Sprint has found a novel way to improve its network operations: Turn them over to Ericsson. On Thursday, the wireless carrier announced a long-rumored plan to outsource its network to Ericsson.
EMC has long claimed that its bid for Data Domain is clearly superior to NetApp’s, and today NetApp finally agreed. After market close Wednesday afternoon, NetApp said it has terminated its merger agreement with Data Domain, giving the data storage technology vendor leave to accept EMC’s unsolicited takeover bid–at $33.50 a share cash, an 11 percent premium over its own.
It took Apple and AT&T 74 days to sell the first million iPhones back in 2007. This year it took just three. No wonder AT&T is crowing about first-day sales. In an all-hands memo to employees this week, the carrier, which sold “hundreds of thousands” of iPhones during its pre-order process, said first-day sales of the 3GS were off the charts. The memo, after the jump.
MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
Between 2006 and 2011, IBM expects the number of mobile phone users to increase by 191 percent to approximately one billion. Little wonder then that the company is dedicating more resources to mobile services-related R&D.
The ax has finally swung at MySpace. This morning the AOL of social networks announced plans to sack 30 percent of its workforce. All told, 420 workers will lose their jobs, reducing the size of the company’s staff to 1,000 employees. CEO Owen Van Natta’s all-hands memo, after the jump.
Sirius CEO Mel Karmazin says his decision to forfeit 30 million company stock options is a generous enhancement to the company’s stock incentive plan, one that will help it “attract, motivate and retain key employees.” An altruistic move were it not for the fact that the options had an exercise price of $4.72 per share and Sirius’s stock is trading at about 35 cents.
“We are not like the other companies in the IT industry.” This from IBM CEO Sam Palmisano, who said at an investors meeting in New York City today that the company is weathering the econalypse better than most.
Seagate is defragging its workforce again. The hard drive manufacturer said Wednesday that it plans to sack another 1,100 employees–2.5 percent of its workforce. These in addition to the nearly 3,000 workers it laid off earlier this year.
With smartphones as apt to be running personal productivity apps as business productivity ones, the divide between enterprise devices and their consumer counterparts appears to have finally been bridged. To wit, these comments from Cisco CEO John Chambers, who says the days of the so-called corporate device are ending.
In advance of its shareholder meeting today, Google is holding a press event at its Mountain View, Calif., campus with CEO Eric Schmidt presiding. Also on hand: Dave Drummond, senior vice president of corporate development; Susan Wojcicki, vice president for product management, and Marissa Mayer, vice president, search products and user experience. Hot topics of the day: Google’s and Apple’s interlocking boards, YouTube and the company’s thoughts on the econalypse, AOL and netbooks.
The number of job cuts made during April was the lowest since October. That’s the latest from outplacement services provider Challenger, Gray & Christmas, which said today that “planned workforce reductions” in April were 132,590–12 percent fewer than the more than 150,000 recorded in March. Great news, right? Until you realize that the “planned reductions” to which the company refers were up 47 percent from a year earlier and are still at recession levels.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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