Friday, August 6, 2010

It's Friday, so rather than do any real work, I've been soaking in the news, networking, and catching up on all the gossip surrounding the developing sale of Slide to Google for some $182 million + employee retention bonuses.

Slide, you say? What's that? They make "casual games," which is Silicon Valley speak for: goofy cheap stuff you can build quickly then flip. And what's the big technology innovation Slide will leave the world for $182 million? Superpoke! -- the Facebook app. Yipppeeee! In 10 years will anybody give a damn what Superpoke! is?

The gossip is juicy. Credit where credit is due: TechCrunch had a huge scoop here, digging up the story before it was announced and even publishing the amount that everybody will make (or not make) on the deal. Judging from chatter on various message boards, the top employees at Slide make out well but the great-unwashed -- pretty much everybody on down the line below employee #10 -- didn't make diddly.

The engine of value creation, economic growth, and mortgage payments is jobs. To build stuff, you still need to hire people. Unfortunately this morning's jobs report was a bit of a disappointment, as private-sector jobs creation fell short of expectations, growing by only 71,000 for the month.

Unemployment remains elevated, with the number of unemployed persons, at 14.6 million, and the unemploymen rate, at 9.5 percent, unchanged in July, according to the Bureau of Labor Statistics (BLS) report.

Where are the jobs? Healthcare, and surprisingly, manufacturing. Healthcare added 27,000 jobs and manufacturing employment increased by 36,000 jobs in the month.

I've been doing my own research in the technology industry, and I will say, I have noticed an uptick in activity lately. Two sources at Internet jobs boards indicated that jobs listings are growing. Individual companies have also been expanding their hiring. For example, take a look at the "Careers" page of Right Now Technologies, a local company I have been following here in Montana. Their listings have expanded to 58 people.

Now, 58 jobs is not enough to counteract the macro trend, but it's clear that there is still growth in innovation markets (hey, I had to find the positive spin somewhere).

On to more of the news: