A New Jersey startup gets pricey and basic systems communicating—and could be videoconferencing’s ticket to the mainstream
By Peter Burrows
At most companies, videoconferencing has yet to evolve from a technological parlor trick into an everyday utility like e-mail. One reason is there’s no cheap and easy way to make it available on all the devices people use. Even companies that opt for top-of-the-line equipment from Cisco Systems (CSCO) or Hewlett-Packard (HPQ)often pay nearly $1 million to upgrade the underlying corporate network, says IDC analyst Jonathan Edwards.
That’s why tech industry veterans are keeping a close eye on Vidyo, whose technology will soon be sold by HP. The 120-person startup, based in Hackensack, N.J., makes software it says can run on almost any device that connects to the Net—and adjusts whether that’s a high-speed link in the boardroom or a cell connection from the 18th hole. While most companies buy a few high-end videoconferencing systems for executives, “We want to connect millions of people,” says Vidyo Chief Executive Ofer Shapiro.
The aim is to bridge the gap between traditional systems costing up to $300,000 for a just-like-being-there telepresence room and cheap but low-quality PC-based services such as Skype—and in a way that lets people using all of these options participate in calls together. Sigue leyendo
Barnes & Noble: After Booking Losses, a Bookseller on Sale
Yielding to pressure from investors as a shift to digital books hits the bottom line, the biggest U.S. bookstore chain has put itself on the block. In May billionaire Ron Burkle, who owns 19 percent of Barnes & Noble (BKS), launched a lawsuit seeking to invalidate the bookseller’s “poison pill” defense against takeovers to boost the value of his holding; the sale could give him what he wants. Chairman Leonard Riggio, B&N’s biggest shareholder, says he may join with a group that will bid for the company. In June the chain forecast a possible loss of 40 cents a share for the current fiscal year due to a $140 million investment in its digital book unit.
—By David Rocks, Edited by James E. Ellis Sigue leyendo
In a recent post, Where Big Companies Fail on Innovation, I argue that big companies fail to communicate well on their corporate innovation capabilities.
I believe this is a problem as most industries have begun adopting open innovation practices in which a key goal is to become the preferred partner of choice. This requires a significant higher visibility for corporate innovation departments.
Michael Fruhling and Kevin McFarthing contributed with comments in which they argue that companies can still do well with innovation – even open innovation – without communicating much about their efforts. Sigue leyendo