Larry formerly served as the East Coast news editor and Finance Editor at CNET News.com. Prior to that, he was editor of Ziff Davis Inter@ctive Investor, which was, according to Barron's, a Top-10 financial site in the late 1990s. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine.
Typically, worries about the United States future in technology are brushed aside by uttering four words: “The next big thing.”The next big thing will give displaced workers a new career and give them an opportunity to become wealthy if their jobs go abroad. Itll also keep the United States the most productive economy in the […]
The loss of high-paying jobs to other countries isnt viewed as a national security issue yet, but that may change. If information technology is increasingly moved offshore, the Department of Defense may take a closer look, say analysts. Why? The U.S. military is increasingly relying on information systems and if that technology cant be procured […]
Will the movement of high-paying technology jobs gut the U.S. tax base?In all likelihood, the impact will be muted. Economy.com estimates 800,000 back-office jobs will disappear forever over the next five years. Assuming an average salary of $60,000, thats lost wages of about $50 billion. Multiply by 1.2 to account for the trickle-down effect, and […]
Chris Heim knows hell have to eventually send some of his product development work to India, China or some other country.The chief executive of HighJump Software, a supplier of supply-chain software based in Eden Prairie, Minn., has a rival that already has 200 developers in India, getting paid about $10,000 a year each. He has […]
NEWS ANALYSIS: Oracles bid for PeopleSoft could have turned out differently if CEO Larry Ellison didnt lose style points in the companys opening volley. Consider how PeopleSoft customers might have reacted differently to Oracles hostile takeover bid if not for this paragraph in the database giants initial press release. “Although we will not be actively […]
Arlyn Richards doesnt want a spate of proposed enterprise software mergers to become an implementation headache for him. Richards, manager of information systems at Gallatin Steel based in Ghent, Ky., is a two-year J.D. Edwards customer and hopes PeopleSoft doesnt absorb his OneWorld suite, leaving him with what effectively will be another integration job. Gallatin, […]
Recent attacks in the West Bank, Riyadh and Casablanca may mean the war on terrorism is far from over. But despite those ominous rumblings, technology executives say they have not increased spending on securing their data networks—and are still wrestling with the question of how much to spend. These are findings of the Project Security: […]
When Data Processors International (DPI) revealed in February that an “unauthorized outside party” ran off with more than five million Visa and MasterCard account numbers and expiration dates, it got an instant wakeup call. Not only were the credit card customers accounts potentially at risk, so was the companys reputation for trustworthiness. Luckily, the accounts […]
Monitor-maker ViewSonic did not see this one coming. A network administrator it once employed was arrested last month for hacking into the monitor-makers network and wiping out critical files. It could have been worse. The former employee, Andy Garcia, 39, of Montebello, Calif., could have been more destructive. He also was charged with possession of […]
Earnings season is over. Executives have given their all-important “guidance” about upcoming quarters and the outlook. So now what should an enterprising investor do? Watch those regulatory filings. Its time for 10-Qs and 10-Ks, also known as quarterly filings and annual reports. These often long-winded reports have to be filed with the Securities and Exchange […]