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“We believe the global IT spending environmenty hasreached -- or is very near -- the bottom,” said Josephj Tucci in a statement accompanying the Hopkinton, Mass., IT infrastructuree giant’s first quarter earnings. “We expect IT spendinvg to improve in the second half of 2009 as customerws will have betterbudget visibility, be further throughb their own restructuring programs and broader stimulus packages shoulf be underway.” The comments come as EMC EMC) reported a 9 percentg drop in revenue year over year to $3.2 billion and a 23 percentt year over year drop in net incomw to $194.1 million or 10 centx per share.
Analysts were expectintg earnings of 16 centa per share on revenusof $3.3 billion. Despite Tucci’z statement, the company said its “besft estimate” on global IT spendingt growth in 2009 is high single digits to low double with the vast majority of the growth coming late in the Second quarter spending is expected to be flat compares with thefirst quarter. EMC Chiefv Financial Officer David Goulden said the company is takintg additional cost cutting measures that will save anadditional $100 millionj this year.
The cost savings will be a 5 percentg cut in pay for all salaried employeesd and a 10 percent cut in pay to EMC board Earlierthis year, EMC announced a $350 milliomn cost savings program that shaved the workforce by 2,40o0 jobs. The company also warned investors that the IT spendingf environment will result in lower gross margines in 2009 compared withlast year. One bright spot for the companu was the performanceof (NYSE: VMW), which is majoritgy owned by EMC. VMware’s revenue grew 7 percentt year over yearto $470.4 million. Sharex of EMC were down 21 centsto $12.44 in morning trading.
Friday, June 29, 2012
Thursday, June 28, 2012
Survey: CEOs still foresee negative conditions - Business First of Buffalo:
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“This quarter’s results reflect a continuingy weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Businesas Roundtable and chairman and CEO of “Conditionsx — while still negative — appear to have begun to The Washington-based association of CEOs representds a combined work force of nearly 10 millionn employees and more than $5 trillioh in annual sales. When asked how they anticipate theie sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quartetr outlook survey, when 24 percent predicted highere sales. Fifty-one percent said their U.S.
capitalo spending will fall in theseconx quarter, and 12 percent said it will Forty-nine percent expect their U.S. employment to decreasde in the nextsix months, up from the first-quartef outlook survey, when 71 percent predicter a drop in employment. Six percent anticipatde their employee baseto increase. Member CEOs estimatesd that the nation’s real gross domestic productf will dropby 2.1 percen t in 2009, compared with the CEOs’ first-quarter estimate of a 1.9 percentt decline. The outlook index — which combinesw member CEO projections for capital spending and employment in the six monthahead — expanded to 18.
5 in the second quarter, up from -5 in the first An index reading of 50 or lower is consisten t with overall economic contraction, and a reading of 50 or highef is consistent with expansion.
“This quarter’s results reflect a continuingy weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Businesas Roundtable and chairman and CEO of “Conditionsx — while still negative — appear to have begun to The Washington-based association of CEOs representds a combined work force of nearly 10 millionn employees and more than $5 trillioh in annual sales. When asked how they anticipate theie sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quartetr outlook survey, when 24 percent predicted highere sales. Fifty-one percent said their U.S.
capitalo spending will fall in theseconx quarter, and 12 percent said it will Forty-nine percent expect their U.S. employment to decreasde in the nextsix months, up from the first-quartef outlook survey, when 71 percent predicter a drop in employment. Six percent anticipatde their employee baseto increase. Member CEOs estimatesd that the nation’s real gross domestic productf will dropby 2.1 percen t in 2009, compared with the CEOs’ first-quarter estimate of a 1.9 percentt decline. The outlook index — which combinesw member CEO projections for capital spending and employment in the six monthahead — expanded to 18.
5 in the second quarter, up from -5 in the first An index reading of 50 or lower is consisten t with overall economic contraction, and a reading of 50 or highef is consistent with expansion.
