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added: Mon, 17th October 2005 | 220 views | 0x in favourites
feed url: http://www.computerworld.com/news/xml/0,5000,24,00.xml
Computerworld Financial News
While most eyes are still on stopping the bleed on Wall Street, smart tech companies will likely take a page out of Warren Buffet's playbook by looking for merger and acquisition opportunities with stocks at multi-year lows.
The full depth of IT's involvement in Wall Street's meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source.
Expanding Linux adoption beyond key vertical markets is important for Red Hat's growth, the company's CEO, Jim Whitehurst, said Tuesday.
EBay is buying online payment firm Bill Me Later for almost $1 billion and two Danish classified sites for about $390 million. It also announced plans to lay off 1,000 workers worldwide.
The meltdown on Wall Street may not send IT spending into a downward spiral. But it is expected to result in spending slowdowns and delayed projects as IT execs look to rein in costs.
A false iReport.com posting on CNN today that said Apple CEO Steve Jobs had suffered a heart attack sent the company's shares plunging before Apple denied its chief had been hospitalized.
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