Archive for January, 2009

Tech layoff parade continues: TI cuts 12 percent of workforce

Texas Instruments is cutting 12 percent of its workforce because the company is #8220;not counting on a near-term economic rebound for improvement.#8221;
TI delivered the latest round of cutbacks#8211;joining companies like Microsoft, Intel and Sprint#8211;as it reported better than expected fourth quarter results. TI said there will be 1,800 layoffs and 1,600 voluntary retirements or departures […]br clear=”both” style=”clear: both;”/
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Netflix bucks trends, beats for Q4

Netflix, considered by some on Wall Street to be recession proof, beat analysts estimates for its fourth quarter, reporting an adjusted net income of $22.7 million, or 38 cents per share, on revenue of $359.6 million. Analysts had been expecting income of 34 cents on revenue of $354 million. Revenue was up 19 percent from […]br clear=”both” style=”clear: both;”/
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VMware’s fourth quarter solid; Better than expected

VMware#8217;s fourth quarter performed well amid the economic meltdown.
The company on Monday reported net income of $111 million, or 29 cents a share, on revenue of $515 million (statement). Excluding items, VMware#8217;s net income was $142 million, or 36 cents a share. Wall Street was expecting earnings of 26 cents a share. In the year […]br clear=”both” style=”clear: both;”/
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Symantec dabbles with cloud app aggregation; Launches beta of GoEverywhere

Symantec on Monday rolled out a beta for GoEverywhere, a online workspace/storage hub that allows anyone to access Web applications.
The security company says GoEverywhere is a product of its business incubator that hunts for new business opportunities.
Thus far demand must be doing ok. After registering for the beta I received the following message:
#8220;After processing you […]br clear=”both” style=”clear: both;”/
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Shop around before you buy Apple’s iLife ‘09

Mark your calendar, fellow Macheads. Apple#8217;s iLife #8216;09 will be released tomorrow.
The upgrades to iLife, of course, was one of the big (YAWN!) announcements during this year#8217;s Macworld keynote speech. That#8217;s where Marketing VP Phil Schiller  - filling in for Steve Jobs - highlighted things like facial recognition technology in iPhoto, advanced drag-and-drop tools in […]br clear=”both” style=”clear: both;”/
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Advertisement: New Trojan Attacks Pirates

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Enterprise search: The target is moving

Lucid Imagination, an open source enterprise search company is looking to compete with established players like Autonomy, Microsoft#8217;s FAST and Endeca, but the target is already shifting.
Paula Rooney highlights Lucid CEO Eric Gries#8217; open source enterprise search plan: Be the Red Hat of enterprise search. Lucid, which just emerged from stealth mode and with $6 […]br clear=”both” style=”clear: both;”/
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Sprint Nextel cuts 8,000 jobs

Sprint Nextel said Monday that it will cut 8,000 positions in a move to save $1.2 billion.
The layoffs, which include 850 positions due to voluntary separation packages, are expected to be completed by March 31. Sprint said that the cuts will #8220;impact all levels of the company,#8221; but largely spare its customer-facing operations since it […]br clear=”both” style=”clear: both;”/
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AMD launches more energy efficient server chips

AMD on Monday delivered latest installment of its 45 nanometer quad-core Opteron line#8211;a high efficiency extension of its flagship server chips.
The company said that five Opteron HE processors are available in servers from HP and Rackable with Dell, Sun and others due later in the first quarter (statement, Techmeme). AMD outlined its plans for high […]br clear=”both” style=”clear: both;”/
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