Her dreams of heading up the World Bank dashed, former Hewlett-Packard CEO Carly Fiorina, the architect of one of the worst tech mergers in history, has turned her attention to California politics. After months of speculation, she officially announced her candidacy for the U.S. Senate today.
As the world’s largest maker of computer chips, Intel is considered a bellwether for the wider industry. So the fact that the company’s latest revenue and profit numbers handily beat expectations is a very good sign indeed.
Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days–mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.
With the Dow near its lowest point in a decade and global PC shipments down for the first time since 2002, according to market research firm IDC, Hewlett-Packard reported fiscal first-quarter earnings today, and though they met Wall Street’s expectations, they were clearly not what the market had been hoping for.
Goldman Sachs published its “Americas: 2009 Software Outlook” report today and it’s as dismal and ugly a forecast as you’d expect, given the current economic climate.
Of course, as ugly as it was, it could have been worse.
As bad as predictions are for global IT spending during the next year, they’re not nearly as bad as what the industry experienced between 2001 and 2003. So when the Semiconductor Industry Association says worldwide sales of semiconductors declined more steeply in November than in October, well, we’ve seen worse, right?
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.
The semiconductor industry is widely considered a bellwether for the tech economy. So when the Semiconductor Industry Association starts sounding alarms over its outlook, it’s probably an opportune time to just stop tracking the tech investments in your stock portfolio. If you haven’t stopped tracking them already, that is.
The government’s $700 bailout of Wall Street, signed into law Friday after weeks of contentious debate, clearly isn’t the panacea for which tech investors, and investors in general, had hoped. Technology stocks stumbled at the opening bell Monday and then fell flat on their faces as investors succumbed once again to the market malaise.
Add Washington Mutual to the list of troubled financial institutions felled by the current economic crisis. The lender was seized by federal regulators on Thursday night and sold to JPMorgan Chase for $1.9 billion in the hopes of preventing further damage to the country’s hard-hit economy.
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. Read more »
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.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
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.
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