All the week’s IT market news.
Five things Nortel must do to complete comeback, 01/19/07
Its financial restatements concluded and its new management team intact, Nortel still faces some hurdles in completing the turnaround initiated after an accounting scandal three years ago.
Motorola cuts 3,500 jobs as profit drops sharply, 01/19/07
After reporting a 48% plunge in its fourth quarter profit, Motorola said Friday that it will cut 3,500 jobs in an effort to wring greater profits out of fast-rising sales of its wireless handsets.
iPhone may pay Apple over 50% margins: iSuppli, 01/19/07
The Apple iPhone announced earlier this month should pay off handsomely for the company with over 50% gross margins for each version of the music-enabled smart phone, according to market researcher iSuppli.
CSC inks $379 million deal with BlueScope Steel, 01/22/07
Computer Sciences Corp. has signed a four-year, A$480 million ($379.1 million) contract with BlueScope Steel to provide consulting, application development and support, disaster recovery, systems integration and end user services over multiple platforms.
Oracle acquisition strengthens JD Edwards customer base, 01/19/07
The JD Edwards user community is alive and kicking. A few years down the track and it is evident that Oracle’s JD Edwards acquisition has strengthened the brand with the Australian customer base continuing to grow.
Intel to invest in ClickandBuy payment service, 01/18/07
Intel Capital invested an undisclosed amount in Firstgate Holding, owner of hosted online-payment system provider ClickandBuy.
Opti sues Apple, 01/18/07
A Silicon Valley company is suing Apple for using its patented technology in Apple Macintosh computers.
IBM profits rise 11 percent on middleware revenue, 01/18/07
Thanks to a strong jump in revenue generated by its middleware software brands, IBM recorded profits of $3.54 billion for the fourth quarter, a rise of 11.1 percent over the same period in the previous year.
California offers Dunn, former HP execs, plea deals, 01/18/07
The California attorney general has offered to drop felony charges against the four remaining defendants charged in the HP spying case if they plead guilty to one misdemeaner each, according to published reports.
