Network World on Twitter Get our tweets and stay plugged in to networking news. Economic downturn not taking the fight out of Microsoft Microsoft last week outlined its intent to stand and fight against a difficult economy with a plan to go after competitors and seize market share in areas like netbooks. Verizon CEO's 2008 compensation tops $20 million Ivan Seidenberg, chairman and CEO of Verizon Communications, took home roughly $20.2 million in compensation - including pay, vested stock and exercised option awards - in 2008, according to documents filed last week with the Securities and Exchange Commission. More news on Cisco layoffs Cisco confirmed layoffs in its San Jose office but employees worldwide have been cut. Nortel announces more layoffs Nortel Networks will further cut its workforce by 3,200 and eliminate bonuses as part of its ongoing bankruptcy reorganization. Were Microsoft layoffs an unnecessary political gesture? Chatter at the water cooler is that Microsoft did a layoff as a political gesture and not out of need, says Microsoft Subnet blogger Mitchell Ashley. Dell records 48% drop in net income Dell's net income dropped 48% for the fourth quarter, the company said Thursday, as it also announced it is increasing its cost-cutting goal to $4 billion by the end of fiscal 2011 as it tries to come to terms with the recession. Versata Enterprises acquires AlterPoint Enterprise software provider Versata Enterprises has acquired AlterPoint, one of the first stand-alone network change and configuration management vendors. Microsoft takes TomTom to court in patent dispute Microsoft on Wednesday filed a lawsuit against TomTom, alleging that the GPS vendor's in-car navigation devices infringe on its patents. Also: Mitchell Ashley: Will Tom-Tom Lawsuit Further Distance Microsoft From Linux Crowd? The claims against Tom-Tom's Linux are direct enough to surely garner the attention of Linux and other open source advocates. Juniper CEO sees IT spending down 15% Overall IT spending is down 10% to 15% from 2008, according to the CEO of Juniper Networks. Server revenue sees big drop in Q4, IDC says Worldwide server revenue saw its biggest quarterly drop in years in the last quarter of 2008 and may not recover until next year, IDC said in a survey released on Wednesday. Also: Server sales went over the cliff in Q4: IDC CCIE count spikes: A new tech boom a-comin'? The number of CCIE's spiked last month, reports Cisco Subnet blogger Brad Reese. Infosys BPO says clients turning to India in recession Faced with the need to cut costs, some of the clients of Indian outsourcer Infosys Technologies are expanding the number of business processes delivered from offshore locations, according to an executive of Infosys BPO. Lenovo cuts 450 jobs in China Lenovo Group will cut 450 jobs in China, expanding efforts to cut costs as the company struggles with sagging PC sales. Gartner: Asia-Pacific IT spending to grow Asia Pacific vertical market IT spending is forecast to grow 2.9 per cent in 2009, according to IT research firm Gartner. This is way above the forecasted worldwide trend for vertical market IT spending which is 0.5 per cent. HP, Hon Hai team up on new Turkey factory HP, the world's largest PC vendor, expanded its partnership with Hon Hai Precision Industries by announcing a new $60 million joint venture PC factory in Turkey. |
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