Vendor news

Yahoo's Yang to step down as CEO
Nov. 18, 2008
After a tumultuous year and much searing criticism for his handling of Microsoft's buyout offer, Yahoo CEO Jerry Yang is stepping aside.

Nokia: Handset market will shrink next year
Nov. 14, 2008
Handset makers collectively will sell fewer mobile phones in 2009 than this year, and sales for 2008 will be lower than previously expected, Nokia warned on Friday.

Judge orders IBM to pay $3M to keep Apple exec case going
Nov. 14, 2008
A federal judge has ordered IBM, which is trying to block a former company executive from taking a job with Apple, to provide a $3 million bond by the end of Friday to keep the case going.

Papermaster countersues IBM in effort to join Apple
Nov. 14, 2008
In an effort to sever ties with his former employer, Mark Papermaster has countersued IBM, claiming among other things that Apple and IBM are not significant competitors.

Google shares drop below $300 for first time in three years
Nov. 13, 2008
Google shares fell below $300 for the first time in over three years on Wednesday after a Citigroup analyst warned online advertising growth will slow.

Nortel's business units will need their increased speed
Nov. 13, 2008
As I mentioned last time, Nortel's latest restructuring may be a sign that the company is getting ready to break apart. But is it too late?

NTT DoCoMo to buy stake in Tata Teleservices
Nov. 12, 2008
Japan's NTT DoCoMo is planning to buy a 25% stake in Indian telecommunications company Tata Telesystems and will announce details later today, according to a report in Wednesday's Sankei newspaper.

Where does Nortel go from here?
Nov. 11, 2008
Nortel this week revealed just how precarious a position it is in, announcing layoffs and restructuring in the wake of a staggering $3.4 billion loss in the most recent quarter.

Circuit City Woes Mirror Industry Challenges
Nov. 11, 2008
Circuit City is facing an uncertain future -- and, if recent retail predictions are to be believed, more electronics retailers both online and off may be fearing a similar fate.

Nortel could slash workforce by 10% on Monday
Nov. 07, 2008
Nortel is expected to announce significant job cuts when it reports third quarter results on Monday. That would be on top of the 2,100 jobs that the company said in February it was cutting. http://www.networkworld.com/ ...

Panasonic, Sanyo to start acquisition talks
Nov. 07, 2008
Panasonic will start discussions to take over Sanyo Electric with the aim of reaching a deal by the end of this year, the two Japanese companies said Friday.

Desperate Yahoo screams SOS to Microsoft
Nov. 06, 2008
The banking collapse has seen Karl Marx's stock rise higher than at any point since the 1960s and the old stogie-fancier was on the button again when he wrote that "History repeats itself, first as tragedy, second as ...

Telstra gets new CIO, again
Nov. 06, 2008
Telstra has announced a C-level restructure of its top IT decision makers that will see John McInerney promoted to chief information officer and Tom Lamming to the new role of senior vice president, transformation.

Force10 taps new CEO
Nov. 06, 2008
Force10 Networks found a new CEO this week from its own ranks, promoting its senior VP of worldwide sales to the post on the retirement of Marc Randall.

Dell offers unpaid time off, voluntary separation
Nov. 05, 2008
Dell hopes it can better weather the economic storm by implementing a number of new cost-cutting measures, including an enhanced severance package for employees who voluntarily leave the company.

Cisco sees revenue, earnings hike in Q1; plans hiring freeze
Nov. 05, 2008
Cisco Wednesday recorded a 5% hike in first-quarter earnings on an 8% increase in sales.It also said it plans to institute a hiring freeze as it braces for further economic turmoil.

Apple faces lawsuit over defective PowerBooks
Nov. 05, 2008
A New York man has sued Apple in federal court over flaws in the PowerBook G4 and has asked the judge to grant the case class-action status.

CA well positioned to weather economic storm
Nov. 03, 2008
As the economy continues to dominate national news, industry watchers are scrutinizing earnings announcements from high-tech vendors. Some are on the disappointing side, but others give financial analysts hope that ...

Cisco VAR case signals changes to come
Oct. 31, 2008
Cisco lost a court case this week that signals changes to come in its relationship with resellers that could make it more difficult and potentially more expensive for smaller businesses to buy Cisco products.

Verizon must divest assets in 22 states, says DOJ
Oct. 30, 2008
The US Department of Justice said today that Verizon will have to divest assets in 100 areas covering 22 different states as a precondition to acquiring Alltel Wireless

Storage vendors enjoy strong financials
Oct. 30, 2008
In spite of the financial downturn that is affecting my 401K (now probably a 2K) and my retirement plans, storage companies reported strong financial results. Among the companies reporting financial results are EMC, ...

Fujitsu cuts financial outlook on tough market, strong yen
Oct. 29, 2008
Fujitsu has revised down its full-year financial forecast due to tough conditions in component markets and the strong Japanese yen.

Game-changing week ahead for telecom industry
Oct. 29, 2008
The FCC will tackle several key issues in the telecom industry next week, including the unlicensed use of television white spaces, Verizon's acquisition of Alltel and the merger of Clearwire with Sprint's WiMAX division

F5, Citrix and Riverbed report quarterly results
Oct. 28, 2008
F5 Networks, Citrix Systems and Riverbed Technology last week reported financial results for the three months ended Sept. 30. F5 announced an impressive jump in fourth-quarter profit, tempered by a supply issue that ...

What tech-industry CEOs are saying about the economy
Oct. 27, 2008
Here's the latest word from tech executives about current market conditions and the outlook for the rest of this year.