Microsoft jobs to go as Gates switches off TV
Microsoft is disbanding a 420-man manufacturing division which produces the UltimateTV digital set-top box.
UltimateTV enables users to pause live TV or record one dig...
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First profit in a year for Siemens
Siemens has posted a first quarter net profit after three quarters of losses, following savings made by recent job cuts at its mobile division.
For the first quarter e...
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Verisign axes 100 jobs
Verisign has laid off nearly 100 employees as the company restructures to save costs.
The cuts hit the web security giant's mass market division which manages sales th...
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Government launches £24m industry-university scheme
The UK IT industry will get a £24m shot in the arm from Ecommerce minister Douglas Alexander today in the form of a new scheme to link up with universities.
The money ...
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500 gone at 3Com
Network equipment manufacturer 3Com is cutting another 500 jobs in an attempt to get itself out of the red.
The company lost $47m in its last quarter and shed more tha...
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Intervoice cuts 125 jobs
US ASP InterVoice-Brite has been forced to scale back its domestic and international operations.
The company will cut 102 employees in the US, 23 jobs in its EMEA UK o...
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More bad news from Marconi
Troubled telecoms company Marconi has forecast another year of woe after announcing disappointing results and a further 4,000 job cuts.
The company reported a £130m op...
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Mitsubishi forced to scrap 2,000 jobs
Mitsubishi Electrics has been forced to make 2,000 jobs cuts in its chip making units as demand for semiconductors continues to slide.
The company will reduce its chip...
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Ebusiness sticks with IT while top guns shoot down budgets
Corporate IT budgets are being hit the hardest as the economic downturn bites, while ebusiness and ecommerce ventures are still escaping the worst of the cuts.
Accordi...
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SAP investors get a late Christmas present
ERP giant SAP has told investors its sales for 2001 are going to be better than expected, with 16 per cent growth.
Shares in SAP in London jumped seven per cent on the...
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