Good news, bad news at HP with profits up and headcount down
Hewlett-Packard has reported fourth-quarter profits, ahead of Wall Street expectations, but soured the news by stating it is to cut 1,100 more jobs than it had previously...
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Bush advisor pours cold water on tech sector recovery hopes
Technology spending is likely to remain suppressed even once the overall economy starts to pick up, according to a senior US advisor to President Bush, quashing the hopes...
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Outsourcing patterns shifting in economic downturn
Companies' desire to retain control over mission-critical or complex IT projects as the economy slows is having an impact on outsourcing decisions, according to a recent ...
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Sun asks industry to back N1
Sun Microsystems will need to seek a little help from its friends to make its ambitious N1 plan succeed, Chief Executive Scott McNealy said on Monday.
The company's N1...
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Cap Gemini to axe 700 UK jobs
Cap Gemini is set to reduce its UK headcount by around 700 as the tech recession hits demand for its services.
The job cuts represent around 10 per cent of the IT serv...
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AMD axes 2,000
Chipmaker Advanced Micro Devices said yesterday that it will cut 2,000 jobs, or 15 per cent of its staff, by the second quarter of next year.
The cuts, which had been ...
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Cable & Wireless axes 3,500 staff
Troubled telecoms giant Cable & Wireless is cutting 3,500 jobs from its loss-making global division, which provides website hosting and telecoms services for companie...
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Capellas leaves HP
HP president Michael Capellas is leaving to "pursue other career opportunities", the company said yesterday.
Capellas has had "late stage" talks in recent weeks with W...
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IT departments left out of outsourcing decisions
Most companies view outsourcing as a good way of cutting costs and don't ask for input from the IT department when making such decisions, according to research released t...
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Logica swoops for CMG in £510m deal
UK IT services firm Logica has bought Anglo-Dutch rival CMG for £510m.
The combined firm, which will be known as LogicaCMG, will be the third largest IT services compa...
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