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 Biting the hand that feeds IT Copyright: Copyright 2008, Situation Publishing Fri, 21 Nov 2008 00:41:32 +0100 Cost cutting saves the dayIf you were looking for some good news out of Dell today as it reported its fiscal 2009 third quarter financial results, you will probably be disappointed. But not as much as you might think. That's good news of a sort considering the miserable week the global economy is having.… Thu, 20 Nov 2008 19:42:20 +0100 Pricing power goes virtualAntitrust 2.0 Why did Google leave outgoing Yahoo! chief executive Jerry Yang heartbroken at the search engine altar? If you believe the words chief ad broker and CEO Eric Schmidt funneled through The New York Times, Google chafed at the prospect of winning a Department of Justice (DoJ) antitrust suit.… Thu, 20 Nov 2008 06:44:46 +0100 Mozilla faces IRS audit over search sugar daddyIn 2007, the Mozilla Foundation received 88 per cent of its revenue from a certain Mountain View sugar daddy. And thanks to its longstanding Google dependence, the organization is facing an IRS audit and questions over its tax exempt status.… Wed, 19 Nov 2008 04:10:11 +0100 'Because that's just the kind of person he is'Those betting attention-starved web entrepreneur Mark Cuban would keep silent about insider-trading charges filed against him by the US Securities and Exchange Commission just lost their dollar. Easiest cash I ever made.… Tue, 18 Nov 2008 15:24:34 +0100 Uncommon currency hurts revsHP made some rivals realise just how badly they're doing when it today announced preliminary fourth quarter results that showed it edging ahead of analysts' forecasts.… Tue, 18 Nov 2008 03:58:54 +0100 Board seeks new bossYahoo! co-founder Jerry Yang is quitting the company's CEO post, five months after rejecting a $47.5bn takeover bid from Steve Ballmer and Microsoft.… Mon, 17 Nov 2008 21:13:40 +0100 SEC: Mamma.com stock was so ugly...Mark Cuban, technology entrepreneur, billionaire, Dallas Mavericks owner, and ardent attention-seeker is getting a new title by the US Securities and Exchange Commission (SEC) today: "defendant."… Thu, 13 Nov 2008 20:20:36 +0100 Wall Street ignorant of Mountain View money machineGoogle's share price has dipped below $300 for the first time in three years, after some Wall Street guessmen decided the ad broker's revenues are on the wane.… Thu, 13 Nov 2008 17:02:48 +0100 The problem of anti-trustnessWhen thinking about the Google Yahoo deal and why we felt it was out and out anti-trust, we were reminded of an old joke. When it was told to us years ago it was about an accountant, but the punchline was the same.… Thu, 13 Nov 2008 16:28:26 +0100 Why make trillions when we can make... BILLIONS?Microsoft will cough up more than $1bn for research and development projects in China over the next three years.… Thu, 13 Nov 2008 12:45:27 +0100 Foggy visionNetApp is refusing to give guidance for the next quarter. You can guess why.… Thu, 13 Nov 2008 10:53:56 +0100 Ask not for whom the bellwether tollsA month ago Intel CEO Paul Otellini didn't know "what impact the financial crisis will have on end customer demand". He does now and it's not good. Intel has cut fourth quarter revenue guidance by ten per cent, citing weakening global demand and PC supply chain inventory reduction.… Thu, 13 Nov 2008 10:32:29 +0100 Global Services blamedBT is to cut 10,000 permanent and contractor jobs before the end of the financial year in March.… Thu, 13 Nov 2008 01:29:30 +0100 'A personal decision,' claims companyDell has confirmed its chief technology officer Kevin Kettler plans to step down soon, although the PC vendor is adamant his retirement is not a part of Dell's recent layoffs and cutbacks.… Wed, 12 Nov 2008 20:49:26 +0100 Too many people only want their two front teeth
