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NEWS ABOUT: tech sector

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Boom in Netbook Sales Powers New Features

At CES, the line blurs between netbooks and laptops

(Newser) - An unexpected 10 million netbooks—scaled down, lower-priced laptops—were  sold in 2008, sending tech companies racing into the market, the Wall Street Journal reports. At this week’s Consumer Electronics Show, market segments like cell phones and PCs seem to be converging faster than ever as they try to... More »

Sun Micro to Cut 5,000 Jobs

Software giant slashes 15-18% of workforce

(Newser) - Sun Microsystems intends to lay off 5,000 to 6,000 employees, amounting to 15-18% of the computer maker’s workforce. The cuts should shave about $800 million off Sun’s costs, as the company struggles to compensate for swiftly declining sales. Sun lost $1.68 billion last quarter, as... More »

Makeover Rumored for Nano

Apple insider Rose says iPod will get a new screen; iTunes set for big changes, too

(Newser) - Rumors are flying about a makeover for the iPod family in the coming weeks, with the biggest changes in store for the Nano, Ian Paul writes in PC World. The baby of the clan may soon have a much larger and tapered widescreen, according to Apple-watcher Kevin Rose, who also... More »

Silicon Valley's Prodigal Son Comes Home

Frank Quattrone seeks to repair his rep with new investment bank

(Newser) - Silicon Valley prodigal son Frank Quattrone is staging a comeback, poised to debut his new tech-centered investment bank Qatalyst—after years recovering from federal obstruction-of-justice charges. But now that he's back, the question is whether the industry will welcome home an errant child with open arms. Probably, BusinessWeek writes—if... More »

Profits Slide as Dell Streamlines

6.5% drop on consumer slump, 'slow as molasses' turnaround

(Newser) - Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely... More »

You've Got No Mail: DC Techies Ponder Life After AOL

Relocation is struggling sector's latest setback

(Newser) - AOL is moving its HQ to New York, cutting nearly half of its 5,700 DC-area jobs, and leaving serious questions about the Washington, DC area’s tech industry in its wake. AOL’s declining fortunes have already hurt the sector, but local techies and VCs have fought back with... More »

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,... More »

Online Boom Won't Result in Dot-Com Bust

Heady '90s excesses are more isolated; domino effect less likely

(Newser) - Today’s Silicon Valley upstarts are enjoying heady times, but without the excess and risk of their late-'90s counterparts, reports the Wall Street Journal. Sophisticated venture capitalists generally bear the risk involved in the next tech crash, and fewer and less volatile IPOs this time around mean small investors are... More »

Jobs Stats Propel Markets

(Newser) - The Dow and the S&P each set intraday records after today’s unexpectedly good jobs news, and the Nasdaq hit a 7-year high. The Dow closed at 14,066.01, up 91.70 points, and the S&P climbed 14.75 to 1,557.59 after indications that a... More »

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