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December 09, 2008
Are traditional software companies dinosaurs? How many of the top 100 firms on this list will be thriving in 2019? Their most dangerous rivals have moved online, using the web, following the path blazed by Salesforce.com. The buzzword is software as a service (SaaS). Adobe, to take one example, said last week it is laying off 600 employees, or an eighth of its staff. Its crash-prone programs for graphic designers are losing popularity to easy SaaS photo-editing tools like Picnik and Splashup. Intuit, too, is struggling, with flat product revenues in the recent quarter—and web-only personal finance tools like Mint on the horizon. Regulatory Portal And in pharma? Where millions of pieces of paper and Microsoft Word documents are the hallowed intellectual property upon which every company depends? The industry’s reliance on Documentum is an anachronism, an embarrassment in the age of Twitter and iPhones. Is anyone in this industry doing…more...