5 Technology Observations to Start Your Day, Nov. 26

Good morning, I.T. entrepreneurs. Here are five technology news nuggets, rumors, gossip, chatter and other observations to start your day for Wednesday, Nov. 26, 2014.

5. HP's Biggest Problem: Take a closer look at HP's Q4 revenues, announced yesterday, and you'll find the biggest doesn't involve PCs, printers nor even software. Instead, it's actually HP Services, where revenues fell 6.9 percent quarter over quarter. The Wall Street Journal says services competition from IBM, Wipro and others is the big challenge. I disagree. The real issue: Companies are paying less on long-term consulting engagements as they shift workloads to the cloud. And while it's easy to jab at HP's weaknesses these days, let's not forget how far CEO Meg Whitman has brought the company so far.

4. Crowdfunding's Achilles Heel: Some folks think crowdfunding will ultimately undermine angel investing and perhaps even venture capital. But crowdfunding has a painful Achilles heel. It's bad for investors. It's bad for all legitimate businesses. And its bad for the overall innovation landscape. It's called due diligence -- or lack there of.

3. Did Uncle Sam Write That Malware?: Amid all the big worries about global cyber terrorism, here's a reality check: When Symantec discovered sophisticated malware called Regin this week, some folks started to whisper: Did the U.S. or U.K. government write the malware and use it against China, Russia and others?

2. Meet Us December 4: Rumor has it, After Nines Inc. CEO Amy Katz and I will likely be in New York City all day on Thursday, Dec. 4. We've got a few meeting appointments still open for 10:30 a.m. ET and later. Want to potentially catch up? Drop us an email (Amy@AfterNines.com or Joe@AfterNines.com).

1. Closed for the Holiday: After Nines Inc. is closed Thursday and Friday (Nov. 27-28) for the Thanksgiving holiday here in the U.S. We'll be back with fresh content -- and perhaps some tasty leftovers -- on Monday, Dec. 1, 2014. Happy Thanksgiving.