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Dec 032008

News coming out of India suggests that 60,000 contract employees at the top IT firms in India have been shown the door. Mumbai newspaper DNA is reporting based on anecdotal evidence and interviews with staffing firms that 60,000 contract workers have received pink slips. That seems like a very high estimate to us given that the same article mentions that the top 25 IT firms in India employ 60,000 contract workers. Here’s an excerpt from the DNA story: Thousands of jobs are vanishing in top-line information technology companies as they try to cope with the economic downturn. According to workers in the […]

Sun Server Revenues Fall 11% – IDC

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Dec 032008
Sun Server Revenues Fall 11% - IDC

Server revenues fell 5.2% year-over-year to $12.6 billion in the third quarter as technology spending slowed around the world, according to market researcher IDC. The third quarter server revenue decline is estimated to be the largest quarterly revenue decline since Q4 of 2002. Although server unit shipments grew 2.8% year-over-year, it was the slowest increase in server shipments since the fourth quarter of 2006. Among the major server vendors, Sun, now in a downward death spiral, showed the sharpest decline with its server revenues down nearly 11% to $1.19 billion. HP and IBM ended the third quarter in a statistical tie with […]