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Hitachi is on the verge of posting the biggest loss of a Japanese manufacturing company ever. The Washington Post reports that the company is warning of a record $7.8 billion annual loss for the ... More >
Posting an 18 percent rise in fourth-quarter sales , Amazon is defying the economic downturn. vnunet.com reports that Amazon's sales increased to $6.7 billion during the quarter compared to ... More >
Like so many other vendors looking for ways to cut costs, NEC has announced it will cut its workforce by 20,000 . Reuters reports that the job cuts will take place by March 2010. According ... More >
Following an announcement that fourth-quarter profits slid to $60 million from $63 million a year ago, Citrix says it is beginning a restructuring program that involves consolidating its facilities... More >
A slump in advertising is forcing Time Warner Inc.'s AOL to cut about 700 jobs , or 10 percent of its work force. Reuters reports that most of the job cuts will be in the United States. In a... More >
In a highly secretive deal, Lenovo has agreed to purchase Seattle-based Switchbox Labs Inc. , according to Bloomberg . Not much is known about the acquisition, including how much Lenovo is p... More >
According to The New York Times , both Sony and Toshiba reported fourth quarter losses. Sony's operating loss for the quarter dropped 95 percent from a year earlier. The company announced t... More >
Google plans to eventually allow users to determine whether providers are blocking or slowing Internet traffic , reports Reuters . But that's only the tip of the iceberg. To improve service ... More >
Managed service providers report that this troubled economy isn't hurting their business and, in fact, could be helping it as companies are laser-focued on cutting costs, according to research by A... More >
Bracing for a tough 2009, SAP has announced it will cut 3,000 jobs , according to vnunet.com. CNET News reports that even though the company boasted a gain of 8 percent in revenue year over... More >
Yahoo's fourth-quarter earnings have beat analysts' estimates , reports Bloomberg . While analysts were predicting 17 cents a share, Yahoo managed to pull in 18 cents per share. According to... More >
AT&T joins the numerous companies reporting profit declines in the fourth quarter. According to Reuters , the company's net profit fell to $2.4 billion compared to $3.1 billion a year a... More >
Despite a sharp drop in sales and profits, Texas Instruments still beat Wall Street forecasts . According to internetnews.com , TI's revenues fell to $2.49 billion, which is better than $2.37 billi... More >
One-time restructuring expenses forced EMC's fourth-quarter profit to fall 45 percent , reports The New York Times . Sans the charges, the company did beat Wall Street's estimates. Analysts ... More >
Restructuring costs and soft sales of computer printers and ink sent Lexmark's quarterly profit plummeting 82 percent , according to a Reuters article in The New York Times. The company posted a n... More >
Last week, rumors were swirling that IBM could layoff as many as 16,000 people. While IBM is still remaining silent on the exact number, the Alliance at IBM/CWA Local 1701 is reporting that the c... More >
VMware has beaten analysts' estimates with a 25 percent increase in fourth-quarter revenues , reports vnunet.com . Analysts predicted VMware would generate $512 million, but the virtualizati... More >
In the midst of the recession and numerous reports of layoffs, Verizon actually has some good news to report. The company posted a 15 percent increase in fourth-quarter profit , according to CNNMon... More >
According to Bloomberg , a report by the National Venture Capital Association and PricewaterhouseCoopers LLP shows that venture-capital investment plunged 33 percent in the fourth quarter. ... More >
After reporting its first quarterly loss in almost six years, Royal Philips Electronics is cutting 6,000 jobs and will stop buying back shares, reports Bloomberg . According to EETimes , t... More >
Microsoft will make the Windows 7 beta available for an extra two weeks , reports InformationWeek . The company initially said it would allow 2.5 million downloads, but due to overwhelming i... More >
Xerox turned in just $1 million in profit for the fourth quarter, reports vnunet.com , but still feels that overall results for the year were good. The company puts the blame on restructurin... More >
The rumored delay in Microsoft's Iowa data center has been made official, reports Joseph Tartakoff at the Seattle Post-Intelligencer . Considering the company recently announced its first ... More >
Fourth-quarter revenue from Microsoft's Zune platform fell by 54 percent , or $100 million, compared to a year ago, according to Network World . The Wall Street Journal notes that, accordin... More >
Sprint is cutting 14 percent of its workforce , about 8,000 jobs, in a plan to slash labor costs by $1.2 billion a year, reports Reuters . The savings will go toward paying down its $600 million deb... More >
You could look at AMD's quarterly report as the glass half full or half empty. It cut its net loss to $1.4 billion ($2.34 per share) in the fourth quarter, compared with $1.8 billion ($3.06)... More >
