer—over 80 percent of the 304 respondents said they don’t like the misrepresented cost savings, new fees, and inflexible pricing models—but buy the products anyway. One of the survey’s interesting points is that IT decision makers aren’t willing to contradict the vendor. The uncertainty seems to come from the fact that the vendor may in fact be right—and a customer who contradicts what they’re saying may end up shouldering the blame if the equipment goes south. It’s the ‘you never got fired for buying IBM’ argument, applied to the networking space. The problem, of course, is that the vendor often works for its own agenda. Do you upgrade when the vendor (or reseller) suggests you do so? Or do you stick to your own way of doing things?”
Read more of this story at Slashdot.
Legit, a startup working on a universal reputation system that could help sharing economy services verify whether users are trustworthy, has just announced its team will join Facebook. Legit’s exit blog post offered little details, but we’re awaiting a response from the founders.
President pushes proposal to fund R&D with money from oil and gas leases on federal lands.
President Obama today made the case for using money from oil and gas leases in the Outer Continental Shelf to fund research on alternatives to fossil fuels.
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Web of Trust (WOT), the safe surfing tool/browser add-on which is powered by the crowd, has raised a fresh €1M (approx. ~$ 1.3M) led by Finland/China-based VC firm, Inventure. Also participating in the round is private investor, Risto Siilasmaa, and Finnish Industry Investment, a previous backer of the Helsinki-based company.
The new capital will be used for “additional product development” as WOT aims to continue on a growth path that has seen it double the number of downloads for its browser add-on over the last year, to total 50 million.
It’s of note to mention that BlogFrog has developed a platform that would not be possible without women bloggers.
The newly available platform has a network of 100,000 “social influencers.” Women represent 95% of that community. These are women who write about parenting, food, health, fashion and home and garden.
To celebrate the 15th anniversary of the Black Hat Conference here, a panel of experts got together to expound on what they see as the privacy and security mess of our times, and they had plenty to say about the U.S. government, cyberwar and Google.
A survey performed on behalf of Mancx, a community for business answers, says that 98 percent of people distrust information they find online. Should we care about the 2 percent?
The company that knows everything about you wants you to feel in control.
Armed with a symbolic pair of red bolt cutters, Brian Fitzpatrick has the job of helping people quit Google.
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To say Wall Street currently suffers from a deficit of trust would be an understatement. In the last few years alone, the government had to bail out Wall Street to the tune of $ 700 billion, Madoff and Stanford bilked investors of billions, and ex-Goldman executive Greg Smith’s damning op-ed in the New York Times gave everyday people a glimpse into Wall Street’s profits over people mentality.
Neither Steve Jobs’ widow nor a representative of his trust will be on the ballot when Disney shareholders vote on re-electing the company’s board, says a report. The Jobs Trust is Disney’s largest shareholder.
It’s an old dilemma. Should entrepreneurs rely on their reason or their instinct? Should they trust their gut or should they trust their mind?
The good news, least according to the author of The Intuitive Compass Francis Cholle, is that the best entrepreneurial decisions are actually a balance of reason and instinct. As Cholle told me when he came into our San Francisco studio, entrepreneurs need to embrace a “healthy disregard for the impossible” if they are to develop their own intuitive compass.
Mozilla and Microsoft said Thursday they are revoking trust in all certificates issued by Digicert, a Malaysian intermediate certificate authority (CA) , after it was found that it had issued 22 certificates with weak 512-bit keys and missing certificate extensions and revocation information.