Recent Articles
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Tech Companies Struggling to Survive
By Caroline Humer and Anupreeta Das – Analysis NEW YORK/SAN FRANCISCO (Reuters) – Technology companies may be the next group swept up in a restructuring wave that began on Wall Street. Purchases of computer hardware, software and services have already been affected by the global credit crisis that has slowed lending, and a…
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Nortel Posts Huge Loss, Sets Further Cost Cuts
By Wojtek Dabrowski TORONTO (Reuters) – Nortel Networks Corp reported a $3.4 billion quarterly loss on Monday and announced a round of sweeping new cost cuts, including 1,300 layoffs, as a global economic downturn erodes its business and strains its balance sheet. The economic downturn also forced Nortel, North America’s biggest maker of telephone gear,…
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Finding Good News in Bad Jobs Numbers
Even for a closet nerd like me, the amount of economic-related data we have been fed over the last few months has been overwhelming. The fact that 95 percent of it is depressing doesn’t help either. That’s why I was tickled to come across this factoid: “According to the US Bureau of Labor Statistics, through…
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Parrish: NetApp Committed to the Channel
Refuting persistent rumors and speculation that NetApp will shake off its solution providers in favor of a direct sales model, newly installed global channel chief Julie Parrish says the storage vendor is committed to growing its channel and working with solution providers to battle competitors head on. “I don’t think [NetApp] would have hired senior…
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Las Vegas Drops Hotel Rates for CES
NEW YORK (Reuters) – Gadget geeks, used to booking hotel rooms way in advance for the annual Las Vegas Consumer Electronics Show, may be one-upped by lazier peers this January. With just two months to go before the January 8-11 show, hotel rooms on the Strip are usually sold out by now. But this…
