VelociPeek

Eric’s weblog on tech

Monday, January 15th, 2007

Time Warner Sell, Buy

Song of The Day: Daddy Won’t Sell The Farm - Artist: Montgomery Gentry

Swish! Nuttin’ but net. Seriously, another 2007 prediction concerning Time Warner selling a “media unit” comes true. Last week it was announced that Time Warner sold its music subscription service within AOL to Napster for $15 million.

The NY Times has a nice write-up on it. If the NY Times article is accurate Napster gets a deal at $43 a subscriber when it’s own subscribers are valued at $328.

Inversely, Time Warner also announced that it has agreed to buy TradeDoubler in efforts to strengthen AOL’s global advertising business.

Mr. Bewkes likes the deal while Alecta, 10% owner of TradeDoubler, not so much:

“Not only does our offer provide an attractive premium valuation, but it also will enable TradeDoubler to play a key role in our strategic focus on growing our online advertising business in Europe,” said Jeffrey L. Bewkes, president and chief operating officer of Time Warner.

But a Swedish pension fund called Alecta, which has a 10 percent stake in TradeDoubler, said it would vote against the agreement.

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Thursday, December 14th, 2006

AOL, Layoffs, and New Opportunities

Song of The Day: Severed Hand - Artist: Pearl Jam

To all my diehard fans, 8.8e-07% of Internet users in the US :), of my blog I am officially leaving AOL to pursue new opportunities.

Yesterday, as a part of layoff notices, I was given a severance package. Although I could officially pursue opportunities within AOL until the end of February or so, I do not plan to do so.

I’ve been with AOL over 10 years and want to venture out. Now seems like the perfect time for me to do so. I am actually quite enthusiastic and optimistic about what the future holds! For those that followed the last link, I thought it was quite comical that someone actually gave me one last AOL t-shirt as I was leaving! The AOL-way :). LOL. However, it was not an ‘06-style version of the one shown on Flickr!

On a more serious note, I’ve worked with a lot of talented and dynamic persons over the years and I really appreciate the connections and experiences. I wish everyone well as AOL embarks on its new strategy. I hope to keep in touch through my blog and personal connections.

I could probably write volumes about my experience at AOL; however, there are a few guidelines that I’ve learned and tried to follow, which I think have worked for the most part. Perhaps someone will find them useful as well:

  • 1. Pursue what you love and be educated and passionate about it.
  • So many times I’ve seen folks translate this into a lack of maturity or into a lack of discretion. I recall one of my bosses (i.e., a long time ago so no one currently at AOL is implicated) that scolded me for wanting to write code. The person said, “I’d like to write code too, but I have a job to do.” The person came across like I needed to “grow up” and accept my lack of passion for the current job. I’ve never accepted these notions, and I’m glad I didn’t!

    I think this also encompasses “staying sharp” and not getting “too comfortable.” This helps when the career is going well and, especially, if the career takes a different turn. It’s been interesting to me over the years to observe how people have varying ways of keeping their skills and mind sharp: reading books, writing essays, taking classes, writing code, honing algorithms or math, etc.

    No one way is necessarily right or better compared to another IMHO. The important thing is to stay sharp and relevant in one’s field.

  • 2. Invest in people (i.e., colleagues and customers); they are the epicenter of success; time invested is time well spent.
  • Some folks pay this “lip service” because it is hard to execute, which is unfortunate. However, corporate cultures that value people (i.e., relationships, skills, expertise, etc.) always have a better probability of success IMHO. There are many examples I could share, and I won’t now, but this tenet has always paid off for me.

  • 3. Once committed, grind it out. Be persistent.
  • Here is an except from Michael Abrash:

    My friend David Stafford, co-founder of the game company Cinematronics, says that shipping software is an unnatural act, and he’s right. Most of the fun stuff in a software project happens early on, when anything’s possible and there’s a ton of new code to write. By the end of a project, the design is carved in stone, and most of the work involves fixing bugs, or trying to figure out how to shoehorn in yet another feature that was never planned for in the original design. All that is a lot less fun than starting a project, and often very hard work–but it has to be done before the project can ship. As a former manager of mine liked to say, “After you finish the first 90% of a project, you have to finish the other 90%.” It’s that second 90% that’s the key to success.

    A lot of programmers get to that second 90%, get tired and bored and frustrated, and change jobs, or lose focus, or find excuses to procrastinate. There are a million ways not to finish a project, but there’s only one way to finish: Put your head down and grind it out until it’s done. Do that, and I promise you the programming world will be yours.

    I don’t have anything more to add except that this transfers to other non-techie type tasks as well.

  • 4. Corporate noise is like 3D stereograms; Look past the noise to see the big picture.
  • I recall early on that I was fairly unhappy in a particular circumstance. One day it dawned on me that I had “choices.” I could do something about it or accept it. I had finally seen past the “noise” of the situation to the bigger picture. I stopped complaining and changed my situation for the better.

