No two recessions are the same, and the shakedown hitting the U.S., indeed the global economy, is very different from the one experienced in 2000—2002. That was a powerful combination of the Silicon Valley getting hit directly from the dot-bomb implosion and the overall U.S. economy shattered by the events on September 11, 2001.
This time, the industries hardest hit are banking and housing, and tech has merely been caught in the blast radius. The lack of credit, draconian decisions by credit card issuers and uncertainty about jobs has people keeping their wallets closed and limiting purchases to the essentials.
Vendors are trying their best to get product moving. The PC sector has taken to cutting prices as much as it can without actually losing money. However, customers are still not motivated. PC sales fell to just 1.1 percent year-over-year growth in the fourth quarter.
So, can the release of Windows 7 get PC sales moving again? Even in prerelease form, Windows 7 has done something remarkable; it's generated real, positive excitement on the blogosphere and Web sites for its stability and performance. There is also some anecdotal evidence that lots of people are willing to buy a Windows 7 machine when it debuts.
The clearest statement came this week from Brian Gladden, chief financial officer of Dell (NASDAQ: DELL), on a conference call with analysts to discuss the firm's fourth quarter and fiscal year.
«We're starting to get pretty excited about Windows 7 and think it will be an important catalyst for growth,» he told analysts on the call.
'Mainstream' Support for XP Ends Today Microsoft will continue to offer limited 'extended' support until 2014.
Microsoft ends so-called "mainstream" support for Windows XP on Tuesday, April 14, 2009.
After that date, the company will provide "extended" support for another five years until April 8, 2014. However, extended support only includes free security fixes along with paid per-incident support as well as support [...]
Microsoft Illegally Tied IE to Windows It's 1997 again. Antitrust violations go back 12 years, according to the Europe's antitrust commissioner. Big bucks are at stake.
[caption id="attachment_105" align="alignleft" width="200" caption="Microsoft Illegally Tied IE to Windows"][/caption]
Remember what a rough time Microsoft had with the European Commission's (EC) competition directorate in 2007 and 2008?
If Microsoft CEO Steve Ballmer thought those days of [...]
Report: IT Salaries Still Rising Developers, IT executives and managers are projected to see the highest salary growth despite the recession, a report from Computer Economics says.
While the economy is hitting technology companies hard, a new report suggests that corporate information technology jobs may be a bit more recession-proof. Computer Economics's 2009 IT Salary Report finds that while salary [...]
Open Source Backers See Downturn Opportunity Prominent open source executives make the case for lower-cost alternatives during the economic crisis.
SAN FRANCISCO -- Most tech suppliers aren't too happy about the state of the economy. Tighter budgets brought on by the crisis generally means less IT spending. Proponents of open software don't dispute the challenge, but they argue the current tough times [...]
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