You can’t argue with that.
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Don’t know who wrote this:
“Why does Ron Conway support Ed Lee?
The Twitter tax deal.
Political naïveté or influence peddling
Ron’s increasingly involved in SF money politics
Ed’s gonna win; Ron backs winners early and throws the losers an anchor
Ron’s either buying influence or getting played, take your pick; he’s pouring money into a race that’s already a lock, behind a candidate just waiting for voters to confirm what everyone knows. If naïveté, Willie Brown is using the Twitter deal to pull Ron and his money on board an already winning campaign. If influence peddling, Ron’s using his money to buy himself some friends by backing the clear winner of the race early.
On the face of things, Ron’s a huge fan of the Twitter tax deal that Ed Lee supported after progressive-backed Supervisor Jane Kim surprisingly swung behind Twitter’s demands, making the deal possible. Word on the SF politico street is that the deal was primarily a supervisorial fight between the progressive forces of John Avalos and Chris Daly and the downtown interests getting somewhat behind the big tech scene, rather than being a mayor-driven initiative. It was no surprise that there was a long line of companies right behind Twitter looking to enlarge that financial hole Twitter forced open.
But here’s the political situation Ron has bought into: Willie wants Ed to get a smashing mandate and is seen as the power behind the throne at this point, having convinced a reluctant Ed to run for election after repeatedly promising he would not run. Willie even convinced Ed to break Ed’s deal with the Board to not run in exchange for being appointed in the first place. Considering two Supervisors are currently running for mayor, Ed’s name isn’t worth dirt in political SF. Unless you want something from the Mayor’s office, in which case, hello, buddy!
The other campaigns, especially Leland Yee and David Chiu turned their guns on Lee as soon as he entered, calling him a puppet and a liar in only slightly nicer terms. They failed; Ed survived. Ed is now holding steady at ~35% in the polls after a brief dip down to 30%, with about 40% undecided as of two weeks ago. It’d be shocking compared to the race before Ed entered, but this 4-5 serious candidate race may be over in a single round rather than using the rank choice voting system that was supposed to make this such an interesting cycle.”
On It Goes, after the jump
Salesforce.com Announces Fiscal Second Quarter Results
First Enterprise Cloud Computing Company to Exceed $2.1 Billion Annual Revenue Run Rate
— Record Quarterly Revenue of $546 Million, up 38% Year-Over-Year
— Raises FY12 Revenue Guidance to $2.22 Billion – $2.23 Billion
— Deferred Revenue of $935 Million, up 37% Year-Over-Year
— Operating Cash Flow of $83 Million, up 9% Year-Over-Year
— Company Record 6,300 Net New Customer Additions
— Total Customers Rise to 104,000, up 21,600 or 26% Year-Over-Year
SalesForce saved our bacon, you know, after our somewhat misguided BioTech Uber Alles approach to Mission Bay bit the dust.
Plus, CEO and Fouder Marc Benioff just kicked in nine(!) figures to build a new UCSF Childrens Hospital.
See? What it will look like:
See you at DreamForce 2011!
All the deets:
SAN FRANCISCO, Aug. 18, 2011 – Salesforce.com (NYSE: CRM), the enterprise cloud computing (http://www.salesforce.com/cloudcomputing/) company, today announced results for its fiscal second quarter ended July 31, 2011.
“We’re expecting over 40,000 people to register for Dreamforce which takes place in San Francisco later this month. It’s the cloud event of the year where attendees can learn how to supercharge their relationships with employees and customers using social, mobile and open cloud technologies,” said Marc Benioff, Chairman and CEO, salesforce.com. “We hope to see you there.”
Salesforce.com delivered the following results for its fiscal second quarter:
Revenue: Total Q2 revenue was $546 million, an increase of 38% on a year-over-year basis. Subscription and support revenues were $509 million, an increase of 38% on a year-over-year basis. Professional services and other revenues were $37 million, an increase of 44% on a year-over-year basis.
Earnings per Share: Q2 GAAP net loss per share was ($0.03), and non-GAAP diluted earnings per share increased 3% year-over-year to $0.30. These GAAP and non-GAAP results include a one-time charge of $0.04 per diluted share associated with the legal settlement disclosed in the Form 8-K filed on June 15, 2011. The company’s non-GAAP results exclude the effects of approximately $55 million in stock-based compensation expense, approximately $19 million in amortization of purchased intangibles, and approximately $3 million in net non-cash interest expense related to the company’s convertible senior notes. Non-GAAP EPS calculations are based on 143 million diluted shares outstanding during the quarter, including approximately 4 million shares associated with the convertible senior notes and warrants. GAAP EPS calculations are based on a basic share count of approximately 135 million shares.
