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Chip Industry Revenues Drop By $12 BillionOpen in New Window
"To weather the economic slowdown, Garter said semiconductor companies would have to focus on preserving cash and managing inventory." read more »
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Panasonic forecasts 90 percent drop in profits this yearOpen in New Window
"Citing a 'sharp deteriation' in business conditions, Panasonic has slashed its full-year sales and profits forecasts."The current financial crisis originated in the U.S. has spread across the wo read more »
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Microsoft to drop Xbox 360 UK prices by 30 GBPOpen in New Window
"In a highly anticipated move given that Japan and North America have already been treated to price cuts, Microsoft UK is relieving the burden for British gamers, dropping the basic 60 GB HDD..." read more »
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Bureau of Labor Statistics reports big drop in tech jobsOpen in New Window
According to the Bureau of Labor Statistics of the U.S. Department of Labor for the month of July, as well as its employment statistics comparing July 2007 versus July 2008, IT jobs are getting harder to come by. "Employment in the information industry declined by 13,000 in July and by 44,000 over the past 12 months. Telecommunications lost 5,000 jobs in July," according to the bureau. read more »
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Sun's stock drops sharply after 73% drop in profitOpen in New Window
Michael Hatamoto reports, "A slowing economy has led computer server and software manufacturer Sun Microsystems to post a 73 percent drop in net income for its fourth fiscal quarter. So far in 2008, the company's stock has lost almost half of its value and most recently dropped 13 percent down to $9.24 per share." read more »
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eBay Shares Drop Despite Positive Earnings ReportOpen in New Window
The average selling price for items auctioned on Ebay fell 6% in the second quarter. The result was shares went down by 6.6% in after-hours trading Wednesday. read more »
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Study: IT jobs will drop in 2009Open in New Window
Ephraim Schwartz discusses potential loss of IT jobs as predicted in a survey of top CIOs by Goldman, Sachs & Company that was released last week. read more »
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AT&T May Drop Dish, But Still Has U-verseOpen in New Window
Stacey Higginbotham reports that AT&T has decided not to renew its contract with Dish to resell Dish's television services. She goes on to analyze the reasons - including the upcoming IPTV release and the possibility of negotiating a better contract by creating a bidding war between Dish and DirectTV. read more »
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