For the first time since it went public, Google posted a decrease in quarterly profit because of a $1.1 billion accounting charge. But earnings of $5.10 a share topped analyst estimates, and in this ... More >
Though it had lined up government aid and other financing, DRAM maker Qimonda has filed a bankruptcy petition in Germany to buy time to reorganize its business, reports Computerworld . The ... More >
Seagate has issued a second fix for a firmware problem that caused some hard drives to fail, reports InformationWeek . Earlier this week, the original fix affecting 500GB models of Barracuda... More >
A Trojan that attacks Macs has been found on copies of iWork '09 available on peer-to-peer sites such as BitTorrent, reports Brian Krebs at The Washington Post . The malware on the pirated... More >
U.S. Computer Emergency Readiness Team (US-CERT) has updated its warning that Microsoft's advice to protect PCs against the fast-spreading Downadup worm is "not fully effective," reports Computer... More >
Just after Microsoft announced it will lay off 5,000 , IBM confirmed it is launching what it calls a "resource action,” according to wral.com . Barron's reports an employee Web site had b... More >
Just after Google announced it is ditching its Print Ads service , a British startup told The Associated Press the company spurned its offer to take over the program to help newspapers sell advert... More >
Apple sales remain buoyant despite the sour economy, with the company beating Wall Street estimates in its first fiscal quarter, reports The San Jose Mercury News . In fact, sales topped $1... More >
Intel plans to close five manufacturing plants and cut up to 6,000 jobs, according to an Associated Press story in the Seattle Post-Ingelligencer. It will close plants producing older tech... More >
The Securities and Exchange Commission will look into Apple’s disclosure of Steve Jobs’ health problems to make sure investors weren’t mislead, reports Bloomberg , citing an unnamed source. T... More >
Though this Fortune piece ran with the subhead that Google's "CEO Eric Schmidt wishes he could rescue newspapers," it ain't happening. The company is ditching its Print Ads service which p... More >
WAN vendor Riverbed Technology will pay $25 million for Mazu Networks , which helps companies manage global applications with its network monitoring and reporting services, reports eWEEK . A... More >
Thank that wacky world of accounting for Ericsson's 31 percent drop in fourth-quarter profit, though it reported an increase in sales. But the bottom line took a hit from restructuring charges and lo... More >
Amid all the gloom-and-doom news of late, IBM reported a surprisingly upbeat quarter and outlook for the year, reports Bloomberg . The company reported a 12 percent gain in net income for t... More >
Qualcomm announced Tuesday it will spend $65 million to buy handheld graphics and multimedia technology that was part of AMD's handheld business, reports EE Times . Qualcomm also agreed to hire th... More >
Fresh on the heels of lodging new charges against Microsoft , the European Commission has been asked to take up a similar complaint against IBM. A small Florida maker of mainframe computers, ... More >
Google's top developer for the Android platform is leaving to become CTO at Coupons.com, reports bizjournals.com . Coupons Inc. CEO Steven R. Boal said Steve Horowitz is being brought in to... More >
IBM has released an on-demand collaboration and communication system called LotusLive that will compete with Microsoft and Google, reports eWEEK . Formerly known as "Bluehouse," the projec... More >
The Inquirer is reporting that AMD will cut 9 percent of its work force and pay will be cut for workers in the United States and Canada. The fate of workers in other countries remains uncle... More >
Samsung announced Friday it will consolidate its four business divisions into two : one focused on consumer products such as cell phones and TVs and the other dedicated to memory chips and displays,... More >
Intel reported a 90 percent drop in its profits for the fourth quarter of 2008 and saw its revenue dip 23 percent. Along with a plunge in sales, the company's profits were hurt from a $1 billion writ... More >
Dell has launched its new Dell Download Store with hopes of attracting small and mid-sized businesses. The store will feature software products from 12 publishers including Microsoft, McAfee and In... More >
We've reported previously that Google is swiftly battening down the hatches , but in addition to cutting contractors, it plans to lay off about 100 recruiters. The Los Angeles Times reports ... More >
It looks like Steve Jobs' health problems are "more complex" than just a hormone imbalance. Bloomberg reports Jobs could be facing surgery to remove his pancreas , prompting him to take a leave of... More >
For the 16th year, IBM led the tech world in patents gained in 2008, and became the first company to acquire more than 4,000 in a single year, reports Reuters . In all, it was granted 4,186 paten... More >
IT Business Edge's Arthur Cole was right to worry about investing in Nortel Networks' newest switch, announced earlier this week. Unable to pay $107-million interest on debts due Thursday, t... More >
InformationWeek reports that Google is set to grow its fan club with the commencement of its reseller program for Google Apps , which will add 50 new resellers. Beginning in March, accepted ... More >
