Articles from Patrick Thibodeau
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IDC is predicting a growth rate of 6% in IT spending in the U.S. this year, an amount that's virtually unchanged from last year.
The market research firm blamed a number of economic uncertainties for this flat spending increase, including the the fiscal cliff, the potential for a GDP contraction and the ongoing problems in Europe.
The growth rate might be "slightly higher" if not for the sequester, but the IDC doesn't say how much higher because of other uncertainties, according to Natasha Menon, an analyst in IDC's Global Technology and Industry Research Organization.(Read Full Article)
Big data is becoming an engine of job creation as businesses discover ways to turn data into revenue, according to research firm Gartner.
There were a lot of reasons for Gartner researchers to give a gloomy economic outlook at its Symposium/ITxpo conference here, especially after the latest round of quarterly reports from Intel, IBM and others. But the picture painted by Peter Sondergaard, Gartner's head of research, was upbeat in a surprising way.
Gartner isn't revising its global IT growth forecast significantly, which remains down from the initial expectations for this year. But Garter's relatively flat ...(Read Full Article)
CIOs are being predicably cautious with IT budgets for next year, and are focusing on increasing use of cloud technologies and offshore outsourcing, according IR execs surveyed by the Society for Information Management.(Read Full Article)
Hewlett-Packard has had some bad quarters in its 73 years, but perhaps none as bad as its latest -- when it reported a loss of $8.9 billionon sales that fell 5% to $29.7 billion.
The poor third-quarter results produced little drama on Wall Street, because CEO Meg Whitman had prepared investors for a disappointing performance by launching a massive corporate restructuring earlier this year.
In March, HP said that it would be combining its PC and printer businesses; in May, it announced plans to cut 27,000 jobs; and early last month, the company took an $8 billion ...(Read Full Article)
Hewlett-Packard's layoff just got a little bigger. The company, in a U.S. Security and Exchange filing, said it will eliminate 29,000 positions, an increase of 2,000.
Major changes were announced beginning last March, when the firm said it was consolidating its personal computer and printing businesses.
About a year ago, Xerox told some 600 employees, many of them engineers, that their jobs were being transferred to an India-based IT services firm. How has that worked out?
HCL, in response to the recent layoffs, said by email that last month "it had eliminated some engineering services positions that were held by former Xerox employees who were transferred to HCL America about a year ago. It is a very small number compared to our overall U.S. employee base of about 8,000 and our nearly 90,000 global employees."
As Meg Whitman, HP's CEO, took the stage at the recent HP Discover conference, the thousands sitting in the cavernous hall applauded politely -- and then stopped.(Read Full Article)
- AT the HP Discover user conference today, HP CEO Meg Whitman assured the audience that planned layoffs won't affect the company's overall resilience. But users remain concerned. (Read Full Article)
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