How publicly traded Philly Tech stocks held up yesterday
Tom Paine
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Looking at publicly traded Philly Tech companies, only a few were significantly impacted by yesterday's fallout ( I consider +/- 5% to be within normal range for all but the largest tech stocks).
The biggest losers on the day were:
Qlik Technologies (14.9%)
EPAM Systems (11.5%)
MeetMe (6.5%)
Universal Display (5.9%)
Radnor-based Qlik, which was recently panned by Barron's, was definitely impacted by competitor Tableau's problems, which could be both a positive and negative for Qlik. Part of what the market may be seeking is a more rigorous BI Engine, which is Qlik's strength.
It may also help Qlik in recruiting versus Tableau.
SAP SE, wich has considerable positive momentum right now, was hardly pinged, down 3.6%.
Here's some stats on all of all of
the Phiily area's major tech stocks.
Correction: An earlier version of this article mistakenly included USA Technogies among companies losing 5% or more of their market value yesterday.
Links 2/6: What the heck happened at Tableau?; LendingClub Models Misfire as Loan Write-Offs Top Forecasts
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What the heck happened at Tableau? It gruesome. (Denn Howlett/Diginomica)
After $66 Billion Goes Poof, Cloud Software Stock Outlook Turns Very Foggy (Re/code)
Are We Seeing Another Dotcom Crash?
(Fortune)
Twitter will change its timeline to use algorithm, BuzzFeed says (Marketwatch)
Dorsey Says Twitter Is Not Planning to Reorder Timelines Next Week (Bloomberg)
LendingClub Models Misfire as Loan Write-Offs Top Forecasts (Bloomberg)
Comcast grabs 475 acres in Orlando for theme park (Philadelphia Inquirer)
Deal Shows Investors Are Willing to Make a Blind Bet on Uber (NY Times)
Tableau, on weaker outlook, down 49% today; sparks tech sector slump
Tom Paine
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I don't usually report on stock movements.
But Qlik competitor Tableau (NYSE: DATA) saw the bottom drop out this morning after an earnings report yesterday that concerned some and a disappointing outlook going into 2016.
Its shares are down 49% so far today.
Tableau’s outlook for the current quarter missed Wall Street views, and its revenue for Q4 2015 met expectations but disappointed some.
“We have data and have heard anecdotally that the Tableau solution is the most expensive in the market when compared with” products from rivals Microsoft (MSFT) and Qlik Technologies (QLIK.), Summit Research analyst Srini Nandury told Investor's Business Daily. Some also mentioned an impact from Amazon.com’s AWS QuickSight.
Q4 revenue rose 42% to $202.8 million. Tableau's net (GAAP) loss of 57 cents a share was influenced by a negative tax adjustment.
One might say that Tableau's results don't look too bad, but momentum stocks pay a heavy price when the expectations bubble bursts. I don't have the time, but someone could do a great dataviz of recent Tableau price movements.
QLIK is down 15% today.
Update 3:40pm: Tableau seems to be dragging the whole tech sector down.
The Nasdaq Bloodbath Led by LinkedIn, Tableau (Wall Street Journal: MoneyBeat)
Tableau finished the day down 49.5%, Qlik 15%.
Links 2/5; SAP Uses Super Bowl 50 To Test Data Visualization, UX; Oracle suggests Amazon's cloud isn't real
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Cue the surprise: Oracle suggests Amazon's cloud isn't real (Computerworld)
The Nasdaq Bloodbath Led by LinkedIn, Tableau (Wall Street Journal: MoneyBeat)
LinkedIn Plunges, Torpedoed by Fears of Slower Growth (Re/code)
Meet the best venture capital firm you’ve never heard of — it had 7 of its companies go public since 2014 (Business Insider)
SAP Uses Super Bowl 50 To Test Data Visualization, UX (Information Week)
There’s still a gap in the Smart Home app (Embedded Computng Design)
Four takeaways from yesterday (2/4)
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Bob Moul has been named chief executive officer of Philadelphia-based Cloudamize
Paul Melchiorre, former President of Exton-based iPipeline, gets big job with unicorn Anaplan
Shares of QlikTech competitor Tableau plunge 36% after company posts $41M loss in Q4
ESPN Says Skinny Bundles Are Big. Comcast Says They’re Not
Melchiorre, former President of Exton-based iPipeline, gets big job with unicorn Anaplan
Tom Paine
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 |
| Paul Melchiorre / LinkedIn |
Paul Melchiorre, former President of Exton-based iPipeline , was appointed global Chief Revenue Officer of San Francisco-based Anaplan today. Melchiorre’s appointment follows Anaplan’s recent announcement that it raised $90 million in a funding round.
