Akamai slashes 7% of its workforce
Nov. 20, 2008
Akamai said this week it will be laying off 100 workers, or roughly 7% of its global workforce, in an effort to reduce its operating costs.
Wall Street Beat: Tech shares sink to 6-year lows
Nov. 20, 2008
Upbeat earnings news from Hewlett-Packard and Salesforce.com and better-than-expected October PC sales in the U.S. could not boost confidence in the technology sector as IT investors continue to dump shares, bringing ...
Risks, Rewards, Challenges of Financing IT Purchases
Nov. 21, 2008
If a car owner doesn't pay back his car loan, the repo man usually arrives in the dark of night to take back the automobile. If a homeowner defaults on his mortgage, the bank forecloses on and seizes the house. The car ...
HP defies economic slide with strong fourth quarter
Nov. 18, 2008
HP saw a sharp increase in fourth quarter revenue and expects a profitable fiscal 2009 despite a gloomy global economic scene.
The trend towards third-party MSPs
Nov. 11, 2008
With the economic downturn in full nosedive-mode, companies are concerned about earnings reports, managers are worried about their budgets, and IT staffs are trying to figure out how to keep the infrastructure secure ...
Microsoft earnings beat the Street
Oct. 23, 2008
Microsoft Thursday said the diversity of its software offerings helped it beat Wall Street estimates and post $15.06 billion in revenue during its fiscal first quarter of 2009.
Cisco sees revenue, earnings hike in Q1; plans hiring freeze
Nov. 05, 2008
Cisco Wednesday recorded a 5% hike in first-quarter earnings on an 8% increase in sales.It also said it plans to institute a hiring freeze as it braces for further economic turmoil.
Overstock.com restates earnings, cites ERP implementation
Oct. 27, 2008
Internet retailer Overstock.com is restating its earnings for a five-and-a-half-year period, blaming the move mostly on problems with an Oracle ERP (enterprise resource planning) implementation project that dates back ...
Sony shares sink on earnings revision
Oct. 24, 2008
Investors reacted to Sony's earnings revision by pushing the price of its shares down to levels not seen for 13 years on Friday morning.
Ballmer says Yahoo acquisition won't happen
Nov. 19, 2008
A change at the helm of Yahoo won't revive a Microsoft takeover offer, Microsoft CEO Steve Ballmer said during the company's annual shareholders meeting on Wednesday.
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