All the week’s IT market news.
Alcatel-Lucent to shed more jobs after revenue shortfall, 02/09/07
Following a disappointing fourth quarter, Alcatel-Lucent plans to pare an additional 3,500 jobs to the 9,000 cuts previously disclosed last fall.
Management vendors attract VC dollars, 02/09/07
As more IT customers demand easier to use and less costly management tools, venture capitalists continue to invest in network and systems management software makers that promise to monitor enterprise infrastructure without breaking the bank.
JBoss head Fleury quits Red Hat, 02/09/07
Often opinionated, always entertaining, JBoss founder and former CEO Marc Fleury has officially left Red Hat, the Linux distribution vendor that purchased his open source middleware company for $350 million in June 2006.
Vodafone bags majority stake in India’s Hutchison Essar, 02/11/07
British mobile services operator Vodafone Group will acquire a majority stake in Hutchison Essar, winning a heated bid for control of the Indian mobile services operator.
Volpi bolts Cisco, 02/08/07
Mike Volpi, the head of Cisco’s Routing and Service Provider Technology Group, has resigned from the company effective today.
Cisco buys social networking vendor, 02/09/07
Cisco, the biggest vendor in IP networking, is diversifying into social networking.
Capgemini acquires Software Architects, 02/08/07
Capgemini has agreed to acquire the software services company Software Architects to expand its presence in key U.S. cities, the French IT services provider said Thursday.
HP appoints new general counsel, 02/08/07
HP appointed as its new general counsel the lawyer it hired last year to conduct an independent investigation into the spying scandal at the company.
VMware goes public, 02/07/07
Three years after it acquired VMware, EMC on Wednesday announced that it will sell about 10% of its stake in the market-leading x86 server virtualization specialist in an initial public offering.
IBM adds incentives to boost partners’ open source use, 02/07/07
IBM wants to encourage more of its business partners to use its open source, low-end application server and free entry-level database by giving those companies access to IBM sales, marketing and technical expertise at no charge.
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