Quotes from Tech Summit in New York on Thursday
NEW YORK (Reuters) - Here is a selection of quotes from the Reuters Global Technology Summit in New York on Thursday:
DELL INC (DELL.O) PRESIDENT OF LARGE ENTERPRISES STEVE
SCHUCKENBROCK
"I would characterize companies in one of two places: Those that have sort of stayed in the hunker-down mode and don't know how to come out of it ... and those that are now saying alright let's move cautiously but positively toward getting returns for the company."
"If I had to guess today, you've got a 50/50 mix of those that are cautiously investing and those that are still in hunker-down mode."
"I think we took too much attention off share gain in the U.S. and we need to refocus."
"We got a little bit too focused on retaining and developing the customers we have and not focused enough on acquisition of new, and so I think you'll see a significant effort on 'let's go attack the other guys where they live.'"
On mergers and acquisitions:
"There's a lot of consolidation in the industry so we want to make sure the companies we're interested in go our way."
SAP AG (SAPG.DE) CHIEF TECHNOLOGY OFFICER VISHAL SIKKA
"We expect cautiously that the market will start to, not improve but show signs of improvement, in the second half of the year, show early signs of improvement."
"We are cautiously optimistic that we will see some signs already in the second half of this year that things are sort of bottoming out."
DRAPER FISHER JURVETSON MANAGING DIRECTOR TIM DRAPER
On the slumbering IPO market:
"It's hurting venture capitalists because we can't get money back to our limited partners, our investors, and it's hurting entrepreneurs because they signed up for a five- to seven-year sojourn and after that five to seven years, they come and OK we're $30 million in revenue and we got $4 million in profits and we're ready to go public. And we say, 'No, keep your head back down for another five years because you gotta be worth about $1 billion to go public in today's market.'"
On a new exchange he is helping to set up to allow venture capitalists and other investors to trade shares of start-ups:
"We're calling it 'Taking it prublic.'"
(Compiled by Tiffany Wu and Gabriel Madway)
