Data storage equipment maker Brocade Communications Systems Inc. trimmed its revenue outlook but raised the lower bracket of its operating earnings forecast Wednesday, sending its shares sharply higher.
After taking one of the first Internet companies -- EarthWeb -- public in 1998, Nova Spivack joined some friends at a weedy airstrip deep inside the new Russia for a trip into Earth's stratosphere.
From almost every angle, it looked like one sweet deal.
Before there was Goo-Tube, there was Googleplex.
In telecom, nobody wants to be just a dumb pipe.
At 2 p.m. on Aug. 8, the Federal Reserve declared a cease-fire in its long-running rate-hike campaign. A week later the government reported benign inflation figures for July: The producer price ind...
Nearly half of U.S. IT jobs involve the upkeep and maintenance of computers - a sector previously thought to be safe from offshoring. But technological change is sweeping the industry, and soon the servers that host your favorite websites or run your online banking could be run from halfway around the world.
Margie Backaus is standing on a 17-acre plot outside Secaucus, N.J., shaking her head in disbelief. Garbage bags and broken glass litter the ground, and weeds have taken over the parts of the land ...
Margie Backaus is standing on a 17-acre plot outside Secaucus, N.J., shaking her head in disbelief. Garbage bags and broken glass litter the ground, and weeds have taken over the parts of the land that aren't bald. At least the view is nice, if you like power lines, shipping containers, and the New Jersey Turnpike.
The mountain of file cabinets at your local hospital offers telling testimony to the medical industry's need to join the Information Age. Now, hospitals are being pressured to turn those files into more reliable bits and bytes. (See how a large dose of technology transformed VA hospitals.)
Data storage equipment maker Brocade Communications Systems Inc. trimmed its revenue outlook but raised the lower bracket of its operating earnings forecast Wednesday, sending its shares sharply higher.
After taking one of the first Internet companies -- EarthWeb -- public in 1998, Nova Spivack joined some friends at a weedy airstrip deep inside the new Russia for a trip into Earth's stratosphere.
From almost every angle, it looked like one sweet deal.
Before there was Goo-Tube, there was Googleplex.
In telecom, nobody wants to be just a dumb pipe.
At 2 p.m. on Aug. 8, the Federal Reserve declared a cease-fire in its long-running rate-hike campaign. A week later the government reported benign inflation figures for July: The producer price ind...
Nearly half of U.S. IT jobs involve the upkeep and maintenance of computers - a sector previously thought to be safe from offshoring. But technological change is sweeping the industry, and soon the servers that host your favorite websites or run your online banking could be run from halfway around the world.
Margie Backaus is standing on a 17-acre plot outside Secaucus, N.J., shaking her head in disbelief. Garbage bags and broken glass litter the ground, and weeds have taken over the parts of the land ...
Margie Backaus is standing on a 17-acre plot outside Secaucus, N.J., shaking her head in disbelief. Garbage bags and broken glass litter the ground, and weeds have taken over the parts of the land that aren't bald. At least the view is nice, if you like power lines, shipping containers, and the New Jersey Turnpike.
The mountain of file cabinets at your local hospital offers telling testimony to the medical industry's need to join the Information Age. Now, hospitals are being pressured to turn those files into more reliable bits and bytes. (See how a large dose of technology transformed VA hospitals.)
Automatic Data Processing ranks no. 271 on this year's list of the FORTUNE 500, with $8,499.1 million in revenues, up 9.6% from the previous year. The Roseland, N.J.-based company was ranked no. 277 on the 2005 list. Its 2005 profits were $1,055.4 million, up 12.8% from a year earlier.
General Motors, despite its billion-dollar losses and weakened credit rating, is going ahead with plans to spend as much as $15 billion on information technology over the next five years, the largest such subcontracting agreement ever.
Ever since tech pundit Nicholas Carr published a provocative Harvard Business Review article titled "IT Doesn't Matter," business leaders have been debating Carr's thesis that information technolog...
(FORTUNE Small Business) - John Hoss, partner and VP of Freeport Launch Service, doesn't have time to monkey with his computer system. Operating a nine-vessel fleet off the