written by reader WEB 3.0

By xiexgp@gmail.com, April 11, 2014

Mark Lictenfield is touting a behind the scenes tech company that will change everything about the internet by 2015 and in doing so will make those who have invested in it very rich. . H.R. 658, a bill passed by congress with a mandate to implement by 2015 will roll out what he describes as Web 3.0. I believe this is a take on the Internet of Everything but not sure who he is talking about? Has anybody heard of this before?

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April 13, 2014 4:19 pm

Could be Splunk.
Mary Biancuzzo is touting this in Wall Street Daily. Here is the link if you want the whole CHAOS idea he is pitching..
Here is a piece of it..
“The Next Google?
Francois Meunier, an analyst at Morgan Stanley (MS), has gone out on a limb.
He says software company, Splunk (SPLK), will be to the Internet of Things (IoT) what Google (GOOG) was to the internet back in 1998.
Talk about bold!
Simply put, the IoT is the idea that every object – mobile devices, machines, people, cars… basically everything – will be connected to the internet and able to communicate with us without depending on human-to-human or human-to-computer contact.
Why? Because computers are more efficient than humans.

The term was coined by MIT’s Kevin Ashton, who says: “If we had computers that knew everything – using data they gathered without any help from us – we’d be able to track and count everything and greatly reduce waste, loss and cost.”
In other words, it’s a massive market. ABI Research says over 30 billion devices will be connected to the IoT by 2020.
Enter, Splunk. Its software platforms are critical in storing and analyzing real-time digital data for virtually every sector. (More on this in a moment.)
The firm has been on our radar for several years – particularly after it IPO’d in 2012.
But is it really the next Google?
Keep in mind, Google is one of only seven companies to ever score a perfect 100 on the C.H.A.O.S. Meter. So Splunk has its work cut out!
Let’s see how it stacks up…
~ Cash
Splunk’s fundamentals are solid.
For example, its last quarterly report showed superb year-over-year revenue growth – up 52% to $302 million.
In addition…
Splunk boasts $897 million in cash…
$74 million in operating cash flow…
Zero debt.
The catch?
Unfortunately, Splunk has yet to turn a profit. After two years of trading, it still has negative earnings, with profit margins in the red, too.

However, given its strong revenue growth, cash and vital role in its industry, Splunk is generally in good shape.

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