Forward by Imthiyas
Look closely and guess what they could be...
Are they pens with cameras? NO
Any wild guesses? No clue yet? NOT YET
Ladies and gentlemen... congratulations! You've just looked into the
future...yep that's right!
You've just seen something that will replace your PC in the near future.
Here is how it works:
In the revolution of miniature computers, scientists have made great
developments with bluetooth technology ... .
These are the forthcoming computers you can carry in your pockets .
This 'pen type of instrument' produces both the monitor as well as the
keyboard on any flat surface from where you can carry out functions
you would normally do on your desktop computer.
Can anyone say .' Good-bye laptops!'
.
.
.
.
Showing posts with label Current IT Market. Show all posts
Showing posts with label Current IT Market. Show all posts
Wednesday, August 5, 2009
Goodbye Laptop...........!
Monday, February 23, 2009
Who Is Orkut????
Forward by Shaviz
A guy lost his girlfriend in a train accident....
but the gal's name nowhere appeared in the dead list. This guy grew up n became IT technical architect in his late 20's, achievement in itself!!
He hired developers from the whole globe and plan to make a software where he could search for his gf through the web..
Things went as planned...
n he found her, after losing millions of dollars and 3 long years!!
It was time to shut down the search operation, when the CEO of Google had a
word with this guy n took over this application,
This Software made a whopping 1 billion dollars profit in its first year,
which we today know as ORKUT.
The guy's name is Orkut Büyükkökten Yes it's named after him only. Today he is paid a hefty sum by Google for the things we do like scrapping. He is expected to b the richest person by 2009..
Orkut Büyükkökten today has 13 assistants to monitor his scrapbook & 8 to monitor his friends-list. He gets around 20,000 friend-requests a day & about 85,000 scraps!!!
Some other Cool Facts about this guy:
* He gets $12 from Google when every person registers to this website.
* He also gets $10 when you add somebody as a friend.
* He gets $8 when your friend's friend adds you as a friend & gets $6 if
anybody adds you as friend in the resulting chain.
* He gets $5 when you scrap somebody & $4 when somebody scraps you.
* He also gets $200 for each photograph you upload on Orkut.
* He gets $2.5 when you add your friend in the crush-list or in the hot-list.
* He gets $2 when you become somebody's fan.
* He gets $1.5 when somebody else becomes your fan.
* He even gets $1 every time you logout of Orkut.
* He gets $0.5 every time you just change your profile-photograph.
* He also gets $0.5 every time you read your friend's scrap-book & $0.5 every time you view your friend's friend-list.
Monday, January 12, 2009
Wipro banned by world bank
Forward by Nisha
Post Satyam, now Wipro disclosed that it has been banned by World Bank until 2011 for offering IPO to world bank staff worth $72000 through its CIO for promoting Wipro Brand under DSP plan. The question why was this done through CIO and not through CEO. This is all for Wipro and its integrity. It happens to be an oil companies run by lala’s and will remain so. The second question is did Wipro did not do due deligence on impact of offering its IPO to World Bank Staffs. Something looks fishy here. Can Wipro diclose under whose guidance within Wipro was this done and what is this person’s current role in Wipro. The skeletons have started to come out from IT cupboards.
The media report says:
“There are currently three companies that (have) been debarred along with their affiliates under the Bank group’s corporate procurement program,” the bank said in a statement.
It said it had barred IT company Satyam Computer Services for eight years and Wipro Technologies for four years for “improper benefits to bank staff”.
The bank said it also barred India’s Megasoft Consultants for four years in December 2007 for “participating in a joint venture with bank staff while conducting business with the Bank”.
Friday, January 9, 2009
Satyam staff not to get salaries for 2 months
Forward by Suresh
Satyam Computer on Friday announced holding back employees salaries for two months, even as rumours were rife that the company might lay off close to 15,000 workers in the coming days.
The offices of Satyam Computer were rife on Friday with the talks about forthcoming pink-slips at the company, which needs over Rs 500 crore (Rs 5 billion) every month just to meet its staff costs and has admitted that its cash position was not encouraging.
Employees said they have received an e-mail saying the company would hold back salaries for two months and asked staffers to bear with it.
However, the company spokesperson declined knowledge of any such e-mail and the issue would be looked into.
Even as the company spokesperson denied any layoff plans as of now, the rumours put the estimated job cuts at close to 15,000 by the end of this month.
Employees at the company said on condition of anonymity that they were hearing about imminent lay-off of people who were sitting on the bench or were close to completing their assigned projects. Besides, those being retained would be asked to take substantial salary cuts, they added.
At the same time, global HT consultancy firm Hay Group's Practice Leader Mark Thompson said that employees would suffer the most from the fraud.
Global HR consultancy firm HayGroup's Practice Leader Mark Thompson said: "Based on past experience . . . as with Enron, Worldcom and the Mirror Group, it is likely to be the employees who will suffer most from the fraud perpetrated by their bosses."
