The top 20 private equity and hedge fund managers in the U.S. – all White men – made on average $675.5 million (Rs 2,700 crore) in 2006, or 22,255 times the pay of an average U.S. worker, according to a Forbes study cited in a new report called Executive Excess 2007: The Staggering Social Cost […]
After several years of displacing high-paying U.S. IT jobs through its low cost Indian outsourcing operations, Azim Premji’s Wipro Technologies is now throwing a few crumbs to the Americans. Wipro Technologies said Monday that it’s setting up a new software development center in Atlanta that would hire 200 employees in the first year and grow to […]
HP’s executive VP of Imaging and Printing group Vyomesh Joshi may have lost out in the race to head one of Silicon Valley’s storied computer companies. But the man has not been not standing still. On Tuesday, HP’s Imaging and Printing group, headed by Joshi, rolled out 17 new printers as well as a $300 […]
We were perhaps the first to write about German enterprise software house SAP’s ambitious plans for the Indian market back in the mid-1990s when our ship was still anchored in Bangalore. So it’s gratifying to note more than a decade later SAP’s significant presence in, and committment to, the Indian market. During the current visit […]
The goal of developing easy-to-manage desktop computers and reducing total cost of ownership (TCO) has been the cherished dream of several Silicon Valley entrepreneurs for more than a decade. Oracle’s Larry Ellison tried and failed in the late 1990s with his network computers (remember the famous NCs?). Ellison’s buddy Scott McNealy of Sun failed to make much headway […]
Taiwanese PC vendor Acer is acquiring Gateway for $710 million in stock ($1.90 per share) in a deal that should mean more difficult times ahead for struggling computer company Dell. The merger would lead to a company with $15 billion in annual sales and 20 million PCs shipped. Acer intends to retain the Gateway brand […]