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Web

Google spreadsheet app will not catch on

According to Om Malik, Google is rumored to be coming out with an online spreadsheet application tomorrow, but I don’t think it’s going to have much of an impact.

Why? Well, in my experience at least, everything I do in Excel is with data that I don’t want anyone, even Google (imagine that), to have a look at. 99% of the time I’m working with confidential client data, and the other 1% of the time I’m working with my own data that might as well be confidential!

I might be the exception, but I doubt it.

Why would a company like Google, who has in the past been so focused on the user, be ignoring spreadsheet users’ needs as it develops its spreadsheet product? Here’s CNET’s take on it as well: They seem to be psyched about the possibility of putting their confidential data in Google’s hands for some reason.

Maybe I’m missing something.

Categories
Business

First day of trading for Corel on the Nasdaq

Corel began trading on the Nasdaq Wednesday, April 26 and finished down 2.1% from its IPO price of $16 per share.

Corel was bought by Vector Capital in 2003, which took it private before offering it publicly again recently. They own 72% after the recent offering. Corel makes CorelDraw and WordPerfect of course (now called bundled with other productivity software and called WordPerfect Office), as well as Paint Shop Pro due to their purchase of Jasc Software in 2004, and also WinZip, as a result of the 2003 Vector acquisition.

The stock is probably going to have limited success, since competition is tight in the mature packaged software industry and no dividends will be paid to the new investors in the company.