Recent Articles
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Toshiba Sees H1 Loss on Chips, Slashes Outlook
By Mayumi Negishi TOKYO, Sept 19 (Reuters) – Japan’s Toshiba Corp (6502.T) said it now expects to post an operating loss in the first half and slashed its full-year forecast to below market expectations due to a weak semiconductor market. The microchip industry is beset by falling prices and excess capacity. Sliding prices in NAND…
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Wachovia Downgrades IT Offshore Outsourcing Sector
Sept 19 (Reuters) – Wachovia Capital Markets downgraded IT offshore outsourcing sector to "market weight" from "overweight," citing the recent chaos among major financial service providers. Financial service providers — a key source of business for the IT offshore outsourcing sector — is expected to cut back further on IT spending in 2008 and 2009,…
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Cisco, VMware Switch Up Virtual Server Networking
Having trouble networking and securing virtual machines? You won’t have to wait long before a new technology is available that solves that problem. VMware and Cisco Systems announced a jointly developed Cisco Nexus 1000V, a software switch designed to make easy work of networking, manage and secure virtual machines. The software switch, announced…
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HP Software Reorganization Shuffles Executive Ranks
In the wake of news that it would lay off nearly 25,000 employees following the closed acquisition of EDS, Hewlett-Packard is now in the process of reorganizing and consolidating its software and consulting and integration unit. According to an internal memo obtained by Channel Insider, HP will announce next week a merger of HP Software…
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Dell, Ingram Micro Fuel Worries about Tech Spending
By Franklin Paul and Tiffany Wu NEW YORK (Reuters) – Two of the biggest computer vendors, Dell Inc (DELL) and Ingram Micro Inc (IM), warned on Tuesday that demand was weakening, adding to worries that the crisis on Wall Street would hurt corporate and consumer spending. While neither company mentioned the financial sector specifically, they…
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HP to Cut 24,600 Jobs
By Eric Auchard SAN FRANCISCO (Reuters) – Hewlett-Packard Co (HPQ) plans to cut 7.5 percent of its work force, or 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp, the company said on Monday. HP said it would carry out the cutbacks over the next three years, while replacing…