With IBM quietly contributing another 2,800 or so employees to the next Bureau of Labor Statistics Unemployment report, this seems like a fine time to pay respects to those who’ve gone before them. And there are many. In the past six months, thousands of workers have been right-sized and offboarded. Rebalanced and rationalized. “Smartsized.” Sacked. A quick scan of the carnage.
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The stock market’s performance this past year isn’t the only thing that’s charting historic lows. According to preliminary December metrics from Net Applications, the share of the browser market held by Microsoft’s Internet Explorer has slipped below 70 percent.
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Apple may not have yet succumbed to the economic malaise that hangs heavy over consumer tech, but it will soon. According to Goldman Sachs, anyway. This morning Goldman Sachs analyst David Bailey downgraded Apple’s stock to neutral from a buy, claiming the company will suffer when consumers continue to rein in spending next year. Worse, it won’t uncrate a magical new product category at Macworld.
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With the econalypse still playing havoc with global finances, holiday shoppers are behaving pretty much as you’d imagine. They’re spending less–presumably, saving up for that awful rainy day when discretionary income is better spent holding onto their homes than on another Wii game under the Christmas tree.
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Beyond the wet-your-pants whipsawing of the financial markets, the week ending Oct. 17, 2008, was one in which Apple figured prominently. On Tuesday, the company unveiled revisions to its MacBook Pro, MacBook and MacBook Air portables–as well as its new LED Cinema Display. It also issued a Steve Jobs health update: The Apple CEO’s blood pressure is 110/70.
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