HP Exec Busted for Passing IBM Secrets

(NEWSER) - Intel has rolled out a new chip for servers that will more than double the effectiveness of systems but consume no extra power, the Wall Street Journal reports. The Xeon 5500 excels at “virtualization,” allowing multiple operating systems and applications to run on one server—which Intel hopes will attract buyers in a recession. “The Xeon 5500 becomes a cash machine for IT,” an Intel exec said. More»

Google remains below $300

(NEWSER) - Withering tech stocks tugged the broader market down today, the Wall Street Journal reports. Hewlett-Packard fell 4.6% while IBM closed down 2.9%, Cisco dropped 3.95% and Google 5.9%—after that stock closed below $300 on Friday for the first time since January. The Dow fell 79.89 to 6,547.05. The Nasdaq lost 25.21, closing at 1,268.64, while the S&P 500 shed 6.85 to settle at 676.53. More»

Financials do better on reports of that nationalization will be gentle

(NEWSER) - Stocks fell today as concerns about waning global demand sank shares of giants like IBM, Hewlett-Packard, General Electric, and Alcoa, the Wall Street Journal reports. Citigroup bucked the trend on reports that a government takeover wouldn’t wipe out shareholders, and rose 11%. The Dow fell 250.89 to 7,114.78. The Nasdaq lost 53.51 to close at 1,387.72, and the S&P 500 fell 26.72, settling at 743.33—its lowest close since 1997. More»

SpectraWatt joins IBM, HP entries, part of a larger trend in IT industry

(NEWSER) - Intel made a move into clean technology yesterday, creating a spinoff that will manufacture solar cells and pumping $50 million into it. SpectraWatt’s focus will be on improving solar-cell efficiency and cutting costs per watt, its CEO told CNet. IT companies are increasingly getting into the solar industry. Both IBM and HP recently began such endeavors. More»

Email, IMs keep employees available and distracted

(NEWSER) - Google, Microsoft, Intel, and IBM are partnering are on a new initiative to help workers distracted by emails and instant messages improve their productivity, the New York Times reports. The Information Overload Research Group, a nonprofit launching next month, will devise cultural and technological solutions to reduce the digital deluge that’s costing firms $650 billion a year in productivity. More»