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Finance IT

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Top Finance IT News
Palm Pixi has received a 75 percent price chop at some retailers, just days after its debut. What’s good news for shoppers, however, may prove an image fiasco for Palm and its Pixi smartphone.

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Dell CFO says the company will be “opportunistic” and offer its Android-running Mini 3 smartphone where it can add value to its consumer business. He also said Dell has considered a netbook with Android, but has made no commitments.
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Dell executives say they expect business sales of Windows 7 PCs to boost sales in the company's fiscal fourth quarter, while reporting that third-quarter revenue fell 54 percent from a year ago. However, one analyst predicts that a PC price war will break out as Dell moves aggressively to take market share away from major competitors such as Hewlett-Packard and Lenovo.
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In order to reduce its operating cost, AOL management is asking for so-called voluntary layoffs. Involuntary layoffs will follow if AOL does not hit its target of reducing its operating budget by $200 million in the first half of 2010.
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An ombudsman with the European Union says the European Commission erred in its investigation of Intel by failing to take minutes of a 2006 meeting with a Dell executive. The EC in May fined Intel $1.45 billion for anticompetitive practices, but Intel is appealing the ruling. Intel executives have characterized the EC as conducting a biased investigation.
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Microsoft and SAP announced that the SAP BusinessObjects Planning and Consolidation application would be "a preferred solution" for Microsoft customers seeking business functionality such as planning, budgeting, and financial forecasting. Both companies will explore ways to accelerate adoption of the SAP application among Microsoft's user base. Microsoft’s focusing on its core products, and divesting itself of some internally created business-intelligence applications, leaves it open to such partnerships.
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Microsoft releases the public beta version of Office 2010, asking for feedback from users ahead of the productivity suite's general release in early 2010. While Microsoft Office has traditionally been a desktop-centered platform, new functionality connects its various applications to the Web in new ways, particularly with the Outlook Social Connector, which allows users to see e-mail senders' LinkedIn connections and activity feeds.
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Laptops from Asus and Toshiba, followed by Sony and Apple, had the lowest failure rates of the nine manufacturers included in a report from Square Trade, a provider of electronics warranties. Hewlett-Packard, which is the world’s largest producer of PCs, came in last.
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A jump in options call trading for 3Com in the hours leading up to HP’s announcement of a $2.7 billion bid for networking company 3Com is prompting SEC regulators to investigate whether there was insider trading, according to Bloomberg. In addition, 3Com faces two shareholder lawsuits from investors who say HP’s offer is too low. HP is hoping to adding 3Com to its networking business to better compete with Cisco.
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Faced with the possibility of coming up short on the necessary shareholder support for its $3 billion bid for Tandberg, Cisco is upping its offer to $3.4 billion. Cisco says the offer is a final one, and has pushed the deadline for getting 90 percent shareholder support to Dec. 1. Cisco said this will be the final offer for the video conferencing company. The video conferencing space is heating up, as illustrated by Logitech’s announcement Nov. 10 that it is buying LifeSize for $405 million.
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IBM is pressing what it sees as an advantage over HP and Sun by cutting prices by as much as 70 percent on memory in its Power systems. The goal is to further tempt customers of Sun’s SPARC systems and HP’s Itanium platform to migrate to IBM’s Power architecture. However, one analyst also said that the Power platform also is competing with less-expensive x86 systems, which are moving deeper into scale-up environments.
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The economic recession is taking its toll on wireline data spending among U.S. businesses, but is expected to rebound in the coming years, a report by In-Stat finds.
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Nvidia is giving attendees at the Supercomputing show a look at the upcoming Tesla GPUs that will be based on the company's CUDA architecture, code-named Fermi. Nvidia is continuing to push GPUs into the general-purpose computing space, an effort begun in 2006 when the company first introduced the CUDA architecture for massively parallel-processing workloads. Chip makers Intel and AMD are now working to integrate more graphics capabilities into their CPUs, and OEMs are beginning to build systems powered by GPUs.
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Outsourcing continues to present advantages to companies looking to streamline and save costs, the CIO of professional-services provider Deloitte LLP insisted during the Global Sourcing Forum and Expo in New York City. While working to dispel some of the myths that have evidently become attached to outsourcing, he also noted arguments about off-shoring being ultimately bad for the U.S. economy. A combination of anemic business spending and possible anti-offshoring government policies could put pressure on traditional offshoring destinations such as India.
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AT&T posted a public note on its site, pointing out a few “key facts” about its coverage. The note comes after AT&T reportedly tried to get Verizon to pull a series of holiday ads that it alleges misrepresent AT&T’s coverage areas.
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