Wed, 12 Nov 2008 19:50:15 +0100 The US is a drag, manBlame the financial meltdown. And blame the United States. The market researchers at IDC this morning put out revised projections for global IT spending in 2009, and they now say that global IT spending in 2009 will grow at only 2.6 per cent. That's down from an earlier projection of 5.9 per cent growth in year-over-year spending, a projection that came out in August, when the economies of the world were jittery and skittish, not heading towards recession.… Tue, 11 Nov 2008 19:19:37 +0100 Waves goodbye (but not yet) to 2,200 staffVirgin Media, the UK cable giant, is cutting 2,200 jobs - about 15 per cent of the workforce.… Tue, 11 Nov 2008 11:47:41 +0100 Clamp down on over-exposed 'credit tarts' to followIf you want credit, be prepared to hand over a little bit more personal info to the data inquisition in future. That looks like being the inevitable end-result of an announcement by UK banks that in order to help you manage your credit more responsibly, they are planning to expand the range of data that they will share with one another.… Mon, 10 Nov 2008 20:36:01 +0100 Touched no more270 staff at UIQ - the graphical layer left homeless by the launch of the Symbian Foundation - have been put on notice that they could lose their jobs real soon now. But Sony Ericsson is going to cover their pay for the next month or two.… Mon, 10 Nov 2008 20:32:43 +0100 1,300 heads will roll
Mon, 10 Nov 2008 20:29:28 +0100 Washington troll patrolBill Gates is working with his former chief technology officer turned IP collector Nathan Myhrvold to register patents in a way that could help Microsoft monetize the internet.… Mon, 10 Nov 2008 14:02:06 +0100 Dude, I'm desperateFail and You Michael Dell will never miss an opportunity to sell you some shit you don't need. Attendees of this year's Dreamforce conference saw a first hand demonstration of this, having to sit through about an hour's worth of of Dell's Always-Be-Closing pitch. Trying his hardest to look like Steve Jobs, Dell successfully turned the Salesforce users' conference into a dog and pony show.… Mon, 10 Nov 2008 13:26:41 +0100 Stock market chaos blamedCable & Wireless is delaying its split into two businesses, blaming crazy market conditions rather than its own trading.… Mon, 10 Nov 2008 12:49:17 +0100 Quit shuffling aroundMark Papermaster has been ordered by a US District Court judge in New York to stop work immediately in his new role at Apple as he could be violating an agreement with his former employer, IBM.… Sat, 08 Nov 2008 01:26:26 +0100 New CEO tapped, 18 sackedBitTorrent Inc. - the San Francisco company still hoping to make some money from Bram Cohen's world famous p2p file sharing protocol - has apparently laid off about half its staff.… Fri, 07 Nov 2008 20:14:24 +0100 Redmond supremo unfazed by yin YangThis week, Yahoo! chief Jerry Yang said "the best thing for Microsoft is to buy Yahoo!" But Steve Ballmer doesn't see it that way.… Fri, 07 Nov 2008 17:06:39 +0100 IT starts taking hits, but also adds jobsThe US Department of Labor released its monthly jobs report just before Wall Street opened this morning, and the news is worse than expected.… Fri, 07 Nov 2008 16:57:32 +0100 We're disabled, really, we are!The city of Santa Fe is being taken to task over a plan to deploy a Wi-Fi network on the ground they're unfairly discriminating against people who are allergic to electromagnetic waves.… Fri, 07 Nov 2008 08:36:49 +0100 Quarterly profits a mixed bagWhile tier one server makers IBM and Sun Microsystems have reported their financial results in recent weeks, and Hewlett-Packard is getting set to do so in two weeks, there are other players in the server space. In some ways, they're canaries in the server coal mines. Niche and boutique vendors sometimes feel the pinch first, even if they do offer advantages compared to the big boys.… Thu, 06 Nov 2008 14:27:11 +0100 Ex-iPod boss given bulky annual 'shut-up' salaryThe former iPod daddy Tony Fadell will receive a hefty payout in his new “consultancy” role at Apple – where he’s also required to keep schtum about the company’s secrets.… Thu, 06 Nov 2008 13:31:23 +0100 Er, didn't you stop that happening just three months ago?Jerry Yang believes Microsoft should buy Yahoo!, despite being blamed by many for apparently rejecting a $33-a-share offer from the software giant just a few months ago.… Thu, 06 Nov 2008 12:04:51 +0100 450 will get the flash flushSanDisk is making 15 per cent of its 3,000-strong world-wide workforce redundant as it struggles to cut costs. That means 450 people are heading out of the door.