Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
CEO
| Communications and Technology Blog - Latest news in IP communications, telecom, VoIP, call center & CRM space

Financial

Giving Back to At-Risk Youth

December 23, 2010

I love to see companies give back to their communities and people in need.

In fact you may have noticed as of late I have become an advocate of smaller government with far less overhead and taxes; in-part so organizations and wealthy individuals can have more money to spend on causes they deem wealthy.

The alternative where higher tax rates are imposed and the proceeds used to benefit special-interest groups with voting power never has and never will make sense to me.

To me, the American Dream is to start from humble means and make a positive difference on the lives of others through continued success.

So when I heard Interactive Intelligence starting a foundation for at-risk youth, I couldn't help but smile.

It's worth pointing out other companies who are successful and have made a difference via charity include Google, Salesforce.com and Facebook.

During this time of holiday cheer, it is gratifying to see companies taking the proceeds from their success and using them to help others.

When you allocate your charitable contributions at year-end and beyond, you may want to consider this foundation.

Here are some details:

  • Funds raised by the foundation are distributed to a small number of not-for-profit organizations roughly commensurate with the Interactive Intelligence Inc. employee distribution in Indiana (66%), Non-Indiana U.S. (19%), and Non-U.S. (15%).
  • Monetary distribution decisions are made one time each year by the foundation’s board of directors.
  • Special emphasis is placed on projects that promote technology education amongst the targeted at-risk youth sector.
  • At the decision of the board of directors, a portion of the foundation’s funds may be directed at times to assist world crises or natural disasters.


















No Sympathy for Wikipedia

December 16, 2010

Wikipedia is a top 10 site on the Internet - an incredible accomplishment putting it in an elite group of sites

I feel so callous – I have zero sympathy for Wikipedia’s current and ever-lasting financial woes and even though I link to the site and use it about once a week if not more, I can’t bring myself to donate. Why?

MagicTalk and MagicJack Plus Coming Soon

December 14, 2010

I’ve followed the IP communications business for well over a decade and in 1997 my company TMC decided to launch a publication called Internet Telephony to focus on what we believed would be a massive trend towards IP communications. At first we were ridiculed because there was a point in time when the technology was seen as a replacement for Ham radio only. It took some years but the industry caught fire and saw incredible innovation – even a bubble or two grew and exploded on the way to where we are today.

And as amazing as the market has been for 12 years or so, we didn’t see VoIP-on-a-stick become ultra-popular until a few years ago.

Alcatel-Lucent Turning the Corner?

November 5, 2010

After a number of years and some challenging times after the merger - Alcatel-Lucent the combination of New Jersey-based Lucent and Paris-based Alcatel is turning the corner making a quarterly profit and displaying more confidence about its future. Kevin O'Brien at the New York Times explains the company reported its first profitable quarter of the year, posting €25 million, or $35.3 million, in earnings compared to a €182 million loss in the third quarter a year earlier. Moreover sales rose 10.5 percent to €4.1 billion.

Although Asian competition from ZTE and Huawei is strong, the company certainly benefited from the implosion of Nortel and we'll see if they can ride this momentum out and keep the profits coming.

TMCnet's Ed Silverstein has more and The Motley Fool suggests Alcatel-Lucent is the next Nortel - waiting to implode. 



Clearwire Truck Lost at TMC HQ Due to Layoffs?

November 4, 2010



Its a once-in-a-lifetime opportunity - the story landed literally in our laps. We didn't even need to go outside - well it was raining so I didn't want to go outside (please don't tell anyone I work with). So I went to my team of editors after getting a tip that there is a Clearwire truck right outside my window.



Shows you how oblivious I am - its been there for two days according to one of my coworkers.

But anyway - what could be the reason the truck is here? Could they be testing that personalized 4G service I have been begging for all these months?







Mobile Banking and Payments the Next Frontier

November 3, 2010

Without a doubt, one of the greatest new frontiers for technology is to take the banks and credit card companies out – the same way tech companies have taken out retailers, film producers such as Kodak, florists, record companies and more. Expect the major players new players in the space to be Apple, PayPal, Google and Microsoft – interestingly in the late nineties, a Microsoft exec gave a keynote address at a TMC expo and said that we will see mobile payments on the horizon – the prediction will and has come true but one wonders if the world’s largest software company can keep up in the race for mobile – let alone mobile payments.

I have already deposited two checks via mobile phone applications and although it is a weird feeling to rip up checks with your name on them once you are done – it does show how comfortable people will likely become with using their phone as a payment and deposit vehicle. After all, I felt weird the first few times I deposited a check into an ATM machine – many years ago.

Tehrani on Future of Broadband

November 2, 2010

Stop the Spending Before it is Too Late

October 29, 2010

There is a simple fact that every American knows but many are scared to confront - our government is spending us into near-bankruptcy. Every dollar which we have to borrow to spend adds to the problem.

Other countries who have done the exact same thing have seen hyperinflation where the value of the money decreases so fast you have to rush to the store to spend your paycheck because if you don't, it will buy half as much or less a few days later.

One example of hyperinflation due to the government printing too much money was in the Weimar Republic less than a hundred years ago where as Wikipedia points out the money was so worthless, it was used as wallpaper!

This situation led to the Nazi takeover of Germany which launched a new currency called the Reichsmark where one of these new notes was issued in exchange for 1 billion of the Weimar Marks. When this happened, prices were reduced by 12 zeros!

There is an incredible ad which details how countries like China are taking over the US by becoming the country which loans us money which we in-turn waste. This is the same money spent on various stimulus plans that have created far less jobs than projected if any net jobs at all.



To keep the ad above running on TV where I just saw it, be sure to immediately contribute to Citizens Against Government Waste.

The election next week is a choice between continuing to borrow money and spend it on wasteful projects and raising taxes on all of us to pay for it all - or a return to a smaller government which allows its citizens to prosper by implementing common sense regulation and a more stable and steady business environment.

Having said that - the Republicans and Tea Party are expected to win many seats.















Time to Alert Your Workers About Tax Increases

October 27, 2010

A few recent articles reminded me it makes sense to warn our TMC team members about the pending tax increases which will take place next year. It is unclear if the Bush tax cuts will expire at this point but I believe it makes sense to prepare everybody for the worst. You may want to adapt this letter I sent to the TMC team for your company.

--

Team, readers of my blog know I have pointed out how many business leaders have complained about massive regulatory uncertainly is keeping the economy from healing.

Part of the problem is tax uncertainty – it seems we are scheduled for perhaps the largest tax increase (details) in our lifetimes.





The Most Important Elections of our Lives

October 24, 2010

For my US readers, next week’s election may be the most important of our lifetimes and if you have noticed my writings have become more political these past few years it is only because politics has become a far greater part of my discussions with companies in the tech space than at any time in the past three decades.

Most people I interview are very concerned that government politics and rhetoric have taken us in the exact wrong direction. My discussions with friends and acquaintances also paint a picture of people not buying houses or adding on to their homes while the Obama, Pelosi, Reid combo are in office.

Often we hear the complaints about this trio regarding wealth redistribution and being hostile to business – but there is a far larger problem with the Democrats in power today… They think they know how to build an economy better than the business owners who have kept the US a leading economic power for a good portion of the past few centuries.

Featured Events