Monday - January 5, 2009
The year-long U.S. recession has started to take its toll on the telecomm sector. AT&T and Verizon shares were hit hard Monday after being downgraded by Bernstein Research. The firm downgraded Verizon from market perform to underperform and AT&T from outperform to market perform. Verizon stock was down 7.16 percent to $32.15 per share and AT&T stock was down 4.35 percent to $28.15 in late-day trading on Monday. Verizon and AT&T shares were down 27 percent and 32.6 percent, respectively, from their 52-week highs.
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Monday - January 5, 2009
Netflix is coming to a high-definition LG Electronics television near you. The two companies on Monday announced an extension of an existing partnership whereby LG will sell Internet-ready TVs capable of streaming content from a catalog of 12,000 Netflix movies. The service is already available on one of LG's Blu-ray disc players.
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Monday - January 5, 2009
Despite the daily onslaught of grim economic news, the need for skilled information technology staff remains stable, according to the Robert Half Technology IT Hiring Index and Skills Report, released earlier this month. Twelve percent of chief information officers polled in the survey said they planned to expand their IT departments in the first quarter of 2009.
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Sunday - January 4, 2009
A little more than a century ago, Chicago boasted 11 daily English-language newspapers. The fierce competition among them, immortalized in the 1928 play "The Front Page," even turned bloody at times, and that drive to outdo one another led to 35 Pulitzer Prizes, journalism's highest honor.
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Saturday - January 3, 2009
Adam Parks is an avid reader of digital books, but you won't find him downloading the 20 or so titles he reads each year onto an electronic book device like Amazon's Kindle. Instead, Parks flips through pages -- Web-site design manuals and Sun Tzu's "The Art of War" are recent favorites -- on his trusted iPhone.
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Friday - January 2, 2009
Growth of the mobile broadband market happens along two major dimensions: subscribers and traffic. Specific growth drivers for both of these categories vary by geographic region, but in general, drivers can be divided into three major categories that are applicable to all the regions: evolution of useful mobile applications, carrier pricing and bundling strategies and replacement use cases for fixed-line broadband.
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Wednesday - December 31, 2008
Dell, the No. 2 PC maker in the U.S., has fired two top executives as part of a major restructuring designed to help close the gap with its largest competitor, HP. Chief Marketing Officer Mark Jarvis has stepped down; President of Global Operations Mike Cannon will retire, effective Jan. 31. Cannon will be replaced by Jeff Clarke, currently head of Dell's business client product group.
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Wednesday - December 31, 2008
Online retail saw a 3 percent year-over-year drop in sales between Nov. 1 and Dec. 23, according to research firm comScore, as economic hardships combined with a calendar that shortened consumers' usual buying period. The decline marked the first dip in online sales since comScore began tracking the figures in 2001.
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Wednesday - December 31, 2008
Legend has it that the inventor of chess was so wise that when the king asked him to name his reward, he replied that he only wanted one grain of wheat for the first square, two grains for the second, four grains for the third, eight grains for the fourth and so on up to the sixty-four squares on the board.
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Tuesday - December 30, 2008
Advanced Micro Devices said Monday that it cut 600 jobs in the third quarter -- 100 more than it indicated in the guidance provided to Wall Street early last fall, according to a filing with the Securities and Exchange Commission. The 100 extra job cuts resulted in $70 million in restructuring costs, rather than the $50 million the struggling chip company said it would take when the cuts were first announced.
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