VMware CEO Paul Maritz: From $600 To Multi-Millionaire

May 14, 2009
Tiecon organizers chose Maritz to kick off the self-proclaimed worlds largest entrepreneurs conference on bold entrepreneurship

Tiecon organizers chose VMware CEO Paul Maritz to kick off the self-proclaimed world's largest entrepreneurs conference

VMware CEO Paul Maritz kicked off Tiecon’s conference in Santa Clara, Calif. as the opening keynote speaker.

Maritz started his speech on entrepreneurship by drawing on his own experience, as a young computer graduate freshly arrived in Silicon Valley – on January 1st, 1981 – from South Africa, with his wife, a 9-months old baby and about $600 in cash!

“I’ve walked the path that many of you had the privilege to walk. The fairy tale and an incredible experience that all of us know of being part of a society that fosters entrepreneurs and has given us such tremendous rewards,” said Maritz.

But before joining Intel and then Microsoft as one of its top executive, Maritz had to go through some mainframe years. The computer landscape in 1981 was very different from what we know today.

“The [mainframe] world was dominated by IBM and the 7 dwarfs (Burroughs, Sperry Rand, Control Data, Honeywell, General Electric, RCA and NCR). I have left South Africa to work in the computer industry and in those days IBM was the Microsoft of these days: it was the uncool place to go in those days! Instead I went to work for Burroughs because they had a very cool instruction set,” recalls Maritz.

Today’s cool places to work in Silicon Valley are Apple (still), Google or Facebook, replacing the likes of H-P, Sun or Yahoo. But with unemployment soaring, does it matter really anymore?


Price Increase In Printing Supplies Didn’t Hurt Sales, H-P Says

November 24, 2008

Higher prices for printing supplies didn’t hurt fiscal fourth-quarter sales at Hewlett-Packard.

The company raised prices this summer for supplies, such as ink cartridges, but supply revenue still grew 9 percent. Profits also advanced modestly to $1.2 billion, despite an 8 percent drop in shipments of printers themselves.

“Our costs have gone up, as everybody’s has, and we passed it through,” said CEO Mark Hurd. “We had strong revenue growth in the quarter.”

The company’s printing division is closely watched because of its large contribution to H-P’s earnings.

Hurd said so far the company has not seen an increase in the demand for used cartridge that have been remanufactured and refilled with ink.

He said a bigger concern for the company is counterfeit cartridges made to displace the sale of a new one from H-P.


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