global economy

Five Questions for Cisco Systems CEO John Chambers

Arik Hesseldahl in News on May 9 at 7:01 pm PT

Leaner and meaner isn’t always enough. After a company-wide restructuring, growing profits is proving tougher than Cisco CEO John Chambers expected. You know, it don’t come easy.

Worldwide IT Spending Growth Speeds Up, Gartner Says

Arik Hesseldahl in Enterprise on January 6, 2011 at 7:48 am PT

Good news, right? Yes, but it’s complicated by the weakness of the U.S. dollar.

CES Attendance Up

John Paczkowski in News on January 12, 2010 at 6:02 am PT

The International Consumer Electronics Show didn’t break any attendance records this year, but it did post a slight increase in visitors–which is something in a down economy.

The Chips Are Up, Redux

John Paczkowski in News on November 30, 2009 at 4:50 am PT

A bit of good news after the chip industry’s seemingly endless procession of bad. Worldwide sales of semiconductors in October rose 5.1 percent over September, racking up their eighth month of consecutive gains, according to the Semiconductor Industry Association.

Chip Industry Can Put Down the Mylanta Now

John Paczkowski in News on November 5, 2009 at 8:47 am PT

Worldwide chip sales have slipped deep into the mud over the past year and they’ll continue to do so until year’s end. But they’ll begin to improve after that.

Semiconductor Industry Ends Disaster Preparedness Drills

John Paczkowski in News on November 2, 2009 at 10:17 am PT

2009 semiconductor sales are down from 2008 by nearly record amounts, but they’re improving. That’s the latest word from the Semiconductor Industry Association, which said today that global chip sales rose in September from the previous month–the seventh straight month of gains.

Cisco: Expectations Easy to Beat if You Set Them Low Enough

John Paczkowski in News on May 6, 2009 at 2:15 pm PT

Cisco opened its books this afternoon and what they revealed wasn’t exactly pretty: declining profit and slumping sales. Not the sort of performance you hope for in a tech bellwether. But clearly Cisco has been beaten into submission by the econalypse just like everyone else.

Sun Sacks 1,500

John Paczkowski in News on March 30, 2009 at 2:22 pm PT

Looks like Sun is “aligning its business with the global economic climate” again… The company will sack 1,500 employees this week, a company spokesperson confirmed to Digital Daily. The move is part of the restructuring plan Sun announced last November and will affect “all functions, geographies and levels.”

Mark Zuckerberg: Bad Santa

John Paczkowski in News on December 5, 2008 at 7:17 am PT

Facebook’s virtual gift market may turn out to be the best holiday shopping option for employees hoping to cash out some of their shares. On Thursday, the company postponed a program that would have allowed employees to sell up to 20 percent of their vested shares.