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Does Kaupthing's de facto Bankruptcy affect OFMP? [message #12077]

Sun, 12 October 2008 16:30

Werner Keil

Messages: 1087
Registered: July 2009

Senior Member

Hello All,

Sorry if this may sound a bit blunt, but considering banks around the
World and Europe currently worry about their investments in Iceland this
is pretty sure to have some effect on other branches of Kaupthing Bank, too.

On one hand the pace of actual development (or at least newsgroup
traffic here) has been extremely low. Showing only 29 new messages and
barely 2-3 times more at all since its inception about a year ago
(even Babel got 60 and that is also a more "Exotic" project where
contributions largely happen on the server side behind the scenes ;-)

Let's see what is going to happen between now and ESE next month?
Should there be a major drawback on the ability of Kaupthing Luxembourg
to contribute, then of course the question of synergies or even mergers
with other projects like CloudFree (once it got on track itself) sounds
to make sense.

Cheers,
Werner

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Re: Does Kaupthing's de facto Bankruptcy affect OFMP? [message #12090 is a reply to message #12077]

Sun, 12 October 2008 17:52

Frederic Conrotte

Messages: 125
Registered: July 2009

Senior Member

Werner Keil a écrit :
> Hello All,
>
> Sorry if this may sound a bit blunt
Just a bit.

> but considering banks around the World and Europe currently worry about their investments in Iceland this
> is pretty sure to have some effect on other branches of Kaupthing Bank, too.
Good guess, the current financial crisis is not helping the project.

OFMP version 1.0.0M1, due end of this year, is on its way, don't worry.

We will present part of our work during our talk on ESE:
http://www.eclipsecon.org/summiteurope2008/sessions?id=188

The OFMP relationship to the Eclipse ecosystem is foreseen on the long
run, so we are confident that current talk with other Financial
institutions during Eclipse Banking Summit and elsewhere will be bear
fruits quite soon.

Frederic

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Re: Does Kaupthing's de facto Bankruptcy affect OFMP? [message #12104 is a reply to message #12090]

Mon, 13 October 2008 20:34

Werner Keil

Messages: 1087
Registered: July 2009

Senior Member

Frederic Conrotte wrote:
> Werner Keil a écrit :
>> Hello All,
>>
>> Sorry if this may sound a bit blunt
> Just a bit.
>
>> but considering banks around the World and Europe currently worry
>> about their investments in Iceland this
>> is pretty sure to have some effect on other branches of Kaupthing
>> Bank, too.
> Good guess, the current financial crisis is not helping the project.
>
> OFMP version 1.0.0M1, due end of this year, is on its way, don't worry.
>
> We will present part of our work during our talk on ESE:
> http://www.eclipsecon.org/summiteurope2008/sessions?id=188
>
> The OFMP relationship to the Eclipse ecosystem is foreseen on the long
> run, so we are confident that current talk with other Financial
> institutions during Eclipse Banking Summit and elsewhere will be bear
> fruits quite soon.
>
> Frederic

Thanks for the prompt reply.

Regarding ESE, I've been scheduled the day before.
Do you or some of your co-contributors from Weigle & Wilcek also attend
it the 1st day?

I mentioned somewhere that a specific talk about Eclipse in the
Insurance industry was just after mine so unless it is totally
impossible, trying to meet up that afternoon could be a good chance
during such a finance-related event.

I cannot promise I'll be there all of day 2. Which partly depends, how
long the Christmas break is at my client's? No immediate worries there
despite a sharp fall of automotive stocks except VW, too...
but it is more to meet certain delivery dates where we help building
systems to inform about cost, quality or efficiency, thus things getting
more and more important for EVERY business ;-)

On a long term some usefully unified business tools should certainly
help the entire industry at least to invest their efforts in a more
efficient way than re-inventing wheels like a Currency-Exchange
mechanism over and over again ;-)

Werner

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Re: Does Kaupthing's de facto Bankruptcy affect OFMP? [message #12117 is a reply to message #12090]

Tue, 14 October 2008 13:15

Aleksey Aristov

Messages: 17
Registered: July 2009

Junior Member

Hello!

on behalf of Weigle Wilczek GmbH I would like co confirm that the
current financial market situation does not affect our commitment for
the OFMP project. We will keep on doing our best to stick to our plans
and believe that OFMP (and open source in the financial world) has a
great future, especially in cases when financial situation is not
perfect and costs have to be cut.