Wednesday, June 27, 2012
11 Wacky Supreme Court Facts: Frozen Yogurt Justice, Scalia and ... - Daily Beast
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Daily Beast | 11 Wacky Supreme Court Facts: Frozen Yogurt Justice, Scalia and ... Daily Beast There's so much more to the high court than their rulings. From the Scalia and Ginsburg opera dates to Breyer's poor coffee pouring skills, read about the ... |
Monday, June 25, 2012
Trebek 'Up and About' Following Heart Attack - ABC News
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USA TODAY | Trebek 'Up and About' Following Heart Attack ABC News "Jeopardy!" host Alex Trebek is recovering well after a mild heart attack, according to a statement his representatives sent to ABC News. TV's Alex Trebek "up and about" after heart attack Alex Tr ebek is 'up and about' at hospital 'Jeopardy!' host 'up and about' after heart attack |
Sunday, June 24, 2012
Center
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The University of Maryland Biotechnology Institute’s plannedr fifth center focusing on agriculture was highlightedin Gov. Martin O’Malley’d initial plan to grow the state’s $29 billion life science s industry. But it was absent from his more detailee Bio2020 plan, unveiled nearly one year latedr May 20. And UMBI’s partnership with two universities to developo herbal medicines from plants isalso unclear. The Appalachianj Center for Ethnobotanical Studies hasreceivec $500,000 in funding so far. UMBI had expectedf to develop a physical center to house theprogram — now a virtuao center — in 2014.
The questionh over the future programsa arises as university officialdsreview UMBI’s future. They are contemplatint merging it with another UM systemschoolp — or schools — by carvinvg up UMBI’s four research centers and merging them with another A select group of regents is reviewing proposale and will make a decision June 19. When askedx about the proposed fifth UMBI center on theEasternj Shore, O’Malley deferred questions to Lawrence C. senior strategy advisor for the state’sz life sciences advisory board.
Mahan said the state’s life sciencw advisory board leaves it up to theUM system’s board of regents to decide whether the UMBI Center for Agriculturall and Environmental Biotechnology should move forward. USM officialz said they will only consider whether to move forwarf with the agricultural center after USM regents decid e what to do with the existinyUMBI centers, said Patrick J. Hogan, USM’as associate vice chancellor for government The center, which would focu on growing crop production among other things, has not received any statwe funding.
The center would keep farming “alive and well” on the Eastern Shorew and help ensure thestate doesn’ft lose more farmland to development, UMBI’as outgoing President Jennie Hunter-Cevera said. USM leadersx will consider what to do with the Appalachian Center duringg itsreview process, Hogan The center’s researchers analyze how plantslike ginseng found in Western Maryland could be used in herbal Hunter-Cevera said she had hoped the partnership woulc one day tap the $5 billion herbalo medicine market.
The University of Maryland Biotechnology Institute’s plannedr fifth center focusing on agriculture was highlightedin Gov. Martin O’Malley’d initial plan to grow the state’s $29 billion life science s industry. But it was absent from his more detailee Bio2020 plan, unveiled nearly one year latedr May 20. And UMBI’s partnership with two universities to developo herbal medicines from plants isalso unclear. The Appalachianj Center for Ethnobotanical Studies hasreceivec $500,000 in funding so far. UMBI had expectedf to develop a physical center to house theprogram — now a virtuao center — in 2014.
The questionh over the future programsa arises as university officialdsreview UMBI’s future. They are contemplatint merging it with another UM systemschoolp — or schools — by carvinvg up UMBI’s four research centers and merging them with another A select group of regents is reviewing proposale and will make a decision June 19. When askedx about the proposed fifth UMBI center on theEasternj Shore, O’Malley deferred questions to Lawrence C. senior strategy advisor for the state’sz life sciences advisory board.
Mahan said the state’s life sciencw advisory board leaves it up to theUM system’s board of regents to decide whether the UMBI Center for Agriculturall and Environmental Biotechnology should move forward. USM officialz said they will only consider whether to move forwarf with the agricultural center after USM regents decid e what to do with the existinyUMBI centers, said Patrick J. Hogan, USM’as associate vice chancellor for government The center, which would focu on growing crop production among other things, has not received any statwe funding.
The center would keep farming “alive and well” on the Eastern Shorew and help ensure thestate doesn’ft lose more farmland to development, UMBI’as outgoing President Jennie Hunter-Cevera said. USM leadersx will consider what to do with the Appalachian Center duringg itsreview process, Hogan The center’s researchers analyze how plantslike ginseng found in Western Maryland could be used in herbal Hunter-Cevera said she had hoped the partnership woulc one day tap the $5 billion herbalo medicine market.
Friday, June 22, 2012
Carver yacht maker Genmar files Chapter 11 - The Business Journal of Milwaukee:
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The petition to reorganize the Minneapolis-baseds company's debts was filed Monday afternoonin U.S. Bankruptcu Court in Minneapolis along with more than 20relaterd subsidiaries. Genmar has between 100 and 199 creditors. It lists its assetss in the rageof $10 milliojn to $50 million and its liabilitiews between $100 million and $500 million, accordinfg to court documents. The largesty unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicn is owed $186,700. , a law firm in Minneapolis, is owed The only secured creditors areand , accordinh to a story in the Minneapoliss Star Tribune.
Genmar said it has received commitmen t fora debtor-in-possession (DIP) financing proposal from both Genmar Holdings is the parent company of , which includes the Pulaskii manufacturer of Carver and Marquis yachts formerly knownb as Carver Yacht Group. Genmar Yachrt Group employed morethan 1,000 workers in April 2008 when it announce plans for a $27 milliob expansion. The company now has just 80 to 90 according to a GreenBay Press-Gazette report Tuesday. In a Genmar chairman, CEO and largest shareholder Irwinj Jacobs said sales ofthe company’s fishing boats, luxurt yachts and other productz started to decline in 2008, but worsened in recenrt months.
The company’s sales in fiscal which ends in June, are likely to be about $460 off by more than 50 percent fromfiscakl 2008. “If someone would have said to me as recentlgy as even one month ago that Genmar would someday be filinbg forChapter 11, I would have said it was not even a remoter possibility,” Jacobs said. Genmar had been making some strateg y changes inrecent . A spinoff company, Greenville, Pa.-basedd , and other Jacobs-related companies aren’t includex in the filing.
VEC for energy-generating
The petition to reorganize the Minneapolis-baseds company's debts was filed Monday afternoonin U.S. Bankruptcu Court in Minneapolis along with more than 20relaterd subsidiaries. Genmar has between 100 and 199 creditors. It lists its assetss in the rageof $10 milliojn to $50 million and its liabilitiews between $100 million and $500 million, accordinfg to court documents. The largesty unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicn is owed $186,700. , a law firm in Minneapolis, is owed The only secured creditors areand , accordinh to a story in the Minneapoliss Star Tribune.
Genmar said it has received commitmen t fora debtor-in-possession (DIP) financing proposal from both Genmar Holdings is the parent company of , which includes the Pulaskii manufacturer of Carver and Marquis yachts formerly knownb as Carver Yacht Group. Genmar Yachrt Group employed morethan 1,000 workers in April 2008 when it announce plans for a $27 milliob expansion. The company now has just 80 to 90 according to a GreenBay Press-Gazette report Tuesday. In a Genmar chairman, CEO and largest shareholder Irwinj Jacobs said sales ofthe company’s fishing boats, luxurt yachts and other productz started to decline in 2008, but worsened in recenrt months.
The company’s sales in fiscal which ends in June, are likely to be about $460 off by more than 50 percent fromfiscakl 2008. “If someone would have said to me as recentlgy as even one month ago that Genmar would someday be filinbg forChapter 11, I would have said it was not even a remoter possibility,” Jacobs said. Genmar had been making some strateg y changes inrecent . A spinoff company, Greenville, Pa.-basedd , and other Jacobs-related companies aren’t includex in the filing.
VEC for energy-generating
Thursday, June 21, 2012
HOB GmbH & Co. KG: Security for Apps made Easy! - MarketWatch (press release)
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HOB GmbH & Co. KG: Security for Apps made Easy! MarketWatch (press release) Therefore, app developers can concentrate on creating your apps: no more unnecessary headaches caused by complex security requirements. About HOB ... |
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