tech sector

Sorry, Confidential Corporate Data Are Not Part of Your Severance

John Paczkowski in News on November 24, 2009 at 6:30 am PT

Here’s a data point to consider amid the tech sector’s continuing job cuts. According to a new study by Cyber-Ark, many employees leaving their jobs aren’t above adding a little something to their separation packages: Confidential corporate data.

IBM Beats Forecasts

John Paczkowski in News on October 15, 2009 at 2:37 pm PT

IBM continues to be one of the econalypse’s success stories. This afternoon, the company beat analyst expectations, posting a third-quarter profit of $3.2 billion, or $2.40 a share, on revenue of $23.6 billion. Net income was $3.2 billion, up 14 percent from year-ago earnings of $2.8 billion.

Intel Raises Outlook

John Paczkowski in News on August 28, 2009 at 6:39 am PT

Intel is a bellwether for the tech sector; as goes Intel, so goes the industry. So, if the company raises its third-quarter revenue forecast because of stronger-than-expected demand for its microprocessors and chipsets, as it did today, then the industry may truly be stabilizing.

Voices

One Tech Stock Outlook

Dave Kansas, editor-at-large, FiLife.com in News on April 15, 2009 at 11:27 am PT

Intel reported stronger-than-expected earnings and said that it believed the slumping computer sales market had “bottomed out.” Wall Street’s response: Sell ‘em. The chip giant’s shares are off four percent, dragging on the Nasdaq Composite and raising some questions about the tech sector generally. This bout of pessimism is probably a bit overdone and reflects more what’s happened in the past few months than what happened yesterday.

Tech Sector to Release 180,000 Workers Into Wild: The Challenger Release in Its Entirety

John Paczkowski in News on November 14, 2008 at 1:29 pm PT

Stupefying. The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees.

Forrester CEO: Here's a Little Song I Wrote …

John Paczkowski in News on October 27, 2008 at 11:09 am PT

Wonderful news. The recession’s impact on the tech sector will not be nearly as pronounced as its predecessor’s, which turned Webvan’s refrigerated Freightliner trucks into hipster moving vans and made the Pets.com mascot piddle itself into oblivion like a submissive puppy. That’s the word from Forrester Research CEO George Colony, who believes the current downturn will be far kinder to tech than the one that heralded The Great Dark Time of 2001-2003.

Forrester CEO: Here’s a Little Song I Wrote …

John Paczkowski in News on October 27, 2008 at 11:09 am PT

Wonderful news. The recession’s impact on the tech sector will not be nearly as pronounced as its predecessor’s, which turned Webvan’s refrigerated Freightliner trucks into hipster moving vans and made the Pets.com mascot piddle itself into oblivion like a submissive puppy. That’s the word from Forrester Research CEO George Colony, who believes the current downturn will be far kinder to tech than the one that heralded The Great Dark Time of 2001-2003.