Customers: Net paying customers rose approximately 6,300 during the quarter to finish at approximately 104,000. This was a quarterly record for the company. Since July 31, 2010, the company added 21,600 net paying customers, an increase of 26% on a year-over-year basis. As discussed on May 19, 2011, the company will no longer provide the customer metric on a quarterly basis, but expects to provide periodic updates on achievement of customer milestones in the future.
Cash: Cash generated from operations for the fiscal second quarter was $83 million, an increase of 9% on a year-over-year basis. Total cash, cash equivalents and marketable securities finished the quarter at approximately $1.3 billion.
Deferred Revenue: Deferred revenue on the balance sheet as of July 31, 2011 was $935 million, an increase of 37% on a year-over-year basis.
As of August 18, 2011, salesforce.com is initiating guidance for its third quarter of fiscal year 2012. In addition, the company is raising its prior full fiscal year 2012 revenue guidance and updating its projected full fiscal year 2012 GAAP and non-GAAP EPS guidance previously provided on May 19, 2011.
On it goes
Well let’s see here, now of course, Marc Benioff of Salesforce.com is spending 8 figures to pay for the UCSF Children’s Hospital they’re building at Mission Bay right now.
OTOH, Larry Ellison of Oracle wants us to pay him and give him land so that San Francisco can be forced to watch his little boat race:
Oh, wait, that’s not Larry Ellison, here he is, flipping off the competition as he sails by on his little boat.
Hurray Larry! We all love you, Larry! All your ex-wives let you down, but it wasn’t your fault, Larry, it was all their fault, you’re the greatest, Larry!
When Eric Cartman saved South Park he wanted just one reward – he wanted to play with his toy truck, but, also, he wanted another child to be forced to watch. See?
In this image, the toy truck is the America’s Cup, Cartman is Ellison, and Kyle back there, he’s the people of San Francisco, sold down the river, once again.
So, if you’re getting pressured to “donate” to Larry’s little boat race to “help the town” or whatever, that’s fine, do it if you want. You’ll be sure to get access to the “V.I.P.” tent or whatever and you’ll get some swag like a souvenir windbreaker or something, that’s fine.
Or, instead, you can do something real and donate to UCSF Mission Bay. (Last I heard, they needed something north of half a bil., all told)
It’s your choice.
Anyway, the results are in: Marc Benioff is the Better Bay Area Billionaire.
Does that make sense? I mean, did we pay for AT&T Park? Not really, right?
So why should we pay a dime for the America’s Cup? Crazy (Like a Fox) Larry Ellison could certainly afford to pay for his boat party so why doesn’t he just pay for his boat party? If he doesn’t like that, then he can host his shindig someplace else, right?
The way things are going, Bridget Fonda will be the only remaining fan of Crazy Larry:
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Now Larry cares what people in the bay area think about him, right?
And Larry told the previous Mayor “I’ll give you anything for any project,” right?
So let’s figure the exact eight-figure amount that this thing will cost us, as best we can, and then tell Larry’s people as soon as we can so he can start making alternative arrangements. And then, if he forks over the cash, all the presumed benefits we may or may not net will just be gravy, and we’ll all sing the praises of Saint Larry the Reviver of San Francisco.
Why not let’s do that?
But it could be that he don’t get nothing, owing to the fact that this is a news photo, right? I don’t know.
The floating Airbuses of the Hudson tidal estuary:
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(Click on the links and you’ll see how San Francisco’s very own C. Montgomery Burns imposes his values on the 415 from afar.)
(And I’ll spare you the deets about how you, or if you prefer, the Federal Treasury, same thing, pay for half of whatever this 501(c)(3) VALUES entity does.)
Free-flowing booze, nudity, DoOds kissing DoOds, freak flag-flying, fun in the sun – all from back before some billionaire, the A in AEG, bought the Bay to Breakers event and those NIMBY millionaires moved into greater Western Addition (aka Hayes Valley, Alamo Square, the NoPA, the EaPA, the SoPA, the DivCo, etc…)
“The poisonous partisan attack is an utter betrayal of the chamber’s mission to represent the business community, not just do the bidding of one billionaire running for governor.”
Is this the right way to get around the rules, just by saying you’re not doing what you’re doing – is this the way it works these days?
It’s starting to rain hard, but you’re outside without a brolly – what are you thinking, CalChamber?
[UPDATE: This just in – complaints have just been filed. Consumer Watchdog, for one, is on the case. Who, at CalChamber, let the dogs out? Repeat: What are you thinking, CalChamber? Helloooooo, McFly!]
[REUPDATE II: We’ve reached endgame. Alls that’s left to do is to see how the Fair Political Practices Commission (FPPC) will handle the situation.]
What do you think about the right hand of Golden Gate Yacht Club Commodore(?!) Marcus Young as he ponders The Future? (No, he’s not wearing a glove or nothing.)
Maybe he was coding at the time and then got taken to the E.R. right after this photo was shot?
As it appeared in the paper:
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