The Economic Crisis is now going across industries

A pretty sad report from the NY times. 75.000 job losses were announced in the US on Monday. It is hitting manufacturing, retail, telecommunications as well as Finance. IT is also hard hit with recent IBM, Microsoft, Intel and other firm announcements.
http://www.nytimes.com/2009/01/27/business/economy/27layoffs.html?_r=1&th&emc=th
Categories: US

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27. January 2009 02:56 by Phil | Comments (0) | Permalink

Verizon - Will they play in the Infrastructure Services game

I had a very interesting briefing at Verizon Business last week. I have been very cynical about the ability to get a telco to operate successfully as an IT Services provider. I still am. However Verizon is having ago at it, they have current strengths in security and of course a network globally that is a benchmark.
I personally think that they can have the potential to threaten but will need to acquire to do so. This is something that they would not be afraid to do. If they were to look at the likes of CSC, grab the methodology and accounts, it could set them up as a genuine threat to IBM and HP. It may come out of left field, but it is something to watch out for.

Categories: Global

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27. January 2009 02:30 by Phil | Comments (0) | Permalink

Nortel Hits Bankruptcy

I have been predicting this for some time now, not surprisingly Nortel has gone into bankruptcy, and is the first major IT company to do so, although it is not really true to say it is a direct result of the current circumstance, rather an ongoing issue, not helped by the current economic environment

Categories: Vendors

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14. January 2009 14:48 by Phil | Comments (0) | Permalink

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