InfoAnda - Cost cuts help tech giants ride out weak economy

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Amazon flies high, may rise 25 percent more: Barron's | | 31 July 2011
Cuba's Buena Vista Social Club to play U.S., Europe | | 22 June 2010
Asia's booming middle classes unmasked in new study | 19 August 2010

Analysis: As technology shifts, Asian giants wrestle for TV control | | 25 April 2012

Forum Views () Forum Replies ()

Read more with google mobile : Cost cuts help tech giants ride out weak economy | Technology |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Cost cuts help tech giants ride out weak economy Thu Apr 23, 2009 7:42pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Gabriel Madway SAN FRANCISCO (Reuters) - A solid crop of earnings reports from the leading lights of technology suggests the sector is proving adept at cost cuts and more resilient to the economic meltdown than previously thought. While executives from Apple Inc, Google Inc, IBM and Intel Corp were almost uniformly cautious in talking about the rest of the year, they all reported quarterly profits that beat Wall Street expectations. Microsoft Corp's earnings on Thursday were in line with forecasts, but investors sent its shares higher in part because of cost cuts that the world's largest software maker is undertaking to protect its bottom line. With corporate and consumer spending under pressure, analysts say many tech companies moved swiftly to slash jobs and output -- positioning themselves for growth when a bottom is reached, which some say may have happened already. "It does look like tech might very well lead us out of the recessionary market," said Enderle Group analyst Rob Enderle. "They are structured to respond more quickly and they've demonstrated they can." Although the results were not necessarily strong on a historical basis and the outlook for the economy remains extremely uncertain, analysts see positive signs for the sector. Technology shares have been surging, with the Morgan Stanley Hi-Tech index of major tech stocks up more than 30 percent since early March. While a rally may prove difficult to sustain, analysts say the prospects are better for an IT recovery because tech products and services are integral to the day-to-day functioning of the global economy and people's lives. "Everybody's taking big cuts in their budgets, but a lot of tech spend is not so variable," said M. Eric Johnson, director of the Center for Digital Strategies at the Tuck School of Business at Dartmouth. "A lot of their spending needs to and has to occur even in a downturn." He said the recession in some ways has benefited information technology service providers like IBM, as corporations have moved to outsourcing. IBM reported an 11 percent drop in revenue, which was weaker than expected, but higher margins helped its profit beat analysts' forecasts. There were other encouraging signals in major tech earnings reports. Apple's earnings topped Wall Street forecasts as consumers showed they were still willing to spend on premium devices such as iPhones and iPods even in a tough economy. Google's and Intel's results also beat expectations, thanks to cost discipline. Intel Chief Executive Paul Otellini declared the worst is over for the PC market, a message echoed by disk drive maker Seagate Technology, but Microsoft Chief Financial Officer Chris Liddell said he saw no sign the bottom had been reached. Positive signs also emerged from earnings reports from chipmaker Texas Instruments and flash memory maker SanDisk. "Things at least seem to have stopped falling," said Barry Jaruzelski, a partner at consulting firm Booz & Co. He said the key is in how enterprise IT spending plays out. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Nokia CEO: too early to call bottom of phone demand also on reuters Blog: Bought a bank? Better tell its customers Recession, health concerns get Americans gardening Video Video: "Bling bikini" defies credit crisis More Technology News Microsoft cuts costs, says Windows 7 on track | Video IBM plans cloud computing services for 2009 Yahoo pulls the plug on GeoCities Nokia CEO: too early to call bottom of phone demand MySpace co-founder DeWolfe to step down More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Jay Leno misses first "Tonight Show" in 17 years Seven people in U.S. hit by strange new swine flu Clinton says Israel risks losing support on Iran Japan aghast over drunk TV star's naked blunder INSTANT VIEW: Microsoft profit in line; Windows 7 on track Jamaican army deployed ahead of tax increase Bra deflects bullet aimed at woman UPDATE 2-Fontainebleau Las Vegas banks terminate loan Cost cuts help tech giants ride out weak economy Country aghast over drunk TV star's naked blunder Most Popular Articles RSS Feed Video "Best job" a marketers dream IMF: Economic crisis far from over Business Update: Britain's Budget Bloodshed in Iraq Wildfire hits U.S. beach town "Bling bikini" defies credit crisis GM cuts, but the clock ticks Freddie Mac acting CFO dead More labor pains in U.S. Paraguay's presidential scandal Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 24 April 2009
Heavy army presence chafes in Mexico drug war city | International |
Iran warns U.N.'s Ban against double standards | International |
Somalia wins funds, opposition leader vows unity | International |
Italy police nab Germans who left kids at pizzeria | International |
Microsoft profit falls, sees more weakness | Technology |
IBM plans cloud computing services for 2009 | Technology |
Yahoo pulls the plug on GeoCities | Technology |
German GEMA in talks with YouTube on video dispute | Technology |
Beyonce says definitely wants Broadway role | Entertainment |
Woody Allen returns to NY to open Tribeca festival | Entertainment |
Idol Anoop Desai ditches grad school for music | Entertainment |
Heart, Bedingfield perform at ASCAP pop awards | Entertainment |
Tribeca film examines Cuba's lost son of baseball | Entertainment |
ELO rocker Jeff Lynne working slowly on solo album | Entertainment |
South Africans celebrate as Zuma, ANC lead poll | International |
Suicide attacks kill 76 in Iraq
Pakistani Taliban says withdrawing from Buner | International |
Blasts kill 78 in Iraq's bloodiest day in a year
Suicide attacks kill 76 as Iraq reports arrest | International |
AP IMPACT: Secret tally has 87,215 Iraqis dead
Venezuela says Interpol has warrant for Chavez foe | International |
Gas summit in Sofia despite Putin boycott
Iraq says Qaeda boss captured as dozens killed
Page Not Found |
Tigers resisting calls to surrender: S.Lanka military
Page Not Found |
US shares 'common purpose' at G8 climate talks
France to close squatter camp for migrants
Thailand lifts emergency, seeks charter revamp | International |
Obama vows reform of credit card market
Real estate downturn boosts Morocco slum clearance | International |
IOC says London 2012 venues 'on right track'
China confirms Japan summit, downplays shrine row | International |
Credit Suisse ends losing streak in first quarter
Peru's Fujimori appeals human rights conviction | International |
Fiat posts losses, rules out Chrysler investment
US home sales drop 3%
US shares 'common purpose' at G8 climate talks
US delivers message of urgency on climate change
Blagojevich comes to L.A. to plug reality show
Boom times ahead for mobile Web access
Ashley Judd urges Congress to fight global warming
Mom accused of killing child after fake kidnapping
YouTube lets users see what friends are watching
Microsoft cuts costs, says Windows 7 on track | Technology |
Ex-Nazi guard fit to be deported: US officials
Taiwan says to spend $1.33 bln on green energy
Microsoft profits dive 32 pct to $3 bln dollars
3 small quakes rattle California's Orange County
Cost cuts help tech giants ride out weak economy
ACLU: Pentagon to release images of prisoner abuse
Cost cuts help tech giants ride out weak economy | Technology |
Amazon net profit up, Kindle sales praised
Turkmenistan defends right to diversify gas exports
Apple apologizes for iPhone 'Baby Shaker' game
Recent Justice Dept. videos show Demjanjuk walking
abandoning GeoCities
Donors raise $213 mln for Somalia: communique
Israel risks losing Arab support against Iran: Clinton
Yahoo pulls the plug on GeoCities
Russia ready to slash nuclear arsenal: general
Mich. men charged with burning buttocks of boy, 6
More red ink for McClatchy
Boy suspect's family blames 7-year-old in death
German GEMA in talks with YouTube on video dispute
Calif. approves nation's 1st low-carbon fuel rules
Nokia CEO: too early to call bottom of phone demand
Bomb in Afghan capital kills police officer
Japan pop star freed after arrest over indecency
Taiwan's president upbeat ahead of China talks
Taiwan and China to increase economic cooperation
2 US journalists set to stand trial in N. Korea
An Error has occured |
'No need' for nuke talks, NKorea tells Russia
Beyonce thriller Obsessed leads new releases | Entertainment |
Thai prime minister lifts state of emergency
US Marine leaves Philippines after rape acquittal
Land mine blast kills 5 polling officials in India
Elton John, McCartney hit by economic crisis: rich list | Entertainment |
JAL, ANA say may scrap fuel surcharges
Pressure grows on S.Lanka for ceasefire with rebels
Twilight role at stake in German reality show | Entertainment |
Samsung says first quarter profit plummets
Battle of the Bulge director Annakin dies at 94 | Entertainment |
Oz Minerals sells Indonesian gold, silver project
HSBC closes equity business in Japan
Tarantino back in Cannes with Almodovar, Campion | Entertainment |
Seoul shares retreat as Samsung Elec, Hynix fall
South Korea stimulus puts recession on hold
Pakistani c.bank sells 15 bln rupees of T-bills
Toyota's incoming president to race Lexus
G7, G20 meet to 'follow-up' on London summit
"Twilight" role at stake in German reality show
Kia Motors reports $73 mln net profit for Q1
Reggaeton star Flex wins 8 Latin Billboards
List of key winners at 40th Annual Dove Awards
Chapman wins artist of the year at gospel awards
Beyonce thriller "Obsessed" leads new releases
Miss Calif. receives strong support at Dove Awards
Jay Leno misses first "Tonight Show" in 17 years
3rd 'Twilight' film director selected
Indian police end probe of 'Slumdog' star's dad
"Battle of the Bulge" director Annakin dies at 94
Twin suicide attacks kill 55 near Baghdad shrine
North Korea to boycott nuclear talks: Russia | International |
Russia's Medvedev sacks military spy chief | International |
Toll from bombs at Baghdad shrine reaches 60 dead
Downturn hits Elton John, Paul McCartney
Left to win vote in crisis-hit Iceland | International |
Baghdad shrine blast kills 30
UK economy shrinks at fastest rate since 1979
US seeking Chrysler bankruptcy plan: reports
India presses for Sri Lanka truce as casualties rise | International |
No talks unless peacekeepers quit Somalia: opposition | International |
Pillay blasts disinformation around U.N. race meeting | International |
Former VP Gore endorses House global-warming bill
Microsoft still sees potential in Yahoo partnership | Technology |
Former VP Gore endorses House global-warming bill
Rocky start for fledgling online news ventures
SC wildfire may accelerate after overnight calm
NY adviser indicted in $413 million Ponzi scheme
Deadly outbreak of swine flu in US, Mexico
Stocks open higher as Ford results top view
Thieves steal Mass. Little League's equipment
Russia sacks military intelligence chief
US worried about recent Taliban moves in Pakistan
Ford posts $1.4 billion 1Q loss, burns less cash
World Bank: Globe bracing for more poverty
Home Depot garden center becomes young owl's home
Elton John, McCartney hit by economic crisis: rich list | Entertainment |
Japan pop star free after naked arrest
Paintings attributed to Hitler fetch $143,000 | Entertainment |
North Korea to boycott nuclear talks
No concessions to Pakistan militants: army chief
Malaysia vows action on Myanmar human trafficking
Thais who rioted last week call for new protests
Land mine blast kills 5 during India's elections
Thai PM lifts emergency rule ahead of new protest
NZ climate scientist fired for unapproved comments
Group says China's new postal law restricts market
Thailand lifts state of emergency
Pakistani stocks rally, heartened by Taliban retreat
Macau casino operator Galaxy posts $1.5 bln loss
Japan's Nomura posts record $7.3 bln loss
Taiwan's AU plans T$0.3/share cash dividend
'Madden NFL 10' to cover Polamalu, Fitzgerald
Cathay: 70 pct of staff join unpaid leave scheme
Scottish singing sensation gets dye job, makeover
China reports 76 percent increase in gold reserves
Paintings attributed to Hitler fetch $143,000
Leonard Nimoy open to more 'Star Trek'
Seoul court accepts KIKO suspension suits vs banks
Latin America in spotlight at Cannes Critics' Week
Taiwan dlr at 2-wk high on fund inflows, U.S. pressure
BBC sends `Ethical Man' on global warming quest
Grammy for 'Big Bad John' survives Dean home fire
Hong Kong architect gets 24 rooms into one tiny flat
Indonesian volcano spews lava and ash into the sky
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01