Tag: Economics
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Comment: Don't tie down IT budgets in proprietary software says Simplexo CEO
Companies looking to reduce their overall IT expenditure whilst retaining the ability to roll out high value applications should adopt Open Source software, according to Alistair Handyside, CEO, Simplexo
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Online Shopping in Q4 2008 expected To Rise by 15%
Despite the ongoing downturn in economy, online retailers could expect a bit of relief during the end of the year, if forecasts of a 15 percent rise in online spending by UK shoppers made in a recent study comes true
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Vodafone Plans £1bn-a-year Cost Cutting Exercises
In an attempt to beat the intense competition and current economic turmoil, UK’s mobile phone giant, Vodafone, has announced cost-cutting plans worth GBP 1billion, which could lead to massive job-cuts, in next three years
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Virgin Media To Cull 2200 Jobs by 2012
British Cable company Virgin has announced that it will be eliminating 2,200 jobs in the next three years as part of a restructuring process which should improve the prospects of the company
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US Circuit City Closes Down 155 Stores To Save Cash
US Consumer Electronics company Circuit City has revealed plans to shut down 155 stores across the United States and shunning thousands of jobs as the company looks out to return to profitability
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Doing your b(IT) in a financial crisis
We are in a financial crisis. The signs can no longer be ignored, with politicians finally confessing that recession is imminent and that the situation is likely to get worse before it gets better
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Microsoft Appears To Be Recession Proof As Revenues Rise
Amidst the ongoing credit crunch, the software behemoth Microsoft has managed to report impressive gains in both sales and earnings in its financial results for the first quarter of this year
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Linux Costs USD 10.8 billion To Build Says Linux Foundation
The Linux Foundation has updated the 2001 study of David Wheeler which looks at the approximate cost of developing a typical Linux distribution using a methodology based on the total number of software lines of code (SLOC) present in the distribution
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Six Reasons Why UK Government Shouldn't Give Free PCs To Pupils
When the government steps in to help a particular sector, it is often welcomed with a great amount of relief (as it was the case for the bailing out of British banks) or with suspicion, as it is the case for Monday's announcement that it will fork out a massive GBP300 million to equip up to 150,000 families with IT equipment and broadband.
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Tech Industry Brushes Aside Recession As IT Expenditure Increases
Worldwide Spending on IT and Tech will reach GBP 1.7 trillion in 2008 reckons Industry Analysts Gartner
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