financial crisis

Sun CEO: Parting Is Such Tweet Sorrow

John Paczkowski in News on February 4, 2010 at 4:30 am PT

Sun CEO Jonathan Schwartz was the first CEO of a Fortune 500 company to put up his own blog. Late Wednesday night, he became the first CEO of a Fortune 500 company to step down from that position via Twitter.

CIOs: The Econalypse Ate Our 2009 Budgets

John Paczkowski in News on June 10, 2009 at 11:30 am PT

No surpises here. The econalypse has sent IT managers scrambling to redraft their already diminished 2009 budgets. About 42 percent of chief information officers have cut their budgets to grapple with the souring economy, according to a new survey by Gartner.

Psyonara, Redux

John Paczkowski in News on May 26, 2009 at 10:51 am PT

Interesting turn of events in the Apple-Psystar spat. The unauthorized Mac clone maker has filed for bankruptcy. Seems Psystar’s acrimonious legal battle with Apple and the souring economy have had a deleterious effect on its finances.

New From Activision: Guitar Hero III–World Recession

John Paczkowski in News on December 12, 2008 at 5:35 am PT

In a month when some 533,000 jobs were lost nationwide, Americans bought an astonishing amount of videogame paraphernalia–$2.91 billion worth, according to market research outfit NPD Group. That’s a 10 percent increase over November 2007. Said NPD analyst Anita Frazier, “With $16 billion realized for the year so far through November, the industry is still on pace to achieve total year revenue of $22 billion in the U.S.”

Oh, Sun's "Preconfigured for the Downturn," All Right …

John Paczkowski in News on October 21, 2008 at 2:32 am PT

“We are preconfigured for the downturn.” Sun CEO Jon Schwartz said that about a week ago. And it appears he was entirely correct. The econaclypse is weighing heavy on Sun Microsystems. It business sullied by the financial crisis, the company warned of a much larger-than-expected quarterly loss on lower revenue after market close Monday afternoon.

Oh, Sun’s “Preconfigured for the Downturn,” All Right …

John Paczkowski in News on October 21, 2008 at 2:32 am PT

“We are preconfigured for the downturn.” Sun CEO Jon Schwartz said that about a week ago. And it appears he was entirely correct. The econaclypse is weighing heavy on Sun Microsystems. It business sullied by the financial crisis, the company warned of a much larger-than-expected quarterly loss on lower revenue after market close Monday afternoon.

Economic Crisis Drives Notebook "Rightsizing"

John Paczkowski in News on October 15, 2008 at 6:30 am PT

At first glance, the growth of the global personal computer market during the third quarter would seem to belie any notion of a vast economic downturn. Despite the financial crisis gripping Wall Street, PC shipments increased 15 percent from the third quarter of 2007 to the third quarter of 2008, according to Gartner.

Economic Crisis Drives Notebook “Rightsizing”

John Paczkowski in News on October 15, 2008 at 6:30 am PT

At first glance, the growth of the global personal computer market during the third quarter would seem to belie any notion of a vast economic downturn. Despite the financial crisis gripping Wall Street, PC shipments increased 15 percent from the third quarter of 2007 to the third quarter of 2008, according to Gartner.