Recent Articles
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Sony Flips Its Wig with High-Priced Camcorder
Camcorders from Flip have quickly come to dominate the YouTube tribe. It’s easy to see why; some of Flip’s devices retail for as little as $99 and are very easy to use. Of course, Sony wants some of that market and has introduced the HDR-TG5V camcorder, which is Flip sized and almost as easy to…
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Gartner and Forrester Now Forecast 2009 Decline in IT Spending
Market research firms Gartner and Forrester are now forecasting what channel resellers have known for a while – the economy amid the current recession is even gloomier than previously thought. Gartner’s newly revised forecast for 2009 now says that global spending on information technology (IT) will decline by 3.8 percent. The change represents just the…
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Rackable Systems to Acquire SGI for $25M Cash
Data center server and storage vendor Rackable Systems plans to acquire all the assets of once mighty Silicon Graphics for approximately $25 million in cash, Rackable Systems announced Wednesday morning. The announcement coincides with Silicon Graphics filing again for Chapter 11 bankruptcy. Rackable Systems said in a prepared statement announcing the deal that the combined…
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Sun Confirms Another Round of Layoffs
Sun Microsystems confirmed that it has made good on its promised work force reduction plan with another round of layoffs, this time affecting about 1,500 workers. When the server giant announced the work force reduction in November 2008, Sun said it would slash about 6,000 employees at a cost of around $500 million to $600…
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Job Hunters: Available Six-Figure Jobs
According to Channel Insiders layoff tracker, more than 200,000 jobs have been eliminated by IT companies since October. And the bad news keeps rolling in. IBM laid off 5,000 from its global services unit and shifted jobs to India. Sun Microsystems completed its previously announced job cuts by eliminating more than 1,500 jobs. And even…