Tuesday, November 6. 2007
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The question is how FPT can recruit and retain enough 'qualified' staff
with their low salaries and incentives packages?
Yes, in a continued stock market bubble I am sure FPT can boost its
share price even more 
FPT is trying to buy shares of www.Socbay.com, as this is a
dedicated-time technology company. They hope to have such entrepreneurs
in their new company. FPT will have both the infrastructure and the
technology. Fair enough, a good technology without a good infrastructure
supports doesn't show up full performance to users. I don't know if FPT
will be successful in the Web 2.0 market but it seems that they invest
in so many fields (banking, distribution, hospital, outsourcing, etc).
I don't see the future of FPT capital and it's not 100 million USD as
they said, it's just 50.000.000.000 VND. I don't know if they will call
other investors to take part in.
FPT should start first with Outsource 2.0 first by spin off Fsoft
division and bring Fsoft IPO to international market. But the real
challenge for FPT now is to find middle manager but can perform like in
a his own start-up
I recently have chance to talk with several middle managers of Fsoft. My
supprise is while they have good communication and project management
skills, they are lack of technical knowledge. Simple question like how
do you use xml in your projects, they immediate response is they use MS
tools, Oracle tools or what ever technology in the world. They seem did
not even know that .NET extensively use xml technology.
With most of its revenues and profits coming from distributing mobile
phones and computer products, FPT is more a services rather than a
software company, notwithstanding a web 2.0 hot spot. FPT should be
broken up so that it can create more value for investors rather than
stitching far-flung business together, like retail and web services.
Growing a web 2.0 company requires all-out passion and relentless
commitment to succeed, which are not core competencies of any big and
rich corporations like FPT. It is difficult for the most imaginary
person to think a future Facebook some day grown out from the garden of
GE, so I'm suspicious if FPT Online can compete with VC Corp and the
likes.
I think HarryD has good point.
FPT 2.0? They don't even know what they said about.
Does its presence in SecondLife make hype? Going with old-fashioned IBM
for what?
@Quang: if you can build a good company we can invest into, but I doubt
it. FPT does know what they said but with different perspective.
When a company has a presence in SeconLife it means it had to
restructure to adapt working in online collaboration, not just
buzzwords. Following IBM is the way to go, with pretty good money on
hand, FPT can buyout potential companies (both web 2.0 and web X.0)
@Jason: Come on. Setting up a spot in SecondLife neither changes a
company, nor leads it to the next big thing. It’s all about marketing, I
bet.
Is FPT 2.0 a new VC?
@Quang, FPT can acquire some hyped web 2.0 companies in Vietnam and FPT
Capital can invest into startups. When your company reach the level in
par with FPT you will have broader view, boy 
@Jason: Well, I don’t know if your company has reached such a level of
FPT to share the same vision with them.
Yet, I’ll share my point of view on what so-called software company
2.0:
1. It should be customer-centric; a flat organization is about to be
better, faster to response to customer’s needs, not for marketing
shake.
2. It would be able to create “good software” that works well in the net
today before thinking of buying or investing in others. If not, all of
what it touches will never turn into gold.
3. It should avoid doing something like setting up a SecondLife camp
BEFORE re-engineering itself; otherwise this will be wastes of both
money and time.
That’s why I said they didn’t know what they meant about. Time and
practice will speak themselves on this FPT case. Cheers.
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