In 2010, worldwide IT spending totalled US US$3.4 trillion and this year spending will be US$3.6 trillion, according to a Gartner report titled 'Forecast Alert: IT Spending, Worldwide, 4Q10 Update'.
Federal court papers name a former <a href="http://www.networkworld.com/news/2010/091610-akamai-ipv6.html">Akamai Technologies</a> employee who allegedly revealed insider information to stock traders who were later charged with reaping millions of do...
In a move that will be seen by many as a big win for open-source advocates, a plan to create a consortium led by Microsoft to buy Novell patents has been withdrawn.
Oracle's lawsuit against Rimini Street is not slowing the smaller company's momentum, as it logged its best-ever performance in the fourth quarter, according to an announcement Tuesday.
MySpace is laying off 500 employees, or about 47 per cent of its global staff, as part of a restructuring by the once-leading, now struggling social-networking site.
MySpace will reportedly lay off more than half of its employees on Tuesday as the website scales back its social networking ambitions.
Intel and Nvidia have signed a patent cross-licensing agreement and ended a long-standing legal dispute between the two companies, Intel said Monday.
Advanced Micro Devices on Monday said that Dirk Meyer has resigned from the post of CEO, and that the company is beginning to search for a new chief executive.
Dirk Meyer, CEO and president of AMD, has resigned effectively immediately. AMD's Board of Directors has announced that Senior Vice President and CFO Thomas Seifert will replace him as interim CEO.
Oracle is moving further into rival SAP's turf with Oracle Financial Analytics for SAP, a new BI (business intelligence) application that can crunch ERP (enterprise resource planning) system financial data for insights.
Myspace's China office cut about 30 employees last month and saw its CEO depart, a sign that the U.S.-based social networking service may be pulling back from the country's Internet market.
Longtime Microsoft executive Bob Muglia, president of the company's server and tools business, will step down from his position later this year, according to a Steve Ballmer memo issued Monday to company employees.
Open source software management provider Black Duck Software said Monday it has made its third acquisition in recent months and fourth overall, scooping up consulting firm Olliance Group for an undisclosed sum.
Samsung Electronics, the world's largest memory chip and LCD panel maker, said its sales will likely reach a new all-time high in the fourth quarter, but its operating profit will fall substantially compared to the third quarter.
Oracle is conducting a cloud computing road show that will hit roughly 80 cities around the world, according to its website.
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