global recession

News

• 70 per cent of CIOs say GFC effects have passed: IDC

  A survey of some 400 CIOs across the Australia and New Zealand (ANZ) region indicates that while 70 per cent feel the effects of the GFC have passed, an average 2.3 per cent budget increase will take place in these organisations.

• Outsourcer Wipro continues to be affected by recession

  Wipro, India's third-largest outsourcer, said Tuesday that its IT services revenue in U.S. dollar terms had declined by 4 percent to US$1.1 billion in the quarter ended Sept. 30 against the same quarter last year.

• Optimistic outlook from Dell, Intel may signal rebound

  Like the rest of the economy, the tech sector has been in the doldrums for well over a year now. But there are signs that things may be improving. Here are five recent developments that show a tech recovery may be under way.

• IDC: Recession driving down storage spending

  Hard times are driving large enterprises to patch holes in their storage architectures with systems designed for small and medium-sized businesses, one reason enterprise disk storage revenue fell 18.2 percent in the first quarter of this year, according to research company IDC.

• Prep for recession's end now, Gartner tells tech companies

  Leading IT companies and CIOs should start preparing for business growth immediately if they want to avoid falling behind competitors once the recession ends, says Gartner Research.

• HP to axe 850 UK jobs

  HP is set to axe 850 manufacturing jobs in the UK, according to trade union Unite.

• Undersea cable investments to grow despite recession

  A global recession has yet to change carriers' plans to increase their investments in submarine cables over the next two years, according to a new study from research firm TeleGeography.

• Some IT skills see pay hikes during downturn

  Budget dollars may be tight for most companies, but that doesn't mean enterprise IT departments can do without the technology skills, talent and certifications they need to better navigate a down economy.

• Google looks for opportunities in dark days of recession

  While most companies are hunkering down and trying to survive the recession, Google Inc. has other plans.

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  IBM layoffs incite backlash

  IBM's news that it will shed some 5,000 North American jobs and potentially send more positions overseas has stirred up some bad sentiment toward Big Blue as the U.S. economy continues to languish.

• Microsoft to present open-source blueprint for down economy

  Microsoft plans to use this week's Open Source Business Conference (OSBC) to outline its move into the next phase of its open source strategy around building a business model for the down economy, according to company officials.

• Layoffs leave orphaned hardware, unused software licenses

  Pat Beemer, IT director for Seattle Lighting, has a lot of orphaned computer hardware and unused software licenses on his hands -- the result of what he calls "serious" layoffs at the company.

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  Microsoft says economy offers opportunity for govt IT

  At its CIO Summit, Microsoft told government and education IT managers to figure out how to do "more with less" during the economic recession.

• Microsoft has big growth plans even as economy limps

  Microsoft CEO Steve Ballmer told financial analysts Monday that the weak economy and declining PC sales would continue to challenge the company but that Microsoft would focus on growing market share within its seven core businesses.

• Microsoft launches worker training program

  Microsoft has launched a new program with the goal of providing technology training to up to 2 million people in the U.S.