Is this the shot against coolies that will be heard all over the world? IT workers in the UK cities of Manchester and Skelmersdale (in West Lancashire) have voted to strike over job losses and offshoring of their jobs to India. The workers are said to be members of the Unite trade union and work for […]
One of the craziest and busiest days for shopping in the U.S. is Black Friday (the day after Thanksgiving). It is called Black Friday because legend has it that retailers start to get into the black from that day. While tis’ true that Indians love a great bargain and will haggle you away to death […]
We’ve always been more fascinated with Apple than any other tech company. More than Microsoft and even more than Google, Apple has so inveigled itself into our mindspace that we went and got ourselves an iPhone in July a few months after we purchased a $49 iPod. Maybe because Apple CEO and co-founder Steve Jobs has been […]
The blithering idiots at Sun Microsystems, the sick man of Silicon Valley, have done it again – delivered yet another lousy quarter. Sun today announced preliminary results for its first quarter (of fiscal 2009) ended September 28, 2008 and they are UGLY. Sun expects revenues for the quarter of $2.95 billion to $3.05 billion, compared […]
Here’s the market capitalization of Indian software bellwether Infosys (INFY) and some legendary U.S. firms. Infosys (founded in 1981) – $13.69 billion GM (1908) – $2.77 billion Ford (1903) – $4.5 billion Morgan Stanley (1935) – $10.28 billion Source: Wall Street Journal, Wiki
Citigroup CEO Vikram Pandit has lost the battle for Wachovia’s banking assets and will not come in the way of Wells Fargo acquiring all of Wachovia. It’s of course possible that the U.S. government may have pressured Citi and the Desi butcher Vikram Pandit to shut up or promised Citi some other candy later in exchange […]