Stories about: Cabot

When it comes to network security, what you don't know can definitely hurt you.

Randy Carter, CIO at Cabot in Boston, has a daughter and two sons, one of whom was a freshman in college during the dot-com boom, when many parents didn't think twice about urging their school-age kids to get into IT. Carter's son graduated as a computer engineer into the gloomy hiring climate of 2003, made even gloomier by the increasing practice of offshoring, which was taking hold at the time.

Now that new Hewlett-Packard (HP) Chief Executive Officer Mark Hurd has taken the first step in his plan to improve the company's uneven performance in recent quarters, he must decide what kind of company HP will become as it approaches its 70th birthday at the end of this decade.

Hewlett-Packard hopes to save US$1.9 billion a year through a massive reorganization in which it will cut 14,500 jobs, or around 10 percent of its workforce. It will also link sales and marketing efforts more closely to business units, eliminating the Customer Solutions Group which sold to enterprise customers, it said Tuesday.

HP will hold two press conferences this week to discuss the details of its expected restructuring plan.

The job market for CIOs and other high-level IT managers is starting to pick up again from the depths of the dot-com bust, according to a panel of three executive recruiters who spoke at Computerworld's Premier 100 IT Leaders Conference here this week.

The job market for CIOs and other high-level IT managers is starting to pick up again from the depths of the dot-com bust, according to a panel of three executive recruiters who spoke at Computerworld's Premier 100 IT Leaders Conference in Phoenix this week.

For a day when the Nasdaq Composite Index closed down only 74 points, there sure were a lot of queasy stomachs. But what a brutal day it was, nonetheless. The Nasdaq dropped as low as 3649 during trading Tuesday, a drop of almost 14 percent from its Monday closing level of 4223. That put the Nasdaq at its lowest level since December 15.