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CIOs are driving the green agenda
News Fahy said the drive for efficiency at Lehman Brothers has meant the company has shifted to charging for internal services based on consumption - by calculating how much resource is required to run individual applications, instead of, say... [01 May 2008]
Banks lay off IT staff as big tech projects get the chop
News The report states: "We are seeing asset management and the hedge fund space continuing to be active in hiring senior IT staff, with an emerging trend for high quality change/PMO types to drive major change initiatives across these businesses. [22 Feb 2008]
UBS to offshore 750 jobs to India and Poland
News In addition to the Hyderabad facility UBS has secured space to build a nearshore centre in Krakow, Poland, which will become operational next year. Swiss-based investment bank UBS is to offshore around 750 jobs to India and Poland over the next... [25 Jun 2007]
Cost and energy benefits driving virtualisation
News Graham Yellowley, director of technology services at investment bank Mitsubishi UFJ Securities International, added: "We are looking to leverage virtualisation to maximise our computing efficiency, reduce our data centre space, power and cooling... [04 May 2007]
CIO Jury: Businesses give open source a reality check
News But Ian Cohen, IT director at the Financial Times, said: "Competitive pricing of Unix environments, particularly with the emergence of Fujitsu as a highly credible alternative to Sun, combined with the growing maturity of virtualisation... [01 Sep 2005]
'SOX rocks!' Techies love legislation
News He described how in many companies IT systems are akin to a "monster" that has no respect for time and space. Complying with regulations such as the Sarbanes-Oxley Act may have diverted money away from revenue-generating IT projects but it has... [28 Jan 2005]
ING Direct buys Informatica 'single view' software
News The fast-growing online bank has acquired around 750,000 customers in the UK in a short space of time and has few of the legacy issues facing other financial institutions. Chatard said the bank demands a return on its investment in three years at... [27 Jan 2005]
Money laundering to fuel $4.8bn bank IT bonanza
News Daniel Lessner, financial services technology analyst at Datamonitor, said in a statement: "The business intelligence and analytics industry, as most of the IT space, has seen some slower years recently. [02 Oct 2003]
$24.8m Autonomy acquisition focuses on video
News It will leave Autonomy with about $110m in the bank. Autonomy CEO Mike Lynch said combining Autonomy's Dremedia and other technology with Virage's offerings will help maximise users' return on investment from video and allow it to be more easily... [10 Jul 2003]
Leaked document: Dell to unveil cheap PocketPC device
News They're going to try to commoditise this space. Dell's inexpensive device may prove to be a mixed blessing for the handheld market, according Bill Crawford, an analyst with investment bank US Bancorp Piper Jaffray. [09 Oct 2002]
Guy Kawasaki, CEO, Garage Technology Ventures
News And now office space is less expensive, there are great people available and there is less noise in the start-up space. His vehicle is Garage Technology Ventures, nee Garage.com, which he describes as an investment bank for start-ups based in Palo... [04 Jan 2002]
Busted: $3.9bn online fraud
News It is likely that the web pages had been held on nearly 100 different domains on 50megs.com, an internet host offering free web space. On other occasions, similar frauds have involved the International Monetary Fund, the US Securities and Exchange... [11 Apr 2001]
Globalstar gets more funding
News In accordance with subscription agreements, Loral Space & Communications, Vodafone, Qualcomm, Elsacom and the France Telecom/Alcatel partnership had to repurchase common stock, allowing Globalstar to use proceeds to keep afloat. [26 Sep 2000]
BT targets SMEs with unmetered Net access package
News She said: "Many people have benefited from the reductions in telecoms costs over the last few years, but really the SME space has been missed out. BT is not widely respected in this space, it is not trusted and doesn't provide good solutions," he... [25 May 2000]
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