Electronic Data Systems plans to cut 15,000 to 20,000 jobs over the next two years, as the struggling technology services giant tries to slash costs and regain its footing.
Sun Microsystems announced on Friday that it has moved to a new phase of legal and technical cooperation with longtime foe Microsoft that will involve a payment of US$1.95 billion to Sun.
A newly-filed United States lawsuit has thrown into sharp relief the ongoing damage caused by the tech wreck and economic downturn on the ability of information technology companies to win back the confidence of the investment community.
Speculation is rife that WorldCom, the Telecommunications giant that owns OzEmail, could soon declare bankruptcy
Gateway will lay off up to 25 percent of its work force worldwide and pull out of several Asian markets, including Australia.
Earlier this month, Ericsson raised a few eyebrows with a warning that it might stop investing in Sony Ericsson, its handset partnership with Sony, if the business continues to disappoint.
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