In early 2000, the collapse of energy trader Enron had left thousands of people out of work, another 8,500 had lost their jobs at accounting firm Arthur Andersen; and Tyco eliminated 15,000 employees in February.
Wednesday, January 7, 2009
Satyam Hot news
Forward by Suresh
Ramalinga Raju admits fraud, quits Satyam
Mumbai: In an announcement sent to the stock exchanges, Satyam Computer Services said Chairman B Ramalinga Raju has resigned from the board.
In a letter to the board of directors, Raju also admitted that the company's balance sheet was inflated to Rs 5,361 crore at the end of September 2008 against the actual Rs 5,040 crore. There was also an accrued interest receipt of Rs 376 crore, which was non-existent. The balance sheet also had an understated liability of Rs 1,230 crore on account of funds arranged by Raju. The debtors position was also overstated by Rs 490 crore to Rs 2,651 crore.
Raju also admitted that the September 2008 results were overstated at Rs 2,700 crore with an operating margin of Rs 649 crore. Raju said the actual numbers were Rs 2,112 crore and the operating margin was much lower at Rs 61 crore. This resulted in an artificial cash balance of Rs 588 crore. Raju also admitted that Satyam's profits were inflated over several years. He said that what started as a marginal gap between actual operating profit and the reported figures has attained unmanageable proportions as the size of the company grew, and every attempt to eliminate the gap failed. He added, "It was like riding a tiger, not knowing how to get off without being eaten." The Maytas deal was the last attempt to fill the fictitious assets with real ones.
Raju also said Rs 1,230 crore was arranged to Satyam, which is not reflected in its books, to keep Satyam's operations running. For this the promoter had to pledge the promoter shares and raising funds from other sources.
B Rama Raju, managing director of the company will continue in the position till such time the current board is expanded and the continuance is just to ensure enhancement of the board over the next several days or as early as possible.
Friday, January 2, 2009
Motorala to slash 400 more jobs
Forward by LaxmiRamana
Mobile phone maker Motorala will cut 400 more jobs and expects to incur charges worth $189 million related to cost reduction measures
in the fourth quarter.
Earlier in October, the firm had said it would reduce the workforce by about 1,500 employees, mainly in the Mobile Devices segment. The move would result in pre-tax charges of 104 millions dollars in the fourth quarter.
Motorola in a filing to the Securities and Exchange Commission on Tuesday said the company would terminate nearly 400 employees, which would result in charges of about 25 million dollars in the fourth quarter.
“On December 23, 2008, the company approved certain additional plans relating to these cost-reduction initiatives.
These additional actions, plus other actions approved since October 30, 2008, relate to the termination of approximately 400 employees, resulting in additional pre-tax severance charges of approximately 25 million dollars in the fourth quarter of 2008,” the filing noted.
The cell phone maker said these actions would result in total pre-tax charges to the tune of 189 million dollars in the fourth quarter.
“Cash payments associated with these actions have occurred in the fourth quarter of 2008 and will occur in 2009.
All of the company’s business segments, as well as various corporate functions, are impacted by these plans,” the filing pointed out.
Motorala reported a net loss of 397 million dollars in the third quarter whereas the company had a net profit of 60 million dollars in the year-ago period.
Thursday, January 1, 2009
Bangalore leads in IT race in India
Forward by Kalyani
Bangalore continues to be the number one destination for IT/ITeS companies in the country.
For all those who thought Chennai and Hyderabad were eating into Bangalore's status as the IT capital of India, here are some facts.
The annual year-end report by global real estate consultants Cushman & Wakefield shows that Bangalore witnessed the highest commercial space absorption in the country of 10.4 million sqft - the highest in the country for the fifth consecutive year. Of that, IT and ITeS companies absorbed 88%, followed by automotive, telecommunications and other sectors.
Leading the way was i-Flex Solution, which absorbed 1,100,000 sqft of commercial space in Whitefield, followed by 350,000 sqft of space each by ABB and ANZ IT in Whitefield and the Marathalli-Sarjapur belt.
Chennai absorbed only 4.1 million sqft of commercial space of the 9.8 million sqft of supply this year, as against its absorption of 6.5 million sqft of space in 2007.
Hyderabad witnessed a whopping 67% drop in commercial space absorption -- from last year's figure of 4 million sqft to only 1.3 million sqft this year. The total supply in the city amounted to nearly 3.8 million sqft.
Mumbai and the National Capital Region (NCR) absorbed 8.5 million sqft and 8.6 million sqft of commercial space in 2008 respectively.
"Bangalore & Mumbai were the only two cities that showed an increase in absorption from last year," reads the C&W report. Meanwhile, commercial rental rates in Bangalore appreciated between 4% and 9% in the peripheral areas and by a whopping 18% in the central business districts.
