Archive for January, 2008

Yahoo! to layoff 1,000 jobs

Posted: January 30, 2008 in Tech

Yahoo announced it would cut 1,000 jobs by February after the sales in the fourth quarter dropped 23 percent.

Yahoo reported that the net income for the last quarter ending December 31 dropped approximately 60 million dollars compared to the same period a year ago, while the operating income fell 38% compared to last year, to $191 million.

Canon reports record profits in 2007

Posted: January 30, 2008 in Tech

Canon Inc. reported a 1.8% rise in its fourth-quarter profit, helped by strong sales across most of its business and geographical divisions.

Canon’s consolidated net income for the fourth quarter rose 1.8% to 127.85 billion yen or $1.12 billion from 125.56 billion yen a year ago. Quarterly net sales increased 3.9% to 1.26 trillion yen or $11.09 billion from 1.22 trillion yen in the previous year.

AMD and Intel apparently have ended up in a much more stable CPU market position that what we have seen in the early parts of 2007. According to IDC, both companies saw their Q4 share in the CPU market remain almost flat over Q3.

The market research firm estimates that microprocessor shipments reached new record levels for the second quarter in a row, growing 8.5% sequentially. Total microprocessor revenue for the quarter was $8.7 billion, said IDC.

IBM brings POWER6 to SMBs

Posted: January 30, 2008 in Tech

IBM announced it is bringing its POWER6 microprocessor-based technology to small and medium-sized customers and delivering new virtualization offerings designed to help those customers consolidate server capacity, save energy and more effectively manage their IT costs.

IBM also introduced a new virtualization platform — PowerVM Express — specially made to enable customers to better manage their IT costs, drive maximum energy efficiency and increase resource utilization. PowerVM provides virtualization solutions for the broadest range of operating systems in the industry, including AIX — IBM’s UNIX operating system, Linux, and i5/OS for System i™ customers.

Greece signed an agreement with Microsoft as they aim to become a player in the IT development market.

Greece invited Microsoft to establish IT development centers in the country to boost their competitiveness in this market.  The agreement was signed on between Microsoft Chairman Bill Gates and Greece’s finance minister.

Bill Gates said: “I am pleased to see the commitment with our partners in Greece. It is this type of innovation, partnerships with universities and close relationships with the government that can help drive things.”

Cisco announced an innovative family of data center-class switching platforms, the Cisco Nexus Series, to meet customer demands for next-generation mission-critical data centers. As the data center transitions to a more services-centric model, the network plays a pivotal role in orchestrating virtual IT resources and scaling workloads. The Cisco Nexus 7000 Series was designed with this environment in mind, delivering the infrastructure chapter of Cisco’s Data Center 3.0 vision.

The announcement features a new data center platform with both hardware and software innovations, including:

–  The Cisco Nexus 7000 Series, the flagship data center-class switching platform combining Ethernet, IP, and storage capabilities across one unified network fabric

–  The Cisco Trusted Security (TrustSec) architecture

–  An advanced operating system, the Cisco Nexus Operating System (NX-OS), and the Cisco Data Center Network Manager

AMD Releases Dual-Processor Graphics Card

Posted: January 30, 2008 in Tech

AMD announced the immediate availability of the ATI Radeon HD 3870 X2 graphics processor, expanding the visual boundaries of PC entertainment well beyond the 1080P High Definition (HD) threshold. The industry’s first graphics processor to break the Teraflop (one trillion floating point operations per second) barrier, the ATI Radeon HD 3870 X2 nearly doubles the performance of the award-winning ATI Radeon HD 3870 introduced in November 2007.

The 55 nanometer process-based ATI Radeon 3870 X2 combines two ATI Radeon HD 3870s on a single graphics board, connected through integrated CrossFire technology. ATI Radeon 3870 X2 is also the first performance-leadership graphics product in the world to support Microsoft’s upcoming DirectX 10.1 technology. The ATI Radeon 3870 X2 delivers a new class of price and performance leadership with unbelievable enthusiast value at a suggested retail price of US $449.

Nokia acquires Trolltech for $153million

Posted: January 30, 2008 in Tech

Mobile phone maker Nokia has announced that they are now acquiring Trolltech ASA.  The deal would be conducted in a cash transaction and is worth around US$153 million.

Trolltech is based in Oslo and provide software and services used in popular web applications like Skype, Google Earth and Adobe Photoshop Elements.