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  • Tech Stocks Dive 7% in Monday Selloff

    It’s official. The National Bureau of Economics announced the U.S. is in a recession and has been since this time last year.  A new report issued Monday showed manufacturing activity stands at 26-year lows and the jobs report on Friday will likely surge as a result of several recently announced layoffs.  Investors responded to the…

  • Clearwire Slows WiMax Network Development

    NEW YORK (Reuters) – Clearwire Corp may build its high-speed WiMax wireless network more slowly than originally planned if credit markets do not improve by early 2010, Chief Executive Benjamin Wolff said on Monday. Clearwire, whose shares rose 15 percent in Monday’s trading, completed its venture deal with Sprint Nextel and other partners on Friday.…

  • Intel, Hitachi Will Develop Solid-State Drives

    TOKYO (Reuters) – Japanese electronics conglomerate Hitachi Ltd said it and U.S. chipmaker Intel Corp would jointly develop solid state drive (SSD) memory devices, which are seen as a promising alternative to hard disk drives. The move marks a strategic shift for Hitachi, the world’s third-largest hard drive maker, which until now has not made…

  • Fighting the Recession with a Single-Product Focus

    Greg Anderson believes he has the business model for all economic seasons: His company sells a single product. Forget PCs or servers, operating systems or applications. GetConnect, the company Anderson founded three years ago and of which he is president, does nothing but sell and service Adobe Systems‘ Connect Pro Web conferencing and e-learning solution.…

  • Dell Offers Zero Percent Financing on EqualLogic Storage Equipment

    Dell is moving to bolster its channel storage sales—and undercut competition—by offering zero-percent financing on EqualLogic equipment purchased through authorized Dell resellers. "In an economic downturn, customers are under pressure to save money," a Dell spokesperson says. "Dell’s Americas Channel group is offering new and competitive financing and leasing options that partners can offer to…

  • High Unemployment Means Fewer Excuses for Not Filling IT Positions

    If you can’t find qualified applicants to fill vacancies as unemployment rates shoot up, you are doing something wrong. It’s that simple. For years, IT vendors and solution providers have bemoaned the lack of qualified applicants with the right skills to fill vacancies at their companies. During good economic times, when job applicants have more…

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