Reports by two metrics companies for December tell the same old story: Google with a big lead over Yahoo, Microsoft and everyone else. Hitwise reported 72.1 percent of all queries were made ... More >
Yesterday we blogged about Google's dispute of a Times of London article claiming that every Google search attributed for 7 grams of carbon dioxide. The Times piece cited research from Harvard ph... More >
AVG Technologies has acquired identity-theft prevention software maker Sana Security for an undisclosed amount, according to ZDNet.co.uk . Sana's products use behavioral technology to identify mal... More >
Brian Radkowski, product manager for Google Chrome, confirmed that the company is trying to release a working version of the Web browser to Mac and Linux customers during the first half of 2009. &nbs... More >
Dell announced Monday it has agreed to a $3.85 million settlement with states over claims that it mislead consumers with its financing and service offers. The Wall Street Journal put the n... More >
According to The New York Times , Dell has dished out $12 million in cash to buy subsidiaries of Allin , a company that specializes in helping customers install and manage Microsoft software in the... More >
Google issued a retort on its Official blog to a Times of London piece where Harvard physicist Alex Wissner-Gross alleges that every two Google searches generates the same amount of carbon dioxid... More >
Demand for the public beta of Windows 7 was so high that Microsoft had to suspend it to add more servers , reports Reuters . The story quotes a Microsoft spokesman as saying: We are adding s... More >
Nokia is the world's top dog when it comes to the global handset market, but the Finnish mobile maker has struggled in the U.S. smartphone landscape, where it trails Research in Motion, Apple and Pal... More >
Intel is ditching its enterprise software SuiteTwo , which debuted two years ago with much-hailed Web 2.0 features, reports Computerworld . Support for the suite will be terminated by the en... More >
Hewlett-Packard is tracking down a power-supply problem in its HP BladeSystem c7000 enclosures that it calls "extremely rare." Nevertheless, it can cause the whole BladeSystem to fail, reports The... More >
Oracle's Critical Patch Update, expected next Tuesday, will address 41 vulnerabilities across "hundreds" of its products, reports Computerworld . Fifteen of those flaws are described as bei... More >
Hewlett-Packard has announced it will put an end to a third-party distributors' sales of its equipment in Iran , reports The Associated Press in a story in the Boston Globe. The Globe repor... More >
The first Patch Tuesday of 2009, which will be pushed out on January 13, will contain just one security update , according to Microsoft . Microsoft has not said which bug it will patch, but ... More >
Handset maker HTC reported fourth quarter revenue of about $1.4 billion, nearly a 22 percent increase from the same period a year ago. It's possible the boost in revenue could be attributed in small ... More >
Cisco has moved way beyond its roots in enterprise networking gear, focusing at the Consumer Electonics Show on networking for the home , dabbling in a new Web site platform and social networking, ... More >
TechCrunch is reporting a bunch of Silicon Valley executives and top investment bankers are cooking up a plan to buy Yahoo with Microsoft money at a 20 percent premium over its $13 stock price. &nbs... More >
At the Consumer Electronics Show in Las Vegas, AMD unveiled two 45nm quad-core Phenom II processors. The Phenom II x4 920 runs at 2.8GHz and the x4 940 runs at 3GHz. The processors are AMD's highest-... More >
Consumers can download a beta version of Windows 7 starting Friday. Robbie Bach, president of entertainment & devices at Microsoft, told Reuters that development of the new operating system i... More >
"This year’s keynote was an epic yawner," writes Mathew Honan on Wired of the Macworld Expo. Without Steve Jobs and with no big product announcements, Wall Street was yawning as well, acco... More >
Lowering its fourth-quarter forecast for a second time, Intel said Wednesday sales were down 23 percent from the period a year ago, reports Bloomberg . In November, the chip maker cut $1 b... More >
Times Online reports that Sony is set to undergo fundamental changes that will alter its long-standing business practices. According to the article, Sony is expected to make major restructuring anno... More >
With the persistent rumors about Steve Jobs health affecting Apple's stock price, the company finally decided to address the issue. The company issued a letter Monday blaming a hormonal imba... More >
The new year is starting off with a whopper of a rumor. CNET News reports that Microsoft is planning to cut 15,000 jobs, 17 percent of its workforce, on January 15. Previous rumors stated Microsoft... More >
According to Web technologist and blogger Niall Kennedy , a Google Reader API might only be a month away. While Google has not officially announced a feed API, Kennedy says Jason Shellen, Project ... More >
Apple's television advertisement claims its family of notebooks are the world's greenest. Some people at Dell, the self-proclaimed greenest technology company, take exception to this. Bob ... More >
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