Tuesday, March 24, 2009

IT spending forecasts spiral further downward; Cisco buying Flip video camera maker for $590 million

Economic recession could impact IT spending into 2012, industry watchers warn
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Spotlight Story
IT spending forecasts spiral further downward

Denise Dubie By Denise Dubie
Goldman Sachs, IHS Global Insight predict 2009 IT spending will decline more than previously anticipated in 2009 and don't expect the market to recover fully until 2010 or beyond. Read full story

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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.

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Exchange alternatives: Pros & cons
Clear Choice Test: Microsoft Exchange alternativesTesting shows Microsoft's Exchange still tops for features and management hooks.

App to no good
10 iPhone apps that could get you into troubleA look at the top 10 iPhone apps that could get you into trouble.

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03/24/09

Today's most-read stories:

  1. No business case for IPv6, survey finds
  2. Rootkit to exploit Intel chip flaw to be posted 3/19/09
  3. IBM/Sun deal could benefit Java, says Google's open source chief
  4. Skype for SIP targets business customers
  5. Voluntary separation scheme for Dell's Malaysian staff
  6. Hidden commands
  7. Ukrainian cybercriminals raked in $10K/day, Finjan reports
  8. E-mail evidence in Madoff case includes another scam
  9. Power grid is found susceptible to cyberattack
  10. Tweeted out of a job: "Cisco Fatty" story
  11. Students learn through robot battles


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