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News

  • HP board ousts Apotheker, Whitman in as CEO

    Hewlett-Packard CEO Leo Apotheker has been ousted from his position and replaced by HP director and former eBay CEO Meg Whitman, less than a year after he took the job.

    Written by Chris Kanaracus23 Sept. 11 06:05
  • WSJ: Apotheker ouster from HP CEO job imminent

    Hewlett-Packard CEO Leo Apotheker will likely be removed from his position on Thursday and replaced by HP director and former eBay CEO Meg Whitman, according to a Wall Street Journal report.

    Written by Chris Kanaracus23 Sept. 11 02:40
  • HP confirms layoffs at Palm unit

    HP has started laying off workers associated with last year's billion-dollar acquisition of Palm, as it closes down the mobile device business it planned to base on Palm's webOS. The news comes almost exactly a month after HP announced a sweeping reorganization and refocusing of its business.

    Written by John Cox21 Sept. 11 07:31
  • Groupon's struggle in China no surprise, say analysts

    Groupon's problems in China, including a recent round of staff layoffs, have come as no surprise to analysts, who hold that the company rushed its plans in the country and relied too much on foreign expertise.

    Written by Michael Kan25 Aug. 11 19:47
  • Cisco profit fell one-third in Q4

    Cisco's profit in its fiscal fourth quarter fell about one-third from a year earlier, while its sales increased only 3.3 percent, the company reported on Wednesday.

    Written by Stephen Lawson11 Aug. 11 06:35
  • RIM COO retires as company lays off one-tenth of staff

    Research in Motion will lay off 2,000 staff, or a little more than 10 percent of its workforce, and make changes to its senior management team, it announced Monday. Chief Operating Officer for Blackberry, Don Morrison, will retire, but Co-CEOs Jim Balsillie and Mike Lazaridis will continue to share the CEO role and that of chairman.

    Written by Peter Sayer25 July 11 23:25
  • News Corp. unloads MySpace

    MySpace, which dominated the social-networking market in the mid-2000s before Facebook eclipsed it, has been sold by its parent company News Corp. to digital media company Specific Media.

    Written by Juan Carlos Perez30 June 11 05:34
  • Skype executives depart after Microsoft buyout

    Eight Skype executives have departed the company following Microsoft's $8.5 billion buyout in May, a Skype spokeswoman confirmed on Monday.

    Written by Jeremy Kirk20 June 11 22:08
  • Acer cuts staff in Europe, takes $150 million charge

    Acer is laying off 300 employees in Europe and taking a charge of US$150 million, as the company tries to streamline operations following the departure of CEO Gianfranco Lanci in March after a conflict with the company's management.

    Written by Agam Shah02 June 11 14:03
  • Cloud storage startup Cirtas retreats

    Another cloud storage operation shut down last week when startup Cirtas Systems, which developed a controller for storage in the cloud, announced it was leaving the market to regroup.

    Written by Stephen Lawson22 April 11 06:44
  • Acer to lay off 10 percent of China staff

    Acer, one of the world’s biggest PC makers, will lay off 10 percent of staff in China as its workforce there overlaps with that of local partner Founder Technology, a company spokesman said on Friday.

    Written by Ralph Jennings25 March 11 16:47
  • Report: U.S. panel to recommend reversing Huawei deal

    A U.S. committee that overseas foreign investments will likely recommend that President Barack Obama reverse a deal by Chinese network supplier Huawei to acquire intellectual property from a U.S start-up, according to a report by The Wall Street Journal.

    Written by Michael Kan11 Feb. 11 18:21
  • Recession hit older tech workers harder, labor data shows

    Unemployment rates for older IT workers increased during the recession faster than they did for younger employees, according to new U.S. government labor data obtained by Computerworld. But that's something that Maribeth McIntyre, an IT professional with some 30 years of experience, already suspected.

    Written by Patrick Thibodeau and Sharon Machlis28 Jan. 11 03:59
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