Nice SAN FRANCISCO – BEA Systems co-founder Alfred Chuang got rich licensing business software applications to companies that installed the programs on their own computers.
Now he's pursuing another fortune running a startup that will lease applications hosted over Internet connections — a trendy service known as "cloud computing."
Chuang's new company, Magnet Systems, is trying to capitalize on the social networking craze, too. Its applications are designed to create more convenient connections among a company's employees, customers and partners so they can share ideas and stay better informed about what's happening with the business.
Magnet, based in Palo Alto, Calif., had been in so-called "stealth" mode shop clothing shoes cheap
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