Wednesday, December 24, 2008
Indian IT majors cut onsite staff
Forward by Deepa
Bangalore: Suffering to counter the economic slump, Indian IT majors are now reducing the number of onsite work force as many major customers tend to cut their IT budgets and focus more on offshore projects to bring down the cost. Largest IT firms in India such as TCS, Infosys and Wipro are cutting back onsite employees between three to five percent and even more depending on the projects, reported The Economic Times.
Based on the new trend, onsite roles like manager, requirement analysis professionals and tech employees involved with development of technical specifications with a customer are being brought offshore. "The customers are asking for more savings, attempting to have fewer people on projects wherever possible. We are obviously under tremendous pressure to bring back these roles offshore," said a Senior Executive involved with delivery of projects at a top Indian tech firm. As offshore works from countries like India need billing rates which are less than half of the costs in U.S. and UK many major outsourcing customers such as GE, RBS and Bank of America plan to focus on offshore outsourcing. "We will have to move more work offshore, and the question really is about how much more we can deliver remotely," said Sambuddha Deb, Chief Global Delivery Officer, Wipro.
Recently, RBS has cut down the number of onsite staff in UK by almost one third, and expert says that the company has relocated many employees at its Indian captive center. RBS is also pushing Infosys, to which the Bank gives work to outsource, to do more from offshore centers and is also shifting more positions to its captive center in Delhi.
Industry officials had earlier mentioned that Indian offshore vendors could bring back hundreds of professionals from the markets of U.S., UK and other European countries. A top executive, who requested anonymity said, "Each of us (top five Indian tech firms) have few thousand professionals working onsite, the pressure to move offshore will result in over five percent reduction of onsite exposure, which might come down to around 10 percent, from 15-20 percent currently."
Moreover, the Indian outsourcing firms are also under pressure to consolidate dedicated offshore delivery centers. "With customers now slice core and non-core work, they are looking at ways to reduce the total number of professionals being billed, thereby putting pressure on the dedicated centers," the executive who did not wish to be quoted said.
Customers have now begun to ask about the total number of people work in a project. "We are now receiving queries about the exact number of people working on a project apart from many other specific details, which the customers never asked," pointed out a Manager with a leading offshore firm based in UK who did not wish to be identified.
New strategies adopted by foreign customers are expected to affect the revenue of Indian IT majors. "Infosys' EBITDA is expected to decline from 31.4 percent in 2008 to 23.6 percent in 2011, while TCS could see its margins go down from around 26 percent last year to 18.2 percent over next three years. Wipro is also expected to see its EBITDA decline from around 20.1 percent last year to 13.5 percent by 2011, finds an Anand Rathi Research.
Sunday, December 21, 2008
Companies likely to cut planned salary hikes
Forward by Divakar
New Delhi: Here is a bad news again for employees as many companies are likely to move away from the planned salary hikes in 2009. Indicating further reduction in work force, a recent Mercer survey says companies have conceded that workforce reduction would occur and hiring would become more selective and skill- based.
Of hundreds of human resource and finance professionals in India surveyed, 83 percent believe that their companies have planned to look closely at holding down the level of compensation increases and salary increases are likely to be lower than originally planned in 2009. But surprisingly, very few Indian companies surveyed are considering the more drastic step of freezing 2009 salaries at 2008 figures, with 19 percent of survey respondents saying that such a step is likely and 24 percent saying a salary freeze is somewhat likely.
Half of the Indian respondents say that their company is likely to reduce previously budgeted 2009 bonus payouts for performance in 2008. "It is now time to plug gaps where mediocre performance has been rewarded with high pay. Companies need to drive robust performance management and adopt a performance-based reward strategy. Employees should increasingly focus on acquiring new skills and developing an entrepreneurial mindset," opined Padma Ravichandar, Country Leader, Mercer Consulting (India).
The survey also focuses on human resources and says that in an environment in which they are asked to operate with reduced resources, HR continues to be considered core strategic to most companies' business. 27 percent of the respondents said their companies plan to maintain their investments to improve the overall HR services.
Wednesday, December 3, 2008
Current IT market - Dec -4th
Forwarded by Divakar
Over 65,000 people lose jobs in three months
Job fears make NRIs stay at work
Satyam plans to send staff on sabbatical to trim costs
40 sacked for fudging travel bills in Satyam
Recession-proof jobs: Software design, network administration, IT security
Monday, September 22, 2008
Current IT Market
Saturday, September 20, 2008
Current IT Market
Source: www.CurrentITMarket.com
TCS plans more lay-offs
Wipro gives pink slip to 1,000
Accenture, Gurgaon : Mass walk-ins but not
interviewing candidates
Tech Mahindra is going to fail?
Infospectrum fires 20% of workforce
Satyam fires 6000 employees
How to Pretend Working !
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