by Kathy Sandler, Reporter, The Wall Street Journal
The economic slump has bottomed out and optimism is returning, but it will take some time for business to return to more normal levels, Microsoft Corp. International President Jean-Philippe Courtois said Monday.
Mr. Courtois’s comments echo those of Microsoft Chief Executive Steve Ballmer, who told delegates at a Confederation of British Industry conference Monday that he expects the economy to stay weak and recover only slowly.
There’s lots of talk in the tech industry these days about capitalizing on growth in “emerging markets,” countries like China, Vietnam and Brazil where people are rapidly buying computers and printers.
A story in Monday’s Boston Globe says Hewlett-Packard Co. is taking that strategy one step further: Its printers, writes Farah Stockman, “have become a top seller” in Iran–a country whose economy the U.S. government wants to prevent from emerging.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Cisco, true to its word, began reducing its headcount this week. Drastically. Aaron Rakers, an analyst at Wachovia Capital Markets, noticed that the total number of the company’s job listings has fallen 93 percent in the last week. Rakers isn’t specific about how many of those jobs are in Silicon Valley, but job-listing businesses advertising on the radio in the Bay Area may want to change their recession-defying promises of “thousands of job openings” to “thousands of applicants.”
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
Worldwide server sales rose 12.2 percent, year over year, to 2.3 million units, in the second quarter, declares research firm Gartner (IT) in a note today, while revenue was up 5.7 percent for a total of $13.8 billion.
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