Aleksey Aristov
Research & Development Director
OFMP project co-lead
___________________

Weigle Wilczek GmbH
Martinstrasse 42-44
D-73728 Esslingen
Germany

T (+49) 711 / 459 998 - 0
F (+49) 711 / 459 998 - 29
www.weiglewilczek.com

___________________

The information in this email is confidential. If you are not the
intended recipient, you must not copy, disclose or use its contents. If
you have received it in error, please inform us immediately by
return-email and delete the document.

Frederic Conrotte wrote:
> Werner Keil a écrit :
>> Hello All,
>>
>> Sorry if this may sound a bit blunt
> Just a bit.
>
>> but considering banks around the World and Europe currently worry
>> about their investments in Iceland this
>> is pretty sure to have some effect on other branches of Kaupthing
>> Bank, too.
> Good guess, the current financial crisis is not helping the project.
>
> OFMP version 1.0.0M1, due end of this year, is on its way, don't worry.
>
> We will present part of our work during our talk on ESE:
> http://www.eclipsecon.org/summiteurope2008/sessions?id=188
>
> The OFMP relationship to the Eclipse ecosystem is foreseen on the long
> run, so we are confident that current talk with other Financial
> institutions during Eclipse Banking Summit and elsewhere will be bear
> fruits quite soon.
>
> Frederic

Report message to a moderator

Re: Does Kaupthing's de facto Bankruptcy affect OFMP? [message #12130 is a reply to message #12117]

Wed, 15 October 2008 22:41

Werner Keil

Messages: 1087
Registered: July 2009

Senior Member

Hi Aleksey,

Thanks a lot for the update.
That sounds good. I would be quite happy to meet you or Mr. Weigle
(following his invitation) on some occasion proper to all of us during
the ESE next month. I see you attend and present at least 2 of the 3
days, so chances are you also might be there on all 3 of them...?

I have to ask my "sponsors" from the Automotive industry in the area
whether they are happy for me to attend the tutorial on Tue?
Otherwise I am only sure for Wednesday.

Due to your own role not as a bank, but service provider your own
ability to continue committing to it wasn't in much doubt anyway.

I was primarily wondering about the employees of Kaupthing which let's
say the bank was entirely purchased by others may not be able to decide
that for themselves.

Not only have I seen a Co-Lead from BEA drop out of Babel as their new
owner Oracle also revokes most of their own Eclipse activities (except I
guess a few more or less strategic "goodies" like EclipseLink which
could lead to embarrassment if they dropped that ?;-)

I have confirmation from more than one knowledgeable source, that no
more Eclipse based Workshop follows by Oracle after 10.3!
(again some cheap an easy "Bundle" with 1 or 2 extra plugins may remain,
but no more real product for Portal or other stuff, that moves into
JDeveloper or something similar) but as long as your own company is not
on Larry Ellison's "shopping list" this Christmas, I have no fear about
your commitment towards Eclipse or OFMP ;-)

Cheers,
Werner

Aleksey Aristov wrote:
> Hello!
>
> on behalf of Weigle Wilczek GmbH I would like co confirm that the
> current financial market situation does not affect our commitment for
> the OFMP project. We will keep on doing our best to stick to our plans
> and believe that OFMP (and open source in the financial world) has a
> great future, especially in cases when financial situation is not
> perfect and costs have to be cut.
>
>
> Aleksey Aristov
> Research & Development Director
> OFMP project co-lead
> ___________________
>
> Weigle Wilczek GmbH
> Martinstrasse 42-44
> D-73728 Esslingen
> Germany
>
> T (+49) 711 / 459 998 - 0
> F (+49) 711 / 459 998 - 29
> www.weiglewilczek.com
>
> ___________________
>
> The information in this email is confidential. If you are not the
> intended recipient, you must not copy, disclose or use its contents. If
> you have received it in error, please inform us immediately by
> return-email and delete the document.
>
> Frederic Conrotte wrote:
>> Werner Keil a écrit :
>>> Hello All,
>>>
>>> Sorry if this may sound a bit blunt
>> Just a bit.
>>
>>> but considering banks around the World and Europe currently worry
>>> about their investments in Iceland this
>>> is pretty sure to have some effect on other branches of Kaupthing
>>> Bank, too.
>> Good guess, the current financial crisis is not helping the project.
>>
>> OFMP version 1.0.0M1, due end of this year, is on its way, don't worry.
>>
>> We will present part of our work during our talk on ESE:
>> http://www.eclipsecon.org/summiteurope2008/sessions?id=188
>>
>> The OFMP relationship to the Eclipse ecosystem is foreseen on the long
>> run, so we are confident that current talk with other Financial
>> institutions during Eclipse Banking Summit and elsewhere will be bear
>> fruits quite soon.
>>
>> Frederic

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