96 Topics
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The bearish global economic environment just keeps adding pressure to technology stocks. As gross domestic product (GDP) drops in bourses around the globe, tech traders are nervous, at least for the short term. Take Japan. The Land of the Rising Sun is seeing a decline in GDP, falling to the … 
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Boy. What does a tech outfit have to do to get some love on Wall Street? Intel announces a $7 billion effort to upgrade a pair of chip manufacturing centers in the U.S. and Intel’s stock price actually drops by over 3% in Tuesday trading (to $14..44 per share). I’ll … |
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Last week Apple and Microsoft released their fourth quarter MP3 player sales figures, which Apple chooses to call its first quarter for some odd reason, and the numbers were a startling contrast. On one hand you had Microsoft with a 54 percent drop off in sales from the fourth quarter …
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For the last 10 years Google has been on an upward trajectory making gobs of money and astounding us all with there seemingly endless fount of innovation. For a time, there seemed to be a new product announcement every week. Google has always been very savvy about exploiting the news …
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Security experts [URL="http://www.mcafee.com"]McAfee[/URL] confirm what we already know: when the [URL="http://www.daniweb.com/blogs/entry3023.html"]economy starts to hurt[/URL], the purveyors of malware jump in to increase the pain. With the revelation of it's 2009 threat predictions, McAfee looks ahead to a dismal year of continuing cyberthreats. Like I say, with no hint of surprise … |
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Slow day in the markets on Monday, but we’re going to see a lot of 4th quarter financials come out of tech stocks this week, and the viewing, I suspect, won’t be pretty. One piece of news that has come out today is Intel cutting some of its chip prices … |
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I write a great deal about Google mostly because it is always trying new things and putting them out there for free for the world to try. The tools are easy to access and use from wherever you are--any device with a browser and an internet connection--and you can't beat … |
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[I]Instant karma's gonna get you Gonna knock you right on the head ~John Lennon. [/I] It's 2009 and I'm sure the powers that be at Microsoft are hoping it's going to be a good one without any tears, but even as the old year closed, the news kept getting worse …
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This is the time of year for wish lists, so why not make a list of products I would like to see Apple make in 2009. I'm not under any illusions that Apple will actually listen to me, but this is a fun exercise and some of these would be …
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There’s a light trading load on Wall Street this week, with trader’s thoughts turning to visions of sugarplum martinis dancing in their heads. Anything to help forget 2008, right? Although 2009 looks like it won’t be any better. This, from Subir Gokarn, chief economist at Standard & Poor’s, Asia Pacific. … |
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If you're a tech worker that's been recently laid-off, [URL="http://www.alleyinsider.com/2008/12/seeking-laid-off-tech-workers"]Silicon Alley Insider wants to talk to you[/URL]. Beware, though, what they're asking isn't for the faint of heart. The Web site is planning to chronicle the follies and foibles of five people searching for new jobs in the tech sector. …
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No matter which political camp in which you choose to pitch your tent, it's hard to deny that technology is at the heart of President-Elect Barack Obama new plans for the United States. As we learn more about what ideas he has in mind to strengthen the economy and gird …
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I like to follow news about Apple and its products as much as anyone. It's interesting and fun and watching the speculation is a kind of voyeurism, a way to get inside a company that keeps a tight lid on information, but much like baseball trade rumors, which I also …
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Yesterday Adobe announced it would be laying off 600 employees worldwide, which represents, according to published accounts, 8 percent of the workforce. Reports suggested that Adobe was a victim of the overall economic slow down and the lower than expected earnings were due to selling fewer copies of the new …
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Today is Black Friday and people are going a bit insane standing on sidewalks overnight waiting for the the big deal on their desired electronics. Everyone from WalMart to Target to Best Buy to the Apple Store is getting involved. And so are online retailers like Amazon. And to be … |
