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The U.S. Justice Department has fined IT consulting services company iGate Mastech Inc $45,000 to settle charges that iGate discriminated against American citizens and Green Card holders in hiring employees.
iGate is a Pittsburgh-based company originally founded by a bunch of Indians.
This is what the U.S. Justice Department had to say about the fine Continue reading »
Among the many mismanaged IT companies in America, Sun Microsystems is perhaps the worst.
Since the dot com bust, this clueless company (co-founded by Vinod Khosla in 1982) has been tottering its way to losses and more losses and significant erosion of shareholder value.
Scott McNealy, he of the Microsoft-baiting fame, just couldn’t fix the company’s woes and had to make way for his pony-tailed successor Jonathan Schwartz.
Now Schwartz finds himself in the same boat. On Thursday, the company reported a loss ($34 million) and fall in revenue (down 0.5% to $3.266 billion) for its fiscal third quarter.
Even as other IT companies like IBM, Continue reading »
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