Tuesday, January 13, 2009

Cisco: Consumer business to be worth $10 billion in 5 years; FBI/DOJ warns of economic cybergeddon

Layoff news from EMC, Lenovo, Dell
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Spotlight Story

Cisco: Consumer business to be worth $10 billion in 5 years
Cisco wants you to think of its brand when you think consumer electronics. Going against big guns like Apple and Sonos it has been busy pre-briefing journalists about its push into the consumer electronics space, which Cisco CEO John Chambers, said would be worth $10 billion to Cisco in 5 years. Read more.

Related News:

Podcast: 5 Ways Employees can Sabotage Your Network With a poor economy and layoffs looming at a company, the most trusted employees can often turn and become an insider threat. Tim Connelly from Netcordia discusses five different ways that they can attack your network as a way for revenge or even profit (from data theft). (7:36)

FBI/DOJ warns of economic cybergeddon A couple of speeches this week by FBI and Department of Justice executives are warning that if law enforcement and others connected with keeping the Internet a secure and safe place to do business and socialize the world could be headed toward a cyber-based economic meltdown - cybergeddon.

EMC to lay off 2,400 Despite expecting to meet revenue estimates for its fourth quarter, EMC said on Wednesday that it is instituting a restructuring program that includes laying off 2,400 people.

Lenovo to lay off 2,500 staff, cut management pay Amid growing fears that many countries face a long and painful economic recession, Lenovo plans to lay off 2,500 workers, cut the salaries of its executives and restructure its Asian operations in an attempt to weather the downturn, the company said Thursday.

Dell to move manufacturing, lay off 1,900 in Ireland Dell will move its European PC manufacturing operation from Ireland to Poland and lay off workers as it continues its belt-tightening restructuring plan, the company said on Thursday.

Nortel employees speak out: Hopes of becoming multimillionaires dashed The Canadian Broadcasting Corporation (CBC) has produced a documentary about two Nortel employees in Canada - Mark Lavoie and Paul Arbour - and how the specter of job cuts is looming over their heads and how it is affecting their families.

Lenovo buys into Nortel virtual shopping app Nortel this week said it landed PC maker Lenovo as a customer for its virtual world business application.

Billion dollar financial fraud revealed within Satyam, a Cisco collaboration partner The chairman of Satyam, which has a global collaboration with Cisco, admits to several financial fraud irregularities in his resignation letter this week.

Wipro barred from World Bank contracts Indian outsourcer Wipro said Monday that the company was barred from direct contracts from the World Bank, after family and friends of the bank's CIO and other senior executives purchased Wipro shares under a program set up by the company.

US law firms file class-action lawsuits against Satyam Law firms Izard Nobel and Vianale & Vianale have filed class action suits in the US on behalf of those who purchased American Depository Receipts (ADRs) of Indian outsourcer Satyam Computer Services.

Podcast: Could Obama stimulus create 1 million tech jobs? Robert Atkinson, founder and president of the nonprofit Information Technology and Innovation Foundation, a Washington, DC-based technology policy think tank, discusses how the federal government could create 1 million new jobs by investing $30 billion into America's IT infrastructure.

Nearly 1 million jobs could be created by IT stimulus package, think tank says An information technology think tank proposes a $30 billion stimulus plan for the IT industry, saying it would create nearly 1 million jobs.

Apple lacks broad corporate strategy but still sees gains Apple's iPhones and Macs are gaining in the enterprise despite the company's consumer focus.

SolarWinds acquires Kiwi Enterprises SolarWinds acquires New Zealand company to add log management and other capabilities to its network and systems management software suite.

AMD foundry gets U.S. government OK An arm of the U.S. Treasury Department has approved Advanced Micro Devices' plan to create a new foundry company with major investment from the government of Abu Dhabi.

Cisco activates crisis management team as global manufacturing hits new low Cisco has quietly activated a Manufacturing Crisis Management Team as the JPMorgan Global Manufacturing PMI (Purchasing Managers Index) posted its weakest ever reading.

Cisco goes Hollywood with product placements Spot the Cisco product in various Hollywood movies.


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01/13/09

Today's most-read stories:

  1. Why Windows 7 will crush Linux
  2. Web designers admit to trashing client's Web site
  3. Outlook '09
  4. Does Apple have anything to fear from the Palm Pre?
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  6. Top 25 software screw-ups
  7. Palm Pre vs. Apple iPhone: How they stack up
  8. Security experts ID top 25 programming errors
  9. NSA helps name most dangerous programming mistakes
  10. Joel Snyder's take on SolarWinds' Kiwi buy


Effectively Support Wireless Networking
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