Friday, September 26, 2008

IT-industry on the brink of apocalypse

Storm, the last on financial and stock markets of the world, has not yet ended, and all have already made to count losses. But even without accounting calculations show that big business will no longer be like before. The huge international banks and insurance companies, whose credibility of a couple of weeks ago, is today more like discarded on the shore after the shipwreck wrecks.

IT-industry, we must give her all these disturbing days of feeling relatively well. When the stock markets simply rushilis, "highly technological" NASDAQ index also fell - but not so much. And then faster than others occupy the former position.

But now the computer industry nastaet "moment of truth". Yes, IT-industry is not directly dependent on the oil quotations or, say, the index of business activity in the mortgage market. But the computer and telecommunications companies most of its revenue still get (or rather, received) from corporate customers. Now, U.S. banks to think about how they avoid bankruptcy, not a platform manufacturer to install during a planned upgrade computer fleet. His, this update may have never be ...

Sami IT-companies also remain in the wild feelings. " Well, let's say, Apple has always receives its income from retail and personal gadgets. And what orders to make Oracle?

In the sector of the PC manufacturers panic raised Dell, which actively supported manufacturer of industrial components Ingram Micro. Together they speak out about "reducing global demand for IT-products industry." Indeed, over the past month course Dell shares fell more than 30%. In the most concern argue that the current problems - a direct consequence of the fall in consumer demand for new PCs. Profit Dell already in the II quarter of the current fiscal year decreased by 17% to $ 616 million worst-than-expected results showed America, Western Europe and some Asian countries.

Michael Dell, founder and head of the company, personally stated that the situation demands to reduce costs by $ 3 billion annually. This means that in the near future will need to reduce the nearly 9 thousand employees. Later the same corporation Dell will face another restructuring that will include not only the reduction of jobs, but also investments in infrastructure.

The Corporation Hewlett-Packard, in turn, announced a reduction of 25 thousand of its staff in the next three years. This is 7.5% of the total staff, or a 13th member. The reduction will take place during the process of merging with the company Electronic Data Systems - recall, Hewlett-Packard bought it in May this year for $ 13.25 billion Approximately half of laid-off workers will be from the U.S.. This, for the most part, will staff offices EDS, whose services after the merger with Hewlett-Packard were no longer needed.

The guide HP expects that staff reductions will allow annual savings of approximately $ 1.8 billion According to the director Hewlett-Packard Mark Hurd, the company plans a renewed focus on developing software and providing IT-services.

Dismissals will be held in the company's Nvidia, where 360 people lose their jobs, representing 6.5% of staff. In doing so, staff reductions will affect all divisions and the representation of the company. The restructuring should be completed by October, the company reserved its $ 7-10 million

It is fitting to recall that this summer was found marriage supplied by Nvidia videosystems for notebooks. Corporations had to set aside $ 196 million for the replacement of defective parts and warranty service. As a result, II quarter, Nvidia finished with a loss of $ 121 million now, after the announcement of planned reductions in personnel, Nvidia shares traded cheaper by more than 8%.

"Leaks staff are continuing and Yahoo. However, this Internet company for some strange tradition of leaving almost exclusively by top managers. Thus, in mid-September, it became known that from his post will take Amit Kumar, director of product management. In his area of responsibility was the work of service Search Monkey and projects semantic networks Yahoo. Known and new job Amita Kumar: Vice President startups Dapper. Another top manager, decided to withdraw from Yahoo, was the Director of Public Relations Kirsten Hollars.

Semiconductor industry leaders now make predictions at the beginning of next year. And these forecasts are quite bleak. As a result of economic crisis and glut the market products, silicon industry in the I quarter of 2009 is still not out of the deep peak. At least that is how the experts said bank Credit Suisse. The positive momentum from manufacturers of chips seen only in the II quarter of 2009 th. And to date, investment in the semiconductor industry, compared with the year 2007, decreased by 20-30%.

The crisis in the manufacture of semiconductors is well illustrated by an example of Toshiba. She was forced to reduce annual profit forecast and as a cause of its losses indicates falling semiconductor market in general and in particular the decline in the prices of NAND-memory. It is expected that over the next half Toshiba will lose $ 469 million for comparison: in April Toshiba analysts estimated the profits for that period of $ 141 million

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