Tuesday, February 24, 2009

HP cuts pay, benefits after poor financials;Engineers Not Scientists Will Rescue the Economy-Part 2

Chief Hurd will lose 20% of his base pay as HP slashes employee salaries and benefits to weather the economic storm
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Spotlight Story
Nortel loses bid for Verizon Wireless business

Tim Greene By Tim Greene
Nortel lost out on a key LTE contract with Verizon Wireless, a missed opportunity that will add to the company's revenue challenges as it goes through bankruptcy proceedings. Read full story

Related News:

Engineers Not Scientists Will Rescue the Economy: Part II Sevcik and Wetzel: Our recent blog "Engineers Not Scientists Will Rescue the Economy" roused strong reaction among some Network World readers and within a mailing list of ex-BBN employees who played a major role in making the Internet possible. Some faulted us for pitting engineering against science, which was not our intent. We wanted to point out that given proper resources and encouragement, engineers can jump-start the economy now - while scientists are better positioned to lay groundwork for breakthroughs that will help the economy in the future. The fact is that both science and engineering are needed to understand and positively change the world around us.

Nortel loses bid for Verizon Wireless business Nortel lost out on a key LTE contract with Verizon Wireless, a missed opportunity that will add to the company's revenue challenges as it goes through bankruptcy proceedings.

Sprint posts $1.6 billion Q4 loss, wireless customers fleeing Sprint reported net losses of $1.6 billion for Q4. For the year, Sprint lost $2.8 billion, down from the $29.8 billion it lost in 2007 that was due largely to writing off the Nextel purchase of 2005.

Nortel exec issues vague promise to detail its reorganization Nortel plans to deliver more details within a few weeks about how it plans to get out of bankruptcy, a company official says, which may help placate suppliers nervous about the lack of specifics.

Podcast: Starting a new business in a bad economy With a gloomy economy and layoffs looming at every corner, you might think that now would not be the best time to quit your job and start a new business. But that might be the perfect time to do so, argues author Ed Hess, who talks about some of the steps you should take before you make the leap into starting a new business. (15:17)

Cisco sinks billions into stock repurchases Brad Reese notes that the company has spent billions in this way and wants to know … what's the point?

Apple still has 'ideas' for Mac netbook, says analyst An analyst who met with Apple recently believes the company has "ideas" about producing a Mac netbook, an ultra portable laptop computer.

Mac sales suggest decline for first time in 6 years Investment firm Piper Jaffray released a report earlier this week showing that recent data indicates that Mac sales are declining on a year to year basis for the first time in 6 years.

Storage startup Copan gets $18.5 million investment Investors have poured an additional $18.5 million into Copan Systems, a storage startup that sells cheap disks to reduce the cost of storing copies of data.

Podcast: Preventing downtime with configuration management What causes virtual data center downtime? According to our podcast guest, Rich Miller, CEO of Replicate, most downtime can be attributed to configuration errors in a server or application. (17:35)

Is Cisco short of cash in the U.S.? Cisco Subnet blogger Brad Reese makes the case that offshore cash goes hand-in-hand with overseas outsourcing.

Mr. Warmth, comedian Don Rickles: Are Cisco employees hockey pucks? So, you think you know Brad Reese? Here's a story from his youthful days that is strangely linked to Cisco's latest cost-cutting initiatives.


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02/24/09

Today's most-read stories:

  1. Conflicker worm gets an evil twin
  2. Citrix drops price of hypervisor to zero
  3. Bring in the iPhone clones
  4. Five fantastic open source tools for Windows admins
  5. 9 dirty tricks: Social engineers' favorite pick-up lines
  6. More than half of booted workers steal data on way out
  7. Proposed law might make Wi-Fi users help cops
  8. Lessons from a light socket
  9. A $99,999 keyboard is the best bargain I've seen yet
  10. Forget the Oscars: Sit back for the 404 Awards


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