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Trying, ever so hard, to find some good news amidst the doom and gloom on Wall Street. At least the market went up for a second straight session, with the DJIA up 400 points on Monday trading; that after rising 500 points last Friday. Investors seemed cautiously optimistic about the … |
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Following the [URL="http://www.btplc.com/News/Articles/Showarticle.cfm?ArticleID=27494718-77f6-4cd9-976f-ecc9c13f7559"]publication[/URL] of the second quarter and half year results to September 30, 2008 it seems that BT is to slash some 10,000 jobs before March next year. That is equivalent to some 6 percent of it's global workforce, and I understand that most are likely to be found … |
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[I]In time the Rockies may crumble Gibraltar may tumble They're only made of clay But our love is here to stay ~Ira Gershwin. [/I] These are heady days for Apple and its CEO Steve Jobs. In spite of a world economy that appears to be sliding out of control, and … |
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Rumors are flying this week ahead of Apple's big Mac Book event on Tuesday that it will announce the long rumored sub-$1000 notebook. In fact, my friends at [URL="http://www.tuaw.com/2008/10/09/800-for-a-new-macbook/"]The Unofficial Apple Weblog[/URL] are reporting that someone has gotten their hands on a price sheet ahead of the announcement suggesting that …
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Some good news - rare good news - from the U.S. stock market late today as reports and rumors seem to point to a new U.S. government agency to assume and/or manage bad debts for financial services companies. The new agency, similar to the Resolution Trust Corp of the early … |
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Technology workers are nervous enough without worrying about the health and safety of their investment deposits. While I think what I'm bringing to you now is nine parts hyperbole and one part reality, it makes for an interesting and even frightening discussion. Specifically, are your bank and investment deposits safe? … 
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In Part I of our look at the proposed economic policies of John McCain and Barack Obama, we found that each candidate brings his parties economic idealism to the table, whether that's a good or a bad thing. McCain will be a no-taxes, free-trading, domestic drilling supply sider right out …
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First, the not-so-good news, then on to some encouraging revenue numbers for Motorola. Below I’ve condensed today’s big economic news as reported by the Associated Press, with the second quarter gross domestic product numbers coming in less than expected . . . -- Economic growth clocked in at a 1.9 … |
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The stock market is taking another major hit today after consumer confidence numbers came in well below expectations. The Conference Board, which measures the monthly consumer confidence number, reports that June’s number fell to 50.4%, down from 57% in May. Big investors had been anticipating consumer confidence numbers in the … |
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Oh boy, just when we thought we were out of the woods, high oil prices are pulling us back in again. Oil prices skyrocketed by $7 a barrel today to $135 a barrel, gathering even more momentum after Thursday's big bump-up, and that, unfortunately, is the good news. A new … |
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Taxes, inflation, oil prices – even the price of corn are dominating the economic headlines these days. But should they overshadow the story of the (briefly resurgent) U.S. dollar? I don't think so - and I don't think anyone in the tech sector should sell the dollar story short, either. … |
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There's a lot of pressure on CEO's to keep costs down in a struggling economy. One way they can do that is by outsourcing their IT services to overseas firms, especially to India. Now, this isn't exactly breaking news, but the rate that company's are turning to lower cost outsourcing …
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Kind of a quiet day on Wall Street, with traders wondering if Bank of America's less-than-expected Q1 forecast was a bump on the road to a bull market or a legitimate roadblock. With the market off 35 points in Monday trading (as of 3 PM EST), after rising four percent … |
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With the semiconductor market on the ropes, Intel is doing all it can to stay relevant - financially and globally. To that end, today's news that Intel has "doubled down" on China by rolling out its second venture fund in the burgeoning Far East Tiger. The fund, to be called … |
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Ugh. The tech meltdown turn toward the telecom sector this week, fixing its dark gaze on companies like AT&T, Verizon, and Sprint Nextel, among others. On Thursday, shares of telecommunications companies fell badly from the ongoing fallout amid credit concerns. The carnage was grim and deep. U.S. traded shares of … |
The End.