The worst is over for technology spending and the sector is set to rebound this year, according to a new report from Forrester Research.
There's never been a better time to get involved in cybercrime.
Gartner Tuesday released updated worldwide IT spending numbers that show the ongoing economic recession and declining revenues across all major segments of IT drove forecasts down 6% in 2009 to a total of US$3.2 trillion.
Sony reported Thursday a loss for its fiscal year ended March 31, hit by the slowdown of the global economy, the appreciation of the yen, and a decline in the Japanese stock market.
Although Microsoft's next operating system is months away from release, the recession is already having an impact on Windows 7, a survey of 320 corporate administrators said today.
Taiwan's five largest DRAM makers reported massive losses in a slew of earnings reports filed late Thursday evening, raising questions about how much longer some of them can remain afloat without direct government aid.
Google grew its profit and revenue in the first quarter, ended March 31, despite a tough economic environment that is affecting online advertising spending, the company's main revenue engine.
For graphics software giant Adobe, this was a week of forced time off for employees as the firm copes with the fierce economic downturn.
There's not much good news for this year's Silicon Valley 150, a tech-sector portfolio created and tracked by the San Jose Mercury News. Most of the companies on the list suffered stomach-churning losses as the economy tanked last year.
The recession continues to weigh on the worldwide semiconductor industry, which recorded a giant revenue drop in the first quarter of 2009, Gartner said on Wednesday.
Advanced Micro Devices on Friday said it would take further actions, which could include facility closures, to cut costs as it restructures in an effort to return to profitability.
America Online will close a research and development base in Beijing but keep trying to break into China's market amid the sliding global economy.
Along with much of the rest of the economy, the PC industry will be singing the blues this year, with worldwide shipments declining to 275 million units -- or almost 12 percent -- from 2008, according to a new Gartner report.
Expecting the recession to worsen, IDC updated its PC shipment forecast on Thursday, saying shipments would decline further in 2009 before showing a gradual recovery in 2010.
More bad news for advertising-supported Internet and media companies like Google, Yahoo, Facebook and MySpace: IDC is predicting that online ad spending in the U.S. will shrink year-on-year in the first quarter for the first time since the dot-com bu...
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