Of the 600 financial sector workers surveyed on Wall Street and London’s Canary Wharf who lost or left a job last year, 41 percent admitted to taking confidential company data with them. Exactly half, 50 percent, said they would steal company information if they were fired tomorrow, and 39 percent said they would download it if they felt their job was at risk.

Nearly a third, 28 percent, would use the information to negotiate their next position. The most commonly stolen data: Customer contact lists that could be leveraged at a new job.

Cyber-Ark’s study isn’t the first to uncover such employee sentiments. A similar effort by the Ponemon Institute earlier this year found that close to 60 percent of people who left or lost their jobs in 2008 took company data with them. “I’m not sure that malicious intent and future employment are mutually exclusive,” Larry Ponemon, chairman of the Ponemon Institute, told eWeek at the time.

“Clearly the responses show that obtaining future employment was a significant motivating factor,” Ponemon added, “but when we see a high percentage of individuals who took information knowing full well they were acting in violation of company policy, that hints strongly at the presence of malice.”

Looking ahead, IBM (IBM) expects full-year 2009 earnings of at least $9.85 a share, compared to its previous estimate of $9.70 per share.

“Our long-term strategic shift to higher-value businesses again enabled us to deliver outstanding margin, earnings and cash flow growth in the third quarter,” IBM CEO Sam Palmisano said in an earnings release. “We also saw improved revenue trends in our business and share gains in software and hardware. We continued to invest for growth in areas where clients see potential for value creation including Smarter Planet solutions, cloud computing and advanced business analytics.”

Looking ahead, Palmisano added, “We are optimistic about 2009 as we again raise our full-year expectations and we remain well ahead of pace for our 2010 roadmap of $10 to $11 per share.”

Taken together with Intel’s (INTC) latest earnings, which also beat expectations for revenue and profit, IBM’s report provides more evidence that the tech sector recovery is underway.

For the quarter, Intel (INTC) had been expecting revenue in the range of $8.1 billion to $8.9 billion. Now the company expects revenue to range between $8.8 billion to $9.2 billion. Analysts polled by Thomson Reuters had been forecasting $8.55 billion. Welcome news for tech’s long-suffering investors, which spiked the company’s shares more than four percent to $20.25 in early-morning trading.

Intel is next scheduled to report financials on Oct. 13.

Stupefying.

The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees.

Not at all hard to believe given the news these days. Job cuts through Oct. 31 total 140,422, according to Challenger’s calculations.

That is 31 percent more than the 107,295 cuts announced in all of 2007.

Looks like the tech sector is shooting for a full percentage point increase in unemployment this year.

“In addition to Sun Microsystems’ announcement, Applied Materials and National Semiconductor have announced job cuts in November,” says John Challenger, chief executive officer of Challenger, Gray and Christmas. “By the end of the year, we may also see cuts from Cisco Systems, Qualcomm and Nokia, all of whom are reporting falling sales amid the weakening economy.”

Wonderful. Something to look forward to…sigh….

Challenger’s release in full, after the jump.

Tech Sector Cuts To Reach Highest Level Since 2005
MORE THAN 140,000 TECHNOLOGY CUTS SO FAR

CHICAGO – After a quiet first half of the year, job cuts in the technology sector surged in the third quarter and are on track to reach the highest year-end total since 2003. The latest evidence that the economic downturn has reached the tech sector came this morning with the report that Sun Microsystems will be eliminating 5,000 to 6,000 jobs in a broad restructuring.

Through October 31, job cuts by firms in the telecommunications, electronics and computer industries total 140,422, according to global outplacement consultancy Challenger, Gray & Christmas, Inc., which tracks job-cut announcements daily. That is 31 percent more than the 107,295 tech-sector job cuts announced in all of 2007.

Nearly two-thirds of these job cuts (89,433) have occurred since July. The 69,654 tech-sector job cuts announced in the third quarter were 37 percent more than the 50,989 job cuts announced by technology firms in the entire first half of 2008. The third-quarter total was, in fact, the largest quarterly figure since the fourth quarter of 2003, when technology cuts numbered 82,328.

Computer, electronics and telecommunications firms have already announced 19,779 cuts since the beginning of the fourth quarter. Job cuts in the technology sector are now averaging 22,358 per month in the second half of year, up from a monthly average of 8,498 in the first half. At the current
pace, the year-end total could reach 180,000, which would be the largest annual total since 2003, when technology firms announced 228,325 job cuts.

“In addition to Sun Microsystems’ announcement, Applied Materials and National Semiconductor have announced job cuts in November. By the end of the year, we may also see cuts from Cisco Systems, Qualcomm and Nokia, all of whom are reporting falling sales amid the weakening economy,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

“The tech sector is simply the latest victim in this downturn that began last year with the collapse of the housing market, and quickly spread to the financial markets. Since then, the impact has rippled throughout the economy and job cuts have surged in several industries, including retail, transportation, media, entertainment and leisure, automotive and even health care. Businesses and consumers have slashed their spending and no industry is immune,” he added.

[Image credit: Someecards]

Point taken. Certainly, we’re not going to see the recession inspiring companies to suddenly shutdown their e-commerce operations or disable Salesforce in aid of their longevity. But that doesn’t mean the Grim Reaper of the “Next Economy” isn’t going to sweep this latest crop of Webvans and Scients off into the abyss, and from there into the pages of a 2013 Fast Company article.

That said, take it from Colony: Don’t worry, be happy.

[Image Credit: Sequoia Capital via VentureBeat]