Editor's note: We will no longer be publishing the IT Market Watch Alert, the last installment will be mailed the week of March 30. Starting April 6 look for our new alert titled: IT Best Practices in your mailbox. We hope you will enjoy this new alert and we thank you for reading Network World newsletters. If you wish to update your newsletter subscriptions, please click here. Cisco buying Flip video camera maker for $590 million Cisco Thursday announced its intent to acquire privately held Pure Digital Technologies, creator of the Flip video camcorder for consumers, for $590 million in stock. Slideshow: CEO payday breakdown A detailed account of how much tech chiefs made in 2008. Palm revenues plunge as Pre's launch draws near Palm reported a continued steep decline in its smartphone revenues for the quarter ending Feb. 27, as it nears the launch of the anticipated Palm Pre with Sprint. IBM's workforce in U.S. declines in '08 but grows overseas The number of workers that IBM employs in the U.S. declined by about 5% last year, but the company's overall headcount is increasing because of overseas hiring. Cisco's data center assault spurs M&A talk Investment firm USB lists other companies that may follow in IBM and Sun's footsteps in an attempt to stand up to increased competition in the data center. Outsourcing prices falling, buyers getting savvier Outsourcing prices will drop in the coming months, industry watchers speculate. Plus: Advice for making the most out of outsourced IT services. CEO Pay: Ballmer is a saint compared to others Given the economic hard times and the fact that Microsoft had some pretty spectacular fiscal achievements in 2008, Steve Ballmer's pay for the year was reasonable, almost saintly (compared to the greed of other tech execs). E-health records not enough, experts say If the $19 billion for health IT in a recently passed U.S. economic stimulus package goes only to driving up adoption of electronic health records, the U.S. healthcare system will not improve, some medical experts said Friday. Despite downturn, tech startups see opportunity in China There's no guarantee the ongoing global economic downturn won't get worse before things start to get better. But some entrepreneurs who've set up shop in China see plenty of potential for growth and say the current environment actually helps them by reducing costs and weeding out would-be competitors. Oracle license sales fall in Q3 Oracle on Wednesday said its third-quarter revenues were $5.45 billion, a 2 percent hike, but net income fell 1 percent to $1.3 billion. Microsoft cites design updates as economic booster Rather than being a time for retreat, the current tough economy presents an opportunity for designers to shine, a Microsoft official stressed Wednesday at the company's Mix09 conference for software designers and ... Users and analysts consider results of IBM, Sun merger A possible IBM acquisition of Sun might have its good points. But users and analysts also have concerns that can be summed up in two words: uncertainty and fear. Cell-phone use expected to decline as recession drags on A new survey shows that millions of Americans are expected to cut back on cell phone spending, assuming the economic downturn continues. 4 Steps to the Security Industry's Economic Survival Everyone is focused on clinging to a job or finding a new one in these dark economic times. In doing so, avoiding controversy and risk is usually standard operating procedure. But it shouldn't be, according to several security industry heavyweights who attended the recent SOURCE Boston conference. China's Alibaba says profit down but growth firm Chinese e-commerce site Alibaba.com reported a fall in fourth-quarter net profit as the company raised sales and marketing costs to maintain growth in the economic downturn. Losses at FCUK, but e-commerce growing Fashion retailer French Connection has reported a loss in what its chairman described as a disappointing year end results. The British company did report though that its investments in e-commerce are seeing a return and increasing usage. Satyam asks for second extension to file quarterly results Ailing Satyam Computer Services has asked Indian stock exchanges to extend to June 30 the deadline for filing the company's results for the fourth quarter of last year. Nokia plans another 1,700 layoffs worldwide Nokia says it will cut another 1,700 workers as smartphone demand continues to fall. Network World on Twitter Get our tweets and stay plugged in to networking news. |
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