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Technology sector affected by global crisis

It’s somewhat funny, just a few weeks ago you could read in several news articles, how the tech sector wasn’t going to be affected by the global crisis. The NYtimes reported on the 28th September that...

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Microsoft announces 5,000 jobs to be cut

Companies around the world this week are announcing job cuts, amid announcements of dropping demand from sectors all across the board. Telecom giant Ericsson announced 5,000 jobs to be cut Wednesday as...

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Nokia’s 4th quarter net profit drops

Nokia Corp (NOK), the world’s largest mobile phone maker, reported a huge 69% slump in fourth-quarter net profit on Thursday. The company slashed its dividend for the first time in seven years and...

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Yahoo reports losses of $303.4 million

Yahoo Inc. (YHOO), has reported a loss in the fourth quarter of $303.4 million as the economic downturn hit sales of online ads. The company reported spending about $137 million on severance and...

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PC sales expected to drop dramatically

Technology research group Gartner Inc. said Monday that the worldwide PC industry will experience its sharpest shipment decline in history during 2009 as the global economy continues to deteriorate....

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Recession boosts internet crime by 33 per cent

Crimes on the internet increased by 33 per cent in 2008, says report. According to the Internet Crime Complaint Center, in a report released Monday, the number of complaints filed in 2008 jumped to...

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Nokia profits collapse 90 percent

The mobile phone market has practically collapsed. Nokia reported on Thursday a 90 per cent drop in first-quarter net profits as the global economic crisis takes its toll on demand for cellphones....

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Global semiconductor sales drop 30 per cent

Global chip sales dropped around 30 per cent on the year in March, with sales of $44 billion down from $62.8 billion a year earlier. According to the San Jose, California-based Semiconductor Industry...

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Employees ’Twittering’ at work; productivity suffers

According to a survey conducted by Morse, an IT service provider, approximately three-fifths of the U.K.’s office staff said that they logged in to sites like Twitter and Facebook during office hours....

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