Articles about economic downturn

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Forrester calls time on IT downturn

Forrester Research today upped its forecasts for spending on IT wares this year, thanks in large part to a slightly faster recovery in the United States than the market prognosticators expected when they did their initial projections back in January. At the time, Forrester called an "unofficial" end to the technology downturn …
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IT spending to rise in 2010, says Gartner

Like its peers in the IT market research community, Gartner has been polishing its crystal balls for the past few months, hoping to predict what global IT spending will look like in 2010. The answer is up from 2009's levels, but this may have a lot to do with the currency effects of translating global sales into U.S. dollars. A …
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HP sweet talks the hand that feeds IT

These days, no IT vendor seems to be capable of doing a plain, old-fashioned product launch. And now, with Hewlett-Packard owning Electronic Data Systems and giving IBM a run for the product and services money in the data centers of the world, it seems like everything has to have a services angle. Hardware gets cheaper and …
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Adobe expects disappointing Q1 sales

Adobe Systems warned late yesterday that its first quarter revenue would undershoot analyst expectations but added earnings would meet the company’s forecasts. The software maker said in a prelim statement that it now expects to see revenue of $783m to $786m for Q1. It had originally targeted $800m to $850m in sales for the …
Kelly Fiveash, 5 Mar 2009
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Forrester crystal ball conjures 2009 IT spending shrinkage

The prognosticators at IT consultancy Forrester Research have polished up their crystal balls and cranked up their spreadsheets, announcing some some bad - but not unexpected - news for the tech sector. As far as Forrester can tell, global IT revenues across hardware, software, and services will fall by 3 per cent, to $1.66 …
The Register breaking news

Meltdown burns electronic design sales

The trade group that follows the electronic design automation (EDA) industry says that revenues among the key industry players have continued to slide through 2008. As you might expect. But ironically - and thankfully, if you happen to work in this field - jobs have held up, at least on the global basis in which the EDA …
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IBMers hear sound of axe being sharpened

The rumor mill, being stoked by IBM employees talking on a pro-union web site, has it that Big Blue is getting ready to lay off up to 16,000 employees, or about four per cent of its 400,000-strong global workforce, thanks to the slowing of the economies in the United States and Western Europe. As usual, the Alliance@IBM, which …
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Carphone puts £60m tag on Best Buy Europe project

Carphone Warehouse has lifted the lid on how much its cooperative deal with Best Buy is going to cost, along with a trading report on how well the year is going for it so far. CEO Charles Dunstone reckons everything's peachy this year, with subscribed mobile connections up 21 per cent and two million broadband customers now …
Bill Ray, 14 Oct 2008
Morse

Morse suffers blip amid economic turbulence

The economic downturn has hit Morse Plc with a vengeance, the service provider's full year figures show today. In what the firm admitted was a “disappointing year”, revenues slipped 1.25 per cent to £253.3m in the year ending June 30. However, after last year’s pre-tax profit of £3.8m, the firm sank to a £2.3m loss in the …
Joe Fay, 9 Sep 2008
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Economic downturn pushes up Q2 PC shipments

Global PC shipments rose faster than expected in the second quarter, buoyed by strong demand in emerging markets and price drops in the US and Western Europe, according to analysts. Research firm Gartner, which had predicted 11.2 per cent growth for Q2, said worldwide computer shipments increased 16 per cent from the same …
Kelly Fiveash, 17 Jul 2008
The Register breaking news

America.com auction fails to hit cash target

America.com, assumed to be one of the web's most valuble addresses, has disappointed its owner by failing to sell at auction, prompting fears that the property slump has spread to digital real estate. Bidding last week reached only $1.71m, millions short of the seller's expectations. Prior to the auction some in the domain …
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Lenovo undershoots Wall St as US disappoints

Lenovo today posted fourth quarter results that fell short of analyst forecasts, despite doubling its earnings and seeing strong sales in China and Europe. The Beijing-based firm, which is the world’s fourth biggest PC maker, was hampered by disappointing notebook sales in the economically gloomy US. Total revenues at the …
Kelly Fiveash, 22 May 2008

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