… Thu, 06 Nov 2008 02:04:17 +0100 Vows profitsAMD has cut another 500 employees, vowing a return to the days when it actually made money.… Wed, 05 Nov 2008 21:31:23 +0100 Earnings closer than you thinkRecent figures from Microsoft and Apple reveal some interesting changes to how the companies compare financially. Apple's earnings may be closer to Microsoft's than you think.… Wed, 05 Nov 2008 17:13:55 +0100 Advertisers and regulators win the dayGoogle is abandoning attempts to push through its ad-sharing deal with Yahoo!… Wed, 05 Nov 2008 02:14:02 +0100 EMC and Cisco snag 1 million sharesIntel's investment arm plans to pawn half its stake in VMware, a recent regulatory filing has revealed.… Wed, 05 Nov 2008 02:08:27 +0100 Bon voyage!...or elseNearly all employees at Dell are being asked to take a week of unpaid leave. If they don't obey, another round of layoffs will begin.… Tue, 04 Nov 2008 14:14:07 +0100 Lloyds swings even bigger axeGoldman Sachs is demanding UK contractors take a compulsory 15 per cent cut in day rates, and staff have been told by agencies that this was a "take-it-or-leave-it" offer without room for negotiation.… Tue, 04 Nov 2008 06:18:43 +0100 Prays for cloudy skiesServer maker Rackable Systems reported its financial results for the third quarter on Monday, saying that sales had dropped by 25.2 per cent to $65.3m.… Mon, 03 Nov 2008 22:13:02 +0100 Stop the mag before it polls againNow might be a good time for CIO Magazine to stop bugging chief information officers and IT managers about their IT spending plans. Its surveys are killing us.… Mon, 03 Nov 2008 20:22:24 +0100 All I want for Christmas is liquidityCircuit City today confirmed plans to lay off thousands of US workers and close 155 stores in order to survive the holiday season.… Sat, 01 Nov 2008 01:36:20 +0100 Electricity is expensive... bitchAs more and more people spend their time uploading digital narcissism to Facebook, the uber-social networking site seems to have burned through its Microsoft-juiced funding much quicker than expected.… Fri, 31 Oct 2008 15:32:14 +0100 Personally guarantees $100k supermilkfloat deliveriesFamous battery-supercar firm Tesla Motors has said that it expects to secure its financial position by raising further investment within a week, following rumours that it might not be able to deliver cars it has already taken deposits on.… Fri, 31 Oct 2008 00:01:32 +0100 Blames The Meltdown, write-offsServer and software maker Sun Microsystems reported its first quarter of fiscal 2009 today, and the red ink was flowing as high-end Sparc server sales dried up at the same time that the company had to book a $1.45bn acquisitions write-off - presumably related to its $4.1bn acquisition of StorageTek a few years back and more recent deals, like the $1bn MySQL acquisition.… Thu, 30 Oct 2008 22:49:29 +0100 Cuts headcount 30 per centThe phony recession war is over and the first real storm cloud has hit the storage industry. Pillar Data has laid off 150 employees - that's 30 per cent of its workforce - to help it survive the recession.… Thu, 30 Oct 2008 22:09:33 +0100 Tiny $249 cloud PC seeks financial aidExclusive CherryPal's $249 cloud PC seems suspiciously close to vapor nowadays. But despite months of delay, CherryPal maintains its odd, 2-watt, ultra-cheap desktop will be ready to ship next week.… Thu, 30 Oct 2008 19:37:07 +0100 Throws money at local WiMaxIntel has recruited the Taiwanese government for its project to put a Linux stack on the Atom processor.… Thu, 30 Oct 2008 00:40:02 +0100 Pulled up by its VoIP strapsComcast is on the verge of surpassing AT&T as America's number one broadband provider.… Wed, 29 Oct 2008 20:45:40 +0100 Profits feeling 90 per cent lighterSony didn't have a terrific second quarter.… Wed, 29 Oct 2008 10:07:25 +0100 $59m damages awardedPioneer has prevailed in its legal battle with Samsung over who owns key plasma display technologies.… |
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Best Buy isn't so sure customers will spring for that $50 spool of Monster Cable speaker wire in this economy, so the electronics retailer today lowered fiscal-year earnings expectations.…
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