The end of office email?
Some stocks could benefit if other companies follow the lead of France's Atos and ban internal email.
Groan. There goes the morning.
That's exactly the buzzkill French tech company Atos wants to avoid, so it's banning office email. Instead, the company's 74,000 employees will be required to use instant-messaging tools or a Facebook-style chat interface, ABC News reports.
The company's logic might ring true with office workers worldwide. People spend too much time sending and answering email messages. It interferes with productivity. It creates distractions. Atos estimates that managers spend between five and 20 hours a week just reading and writing email.
"We are producing data on a massive scale that is fast polluting our working environments and also encroaching into our personal lives," CEO Thierry Breton says on the company's website. "At Atos we are taking action now to reverse this trend."
Is this the start of a larger movement against corporate email? And could consumer email soon follow? Facebook, Twitter, texting and other platforms have all cut into email use -- and that trend shows no signs of slowing.
Here are some stocks to watch in this sector:
IBM (IBM). The company's IBM Connections software includes blogs, wikis and forums.
VMware (VMW). The company bought workplace microblogging company Socialcast earlier this year and is building up a social software offering.
Salesforce.com (CRM). The company has developed Chatter, a private social network that it says reduces email by 30% and employee meetings by 27%.
Jive. This isn't a stock yet, but the company is moving forward with an IPO that could raise as much as $117 million. Jive makes Facebook-style tools for workers, and will be listed on Nasdaq under the symbol JIVE.
Microsoft (MSFT). The company isn't about to loosen its grip on the office communications sector, developing new productivity tools under the Lync platform. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
Facebook. Also not a stock yet but a highly anticipated IPO is in the works. Some smaller companies have been using Facebook as a way for employees to communicate, as it's free and employees are already signed up. But some social-media experts doubt Facebook can be private enough for such use.
Back at Atos, CEO Breton says he hasn't sent a work email in three years. "If people want to talk to me, they can come and visit me, call or send me a text message," he told The Wall Street Journal. "Emails cannot replace the spoken word."
You have got to be kidding. Now instead of 5-20 hours a week doing emails, they will be doing 10-25 hours a week doing IM, or some other facebook style communication, wasting the same amount of time if not more. Why, because IM requires that some one be there to answer the massager so that you can communicate. Email does not. just leave a message.
As Latrops said, you can bet the consultants got paid well for this stupid idea.
What a load of BS. Email gives you some control over your time. IM/Chat does not. It allows people to interrupt you whenever they feel like it. The other problem is that I can't create a trail very easily with IM. I can archive email and follow a thread. IM/Chat doesn't do that very well.
And finally.... why is it faster to respond to IM than it is to email? What if I want to think or check some facts before I reply? Yeah.... these people are idiots.
Ok so if you want to email a proposal, a quote or a schematic to a customer are you now going to IM them? Maybe you could put your proposal out on Facebook so that your competitors can see it too!
This has to be one of the dumbest articles you guys have ever come up with.
Email is an invaluable tool that provides many benefits not limited to:
An audit trail ("No you DID say that, I have it in your email").
I am not going to respond to that now because it is not a priority.
I will forward this email to someone and get their input before answering.
I can send this email with an attachment to everyone on the other coast now and they can answer it when it is convenient for them.
And the list goes on. IM !!!! Are you serious????
Great, this way we get to work inside the office and outside the office....24/7 with IM...I can't wait!!!!!! Kill me now. I personally, like to keep email, it shows proof of a conversation.
Give me a break...constant interruptions and the time spent chatting are going to be a better and more productive alternative. What kind of idiots come up with this stuff...
Unlike most of you commenting here I'm a dinosaur that actually remembers doing business before the PC. It was alot more personal, alot more fun, alot more freedom and things were accomplished more quickly because we all weren't choking on terabytes of information.
As a sales rep back in the early 80s I asked the president of a new company how he wanted me
to communicate with him from the field. His response, "Communicate by purchase order.
If we're unhappy we'll call you." Now those were the days....
Just because the phone rings doesn't mean you have to answer it! Just because an e-mail or instant msg, or text comes in doesn't mean you have to respond - ESPECIALLY after work hours!
After all, who's paying the phone bill? We do this to ourselves - if we make ourselves available 24/7 people come to expect you will BE available 24/7. STOP ANSWERING!!!!! and relax!
You got to be kidding? IM's more annoying and harder to ignore than email. With email you answer to really important stuff, file those worth it, delete spam and wait forever to answer your boss. IM not.
"Instead...employees will be required to use instant-messaging tools or a Facebook-style chat interface".
Oh brother. IM, email, chat....it's all pretty much the same. I'm sure those consultants were paid well to come up with this, too.
How bout they just train their managers to be more brief and to the point with their emails. Who doesn't have or know an entirely too thorough boss or coworker that sends 500 word emails that could have gotten the same message across in 25 words?
To all the people talking about using Facebook instead of email, it says "facebook-style IM". Which is kind of ridiculous considering the "facebook-style IM" is nothing original. It's just a plain old IM system. Anyway, they're not talking about using Facebook to replace email, but just a plain old instant messaging system.
Either way, this seems like a stupid idea. Email is much easier to store and sort than IM's. So let's say you switch from email to IM. Now, instead of being able to send an email to a coworker who is out of the office (sick, vacation, whatever) for them to read when they get back, what are you going to do? Send them an IM? Let's look at "IM". Instant message. Instant. What good is an instant message that won't be read for 3 days?
Ok, beyond the fact that IM is just a weaker form of email, let's say you work in a big company and you come to the office to find 50 emails. Let's replace those with IMs. Now, instead of replying to 50 emails, you have to reply to 50 IMs. Only, instead of being able to take your time, get your info, documents, links, whatever else, in order, you've got bosses and supervisors sitting at their desk waiting on your reply. Is a CEO making the equivalent of, say, $100 dollars an hour going to want to spend those hours sitting at his computer waiting for you to reply to his IM?
Let's say your boss has 4 different projects that (s)he needs information on. What is better? 4 different emails, each one specific to a separate project, or one IM conversation that contains all 4? What if you tell your boss that one project was scrapped and they think you meant project 1 but you were talking about project 3?
This is just a stupid idea. I don't think they really thought this through. There is no way that office email will "die" to instant messaging.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.