  • 5. Don’t take the job or yourself “too” seriously. Take micro-sabbaticals.
  • It is good to be serious about what you want to do and how to go about doing it, but I think it is also important to have some fun along the way and to step back and take a fresh look at situations outside the day-to-day grind.

    We’ve probably all heard about Gates’ Think Week. It’s a time that he collects papers, and thoughts, and contemplates the future of the industry and Microsoft. Maybe you’ve seen a few of Sree Kotay’s posts before :).

    For me it surface[s|d] in various ways: joking with a colleague, blogging, contributing to open source initiatives, etc. Even taking up an “unrelated” hobby, like I did with astronomy or running, may allow one to rejuvenate and to take a fresh perspective on current situations.

Well, that’s not a lot, but there it is. That’s over 10 years of AOL into 5 bullets (one point per 2 years). I am now “distinguished in the art of PowerPoint.”

As far as further reflection (e.g., best of times, worst of times, etc.), well, I don’t feel the need for that right now. Perhaps in the future I will have more to say, who knows? :)

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Tuesday, November 21st, 2006

Tough Choices and Leadership - Part 1

Song of The Day: Ziggy Stardust - Artist: David Bowie

Last Thursday (11/16) I was invited by AOL to attend the NVTC’s Tech Celebration. The guest speaker was Carly Fiorina, the former Chairman and CEO of HP.

The event started with a “meet-and-greet” and then dinner. Before dessert Ms. Fiorina took the stage and gave a speech on leadership with references to her book, Tough Choices. There is a bunch that could be written about the speech; however, this quote (translation varied somewhat), included in her speech, seems to capture the essence of it all:

There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.

Niccolo Machiavelli

As Ms. Fiorina alluded, it can be a rather hard business driving “change” and it takes a lot of determination, hard work, and passion to make it happen. Even then, there may be forces at odds with those who take change “in hand,” which can ultimately stunt momentum and change. For example, no matter what one does below them in an organization, one may have limited ability to change what’s above them :). According to Ms. Fiorina, not in the speech but from other articles, it was a dysfunctional board that made her success uncertain.

One other interesting aspect from the speech was regarding change “indicators,” lagging versus leading, and what they are telling about changing trends.

Most reading this will know the difference. For example a balance sheet is a lagging indicator because it represents the results of what changed. However, Ms. Fiorina looks to these areas as leading indicators for changes up-front and on the periphery:

  • Customer Satisfaction
  • Rate of Innovation (e.g., growth of patents)
  • Diversity of Management Team (i.e., perspectives, expertise, etc.)

So not only is driving change potentially “difficult, perilous, and uncertain,” but one also needs to anticipate its trend before others and then commit to driving the “difficult, perilous, and uncertain new order of things.” :)

Ms. Fiorina apparently had seen changing trends, thus merging with Compaq, and had taken change in hand with determination, hard work, and passion. So what happened? Next time….

600) )4j

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Thursday, November 16th, 2006

Welcome! You’ve Got A New CEO and Chairman

Song of The Day: Changes - Artist: David Bowie

I’m sure many have read already that Mr. Jon Miller has been replaced by Randy Falco, effective today. Reflecting over my 10+ year tenure at AOL, and specifically over the last 4-to-5 years, I have mixed thoughts. The first 5 years was consumed by explosive growth and the last 5 consumed by implosive transition–with a little hope sprinkled in recently. :) Furthermore, many initiatives IMHO appeared “too little too late” to be truly disruptive in the marketplace.

Why? It is difficult to pinpoint any one challenge, but I read a good book one time titled Execution. The book exhorts companies to think more about their strategy and how to link it to their, day-to-day, operations. Perhaps Mr. Falco will look at this and improve it somehow.

History will have to be the ultimate judge. However, I think one has to give credit to Mr. Miller for sticking it out during a tremendously difficult transition. I wish him luck.

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Monday, April 3rd, 2006

America Online, now AOL

Song of The Day: Better Way - Artist: Ben Harper


Today, the company, for which I work, officially changed its name from America Online to AOL. If you never really differentiated between the two, I think that is further evidence that it is a good move. :)

Back in ‘91 AOL changed its name from Quantum Computer Services, Inc. to America Online, Inc. to align better its name with its mission and corporate identity. Furthermore, during my tenure, the initials were briefly attached to the Time Warner logo in ‘01 until the board approved a reversal in September of ‘03.

In a prepared statement, our CEO said it is time for another name change to reflect better our…

“new corporate identity…[and]…our expanded mission — to make everyone’s online experience better. Plus consumers in the U.S. and around the world already know us by our initials.”

Jon Miller, America Online Changes Name to AOL, WSJ Online

The name has a storied history and I think this will be a positive part of it.

One other interesting aspect, in light of all this, is that the company is converting to a limited liability company (LLC) as a part of its agreement with Google, which will own 5% of AOL by the end of this quarter.

Again, all the indicators appear upbeat to me. :)

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