Industry News

By Webologist • January 1st, 2009

“If successful, a lawsuit against the New York Times Co. brought by Gatehouse, a chain of local newspapers, could radically change the way information is distributed on the Internet. The suit challenges the widespread practice of reproducing samples of text with links to original published content on other sites.” Source: http://www.ecommercetimes.com/rsstory/65638.html
This seems to amount to [...]

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In the last few weeks we have seen some interesting developments coming from both the Google and Microsoft camps, which could indicate a shift for both companies in their direction, and therefore the future of the internet.
Google has released its first operating system, Android. There are rumours that Google is creating a desktop operating system [...]

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Bank of America has slashed Google’s target price by 23% due to a large reduction in online shopping searches. The credit crunch crisis, and resulting recession, has meant that people are restricting their online spending. Brian Pitz, and analyst for Bank of America in New York advised clients that he was down valuing Google due [...]

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Hot off the press - the Yahoo-Microsoft merger is on the cards again as partnerships are forming. Although there is unlikely to be a complete takeover of Yahoo by Microsoft, the wheels are in motion for Microsoft to have a controlling stake in Yahoo, and to operate its search engine. This means that the Microsoft-Yahoo [...]

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More problems in the computer chip markets as ST Microelectronics NV, Europe’s largest semiconductor maker, said fourth-quarter revenue and gross margin will miss forecasts after a slowdown in demand from the wireless, automotive and computer peripherals industries. The credit crunch is continuing to affect technology stocks and IT hardware manufacturers. It is likely the way [...]

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At first it seemed that there was going to be a shift from advertising on traditional paper media to more online advertising, leading to a more competitive market, and rising advertising revenues of web publishers. However, according to recent reports on Bloomberg, US online newspapers publishers saw a 3% decline in ad revenues over the [...]

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Today the might Sun Microsystems announced that it will be cutting up to 6000 jobs to reduce costs to help counter falling sales. It has been hit hardest with a reduction in sales of servers to the financial sector, and has lost market share to other big computer chip players.
6000 job losses represents 18% of [...]

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As the global banking sector undergoes much change in response to the credit crunch, there have been some interesting new developments, with tech companies acting as lenders to smaller technology start ups, and now online payment companies teaming up with the big players in the retail banking sector.
PayPal, which is now world leader for online [...]

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The round up of the days main headlines from Bloomberg. The creidt crunch appears to be biting deeper and further as more warnings are seen across the whole spectrum of the global technology sector. Communications, hardware, microchips are all suffering.
BT Will Cut 10,000 Jobs This Year; Lower Second-Quarter Earnings Reported BT Group Plc, the [...]

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Intel Corp. is the latest computer chip manufacturer to see a drop in sales and profits. Share price fell by over 7% in European trading after Intel slashed its final quarter sales forecast, confirming that the credit crunch is affecting global technology spending.
Intel’s computer chips run more than three-quarters of the world’s computers. It [...]

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