Prior to iPipeline, he served as Global Vice President for Ariba, the B to B supply chain software company acquired by SAP in 2012. Before that, he was an executive with SAP.
A graduate of Villanova (undergrad) and Drexel (MBA), Melchiorre has been omnipresent on the Philly Tech scene, working with numerous startups such as ExpenseWatch, ListenLogic and VC firm MissionOG.
One former SAP associate said on LinkedIn: "The way it was told to me, Paul basically built Ariba ... Actually I know Paul much better from his many years with SAP, where not only did he lead the company in sales but did so while being a hell of a nice guy."
Ariba was an early competitor to Malvern's Verticalnet, and both crashed in the 2000 era tech bust. But Ariba came back to survive and prosper, while Verticalnet barely hung on.
Anaplan, which calls itself "the enterprise planning cloud company", announced a $90 million round at a valuation of S1.09 billion post funding in January, and hired a new CFO. It definitely indicated it is planning for an IPO. It competes with older-line companies such as SAP, as well as other new-breed SaaS business planning startups.
Melchiorre left iPipeline after it was acquired by PE firm Thoma Bravo last year.
Links 2/4: Shares of Tableau plunge 36% after earnings report; Tech in NJ: Forget Silicon Valley, be Seattle
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ESPN Says Skinny Bundles Are Big. Comcast Says They’re Not. The Future of TV Is Confused. (Re/code)
uBeam doesn't want to just charge your phone — it wants to send data to it too (Business Insider)
Amid big changes in Philly media, startup Billy Penn sticks to its vision (Columbia Journalism Review)
Shares of Tableau plunge 36% after company posts $41M loss in Q4 (GeekWire)
Tech in NJ: Forget Silicon Valley; be Seattle (Asbury Park Press)
IBM Buys Germany’s Ecx.io, Its Third Creative Services Acquisition In A Week (TechCrunch)
Moul becomes CEO at Philly-based Cloudamize; Founder Shah to serve as chief evangelist & board chair
Tom Paine
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 |
| Bob Moul / LinkedIn |
Khushboo Shah, who has led the company as founder since its inception, will continue to serve as chief evangelist and will chair its board of directors.
“I am thrilled that Bob has agreed to join the company,” said Shah in statement. “He has been a close advisor for many years and brings deep insights into our market, our customers, and our partners. With his proven 35-year track record in hi-tech, he is ideally suited to take Cloudamize to the next level and to achieve our vision as the leader in maximizing cloud value for our customers.”
Moul has also been a visible leader in Philadelphia's tech community. And he gave an honest self-assessment of his missteps at Artisan, which reportedly sold for less than the amount invested in it.
Cloudamize is venture-backed by MissionOG, DreamIt Ventures, and Gabriel Investments. It has received $1.2 million in venture capital, according to CrunchBase. There's been no indication yet that additional funding is tied to Moul's new role.
Moul described in a separate blog post how he met Shah four years ago when he was coaching her in an incubator program, and has worked with her ever since.
I profiled Shah and Cloudamize a
 |
| Khushboo Shah / LinkedIn |
There are so many companies named 'Cloud' around, I think it needs some explaining. Cloudamize may be complementary to CloudNexa and shares a common investor, but is not a direct competitor (at least that's how it appeared a year ago). Cloudmine and Cloudamize share some common investors and might be helpful to each other, but are really two different businesses.
First Round Capital is an investor in a Portland-based company called Cloudabilty, that's raised $16 million and does appear to be in the same space as Cloudamize.
A year ago, Cloudamize seemed focused solely on cost optimization and tracking for Amazon Web Services customers. AWS was at a $10 billion annual run rate in the 4th quarter. But Shah's plan was to expand its range of services to other clouds, It appears to have expanded to cover Microsoft Azure, the second most popular public cloud.
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