News for Media, telecommunications & technology
Wednesday, May 23, 2012
Google acquires Motorola Mobility for £13bn
Google has completed its deal with Motorola Mobility for $40 a share, totalling approximately $12.5bn.
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Monday, May 21, 2012
HP looks to cut 25,000 jobs
HP is planning to cut their workforce by as many as 25,000-30,000 in the coming months according to a source close to the company.
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Facebook floats 400 million shares at $38 each
Facebook has floated 400 million shares on the Nasdaq at $38 each which could provide as much as $16 billion in revenue and the third-largest IPO in US history.
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Tech city start-up gains £2 million investment
Cloud.IQ have won £2 million in funding from ventures capital company, Bridges Ventures.
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Friday, May 18, 2012
CSC reports poor yearly profits due to NHS contract
CSC has released a statement pointing to losses from NHS write-offs as being partly due for a full year-revenue of $15.88 billion, down from $16.04 billion last year.
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Reductions of Cisco’s growth plans creates ripples in the technology sector
Reductions in Cisco’s growth plans have impacted through the Cloud services market as the technology sector reacts to comments from CEO John Chambers.
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The technology sector continues to fail in attracting women
Female talent in the IT industry has continued to stay at low levels with male dominance of top positions remaining at the same high levels seen five years ago.
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SMEs moving to the Cloud due to flexibility not cost
UK SMEs are looking to Cloud services and software because of the flexibility that the platforms offer rather than cost-savings, according to YouGov research.
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Social media remains underused by Global business
Businesses are failing to gain the full potential from social media and exploit the business opportunities presented.
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Thursday, May 17, 2012
100% of UK banks view big data as a significant problem
Research carried out by Quartet FS found that 100 percent of UK banks saw big data as a significant problem. The research has 20 percent of IT managers placing big data as a ‘extremely significant’ problem.
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