Corporate Issues

Symbian Foundation says it's on track

The Symbian Foundation is on track to take over Symbian as an open-source operating system in 2010 and will put out its first distribution of software for developers in the first half of next year, its executive director said Thursday.  read more »

Microsoft confirms Yahoo's Lu to run online services

Microsoft confirmed Thursday that it has tapped former Yahoo executive Qi Lu to run its struggling Online Services Group.  read more »

Wall Street Beat: Hardware taking brunt of recession

Job cuts at AT&T and Adobe Systems and lower expectations for bellwethers like Google and Microsoft this week make it is clear that the now-official U.S. recession is hitting all sectors of IT, though so far it looks like hardware and components will get the worst of it.  read more »

SAP exec: Belt-tightening to continue, but business better

A top SAP executive on Wednesday said the company is "implementing a series of tough, tough actions to convert the company to a much leaner operation than it is today," but did not utter the word "layoff."  read more »

Nokia cuts outlook again

After warning less than a month ago that the worldwide handset market would do worse than expected this year and next, Nokia on Thursday revised down its expectations again.  read more »

AMD lowers forecast for Q4 revenue

Advanced Micro Devices expects revenue for its fourth quarter to be 25 percent lower than its third-quarter revenue, the company announced Thursday.  read more »

AT&T to cut 12,000 employees through 2009

AT&T will lay off 12,000 workers through 2009 as the company reorganizes and faces a tough economic environment, the company said Thursday.  read more »

Adobe says it will cut 600 jobs, lowers revenue guidance

Hit by the global economic slowdown, Adobe Systems said Wednesday that it would cut 600 jobs and lowered its revenue expectations for the fourth quarter.  read more »

Taiwan hopes to avoid US-style bail-out for DRAM industry

The Taiwanese government stands ready to help its ailing DRAM industry but hopes to avoid U.S.-style capital injections, the island's president said Wednesday.  read more »

Report: Former AOL CEO Miller trying to buy Yahoo

Jonathan Miller, the well-respected former AOL CEO, has been talking for months to potential investors interested in buying all or part of Yahoo, The Wall Street Journal reported on Tuesday.  read more »

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