US job cuts at Internet companies fell to 2,986 last month -- their lowest level since July of last year, when 2,194 job cuts at dot-com companies were recorded, according to a monthly report by outplacement firm Challenger, Gray and Christmas.
The 17-year-old computer hacker responsible for denial-of-service attacks that crippled several Web sites last year has been sentenced to eight months in a juvenile detention center.
Software maker Oracle today posted first-quarter earnings that beat previous expectations. Revenue, however, was down slightly from a year ago.
US IT workers getting ready to enjoy the Labor Day weekend can celebrate the holiday knowing that they're in a field where demand remains strong despite the sluggish economy -- although that demand may not translate into higher salaries this year.
Shareholders today re-elected the 10-member board of Computer Associates International, defeating the slate proposed by Texas investor Sam Wyly.
Consulting firm Accenture said it is laying off 1,500 workers, or 2 per cent of its global workforce, and extending its voluntary sabbatical program to Europe and Asia.
Struggling business-to-business and supply-chain software vendor i2 Technologies said it's laying off another 10 per cent of its workforce, or 587 workers, in order to become profitable.
Electronic Data Systems (EDS) has cut approximately 400 jobs at A.T. Kearney, its management consulting firm.
Apple Computer is voluntarily recalling 570,000 power adapters that were sold with older PowerBook models because they could overheat, creating a potential fire hazard.
Dot-com layoffs are at their lowest level since last November, while overall job cuts in the US are up 56 per cent, according to reports by outplacement firm Challenger, Gray & Christmas.
NTT DoCoMo, Japan's top wireless carrier, is warning customers of its iMode wireless Internet service about malicious e-mail messages that can use special commands to freeze the screens of their mobile phones, dial an emergency number automatically or make calls to large numbers of people.
Citing a softening demand within the IT industry, Ingram Micro, a global distributor of computer products, will lay off 1,000 workers, or about 6 per cent of its workforce, in an effort to save US$30 million to $40 million annually.
Financially strapped telecommunications giant Lucent Technologies is offering early retirement packages to more than 10,000 US-based employees in order to speed up its restructuring efforts, the company said on Wednesday.
A federal judge in Boston has sent the former CEO of software vendor Lernout & Hauspie Speech Products NV (L&H) back to jail while Belgian officials mull a deal that would allow him to remain free for 10 days before surrendering to them to face fraud, stock-manipulation and other charges.
Citing strong growth in electronics sales, Amazon.com recently announced that its first quarter net loss will be lower than expected.
