Compaq Computer Corp. today announced plans to lay off another 4,000 workers because of continued weak demand for its systems, increasing the total number of jobs that are due to be eliminated this year by the computer vendor to 8,500.
Reacting to last month's antitrust case ruling by the U.S. Court of Appeals in Washington, Microsoft Corp. Wednesday announced immediate changes in its Windows OEM licensing policies that give computer makers -- and, ultimately, corporate users -- more leeway in how they configure desktop versions of the operating system.
NCR Corp. today joined the list of technology vendors issuing warnings about lower-than-expected financial results for the second quarter, disclosing that its profits will likely be almost 40 percent less than earlier projections by analysts because of deferred purchases by some users.
The first two of the seven new top-level domains (TLD) approved for addition to the official Internet domain name system became operational today after the U.S. Department of Commerce gave the go-ahead for them to be activated.
Hewlett-Packard on Wednesday warned that it's becoming "more cautious" about the revenue outlook during its current fiscal quarter, saying a slowdown in IT spending appears to be spreading to other parts of the world beyond the U.S. and Europe.
Dell on Monday disclosed plans to eliminate up to 4,000 more jobs, a cutback move that comes just three months after 1,700 employees were let go in an earlier round of layoffs.
Hewlett-Packard today warned that its financial results will fall below expectations for the third straight quarter and said it plans to implement more cost-cutting actions, including the elimination of up to 3,000 management jobs.
Unisys, citing slow sales of its enterprise servers and weaknesses in its systems integration business, yesterday reported a 35 per cent drop in first-quarter profits and warned that earnings in the current second quarter will likely be just half of what they were in the same period last year.
Networking giant Cisco Systems Inc. Monday warned that revenue in its third fiscal quarter ending this month will be down about 5 percent from the same period a year ago and said it's increasing the number of workers being let go under a layoff plan first disclosed last month.
Storage market leader EMC Corp. today reduced its business outlook for the second time in two months, warning that financial results for the first quarter and the year as a whole will likely be below expectations.
General Electric Co.'s National Broadcasting Co. (NBC) network Monday announced plans to bring its struggling Internet affiliate back in-house, making it the latest in a string of companies that are folding Web-based business units back into their regular operations.
Commerce One Inc. yesterday joined the chorus of B2B software vendors warning about weak financial results, disclosing that an expected first-quarter loss will now likely be three times larger than previously predicted because of a shortfall in revenue.
Struggling business applications vendor Geac Computer disclosed late yesterday that it hasn't been able to find a buyer and is now putting together new cost-cutting plans that will include "a substantial reduction" of its workforce.
Microsoft Corp. Thursday joined the parade of technology vendors warning of lower-than-expected financial results, disclosing that revenue and profits for the quarter that ends this month will likely be as much as 6 percent below plan.
Unisys Thursday announced plans to cut its workforce and de-emphasise some low-margin businesses and products in the wake of a big drop-off in its earnings for the third quarter.