Wall Street hit by surprise decline in jobs
,----[ Quote ]
| US equities fell for a second consecutive week, bruised by weak economic
| data, the falling dollar, soaring commodity prices and renewed concerns about
| the health of global credit markets.
`----
http://us.ft.com/ftgateway/superpage.ft?news_id=fto030720081316052581&referrer_id=yahoofinance
Self-inflicted. Time for change...
Recession: A Boon for Open Source?
,----[ Quote ]
| Whether the United States runs into an extended enough period of negative
| real economic growth (two or more successive quarters, according to the
| classical definition) or if the country simply sees a noticeable slowdown in
| economic growth, IT budgets are guaranteed to be restricted--possibly
| dramatically. "During an economic slowdown, not everything slows down [and]
| IT projects will continue to be undertaken," Rich Green, Sun's executive vice
| president of software was quoted as saying. "But IT budgets will be reduced,"
| and he noted that lower cost options, including open source, would get a
| boost. Green was also quoted as saying that FOSS is changing the world,
| although he stopped short of saying that proprietary software would go away.
`----
http://ostatic.com/158388-blog/recession-a-boon-for-open-sourcess
Related:
Sun: Economic slowdown favors open source
,----[ Quote ]
| Speaking to ZDNetAsia in an exclusive interview, he said the economic
| slowdown in the United States will favor open source companies. "During an
| economic slowdown, not everything slows down [and] IT projects will continue
| to be undertaken. But IT budgets will be reduced," he said, noting that
| companies will then turn to lower cost software options such as open source.
`----
http://www.zdnetasia.com/news/software/0,39044164,62038598,00.htm
Software Firms Face Recession Ripple Effect
,----[ Quote ]
| If the economic downturn hits the information technology sector, investors in
| business software companies are probably safe for one more quarter of
| earnings reports.
`----
http://www.thestreet.com/_yahoo/newsanalysis/techstockupdate/10403419.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
http://tinyurl.com/35tfgn
Forrester cuts tech outlook on U.S. recession risk
,----[ Quote ]
| Technology research firm Forrester Research Inc cut its forecast for 2008
| global technology purchasing growth by a third on Sunday, citing the risks of
| a U.S. recession
`----
http://www.reuters.com/article/marketsNews/idUKN0848701220080211?rpc=44
Forrester, IDC cut tech outlook on US recession risk
http://www.reuters.com/article/marketsNews/idCAN1165370220080211?rpc=44
Recession fears could end bull market
,----[ Quote ]
| The slide could be halted, however, if bellwether companies such as Apple and
| United Technologies engender hope that the U.S. economy can avert recession.
`----
http://biz.yahoo.com/rb/080121/column_stocks_outlook.html?.v=2
,----[ Quote ]
| Sadly, many of these brilliant people have been blinded by the stock
| price and unable to see that Microsoft is also the key architect of
| the greatest financial pyramid scheme this century.
|
| It is not uncommon for participants in pyramid schemes to lose their
| emotional bearings. My close friends who work at Microsoft are
| particularly upset over my work and it is possible that even Bill
| Gates and Steve Ballmer do not realize the implications of their
| financial practices.
`----
http://www.billparish.com/msftfraudfacts.html
,----[ Quote ]
| As with all pyramid schemes, it is important to get as close to tier
| 1 as possible. From a practical standpoint, usually only tiers 1 and 2
| will derive significant long-term economic rewards from such schemes.
`----
http://reactor-core.org/microsoft-pyramid.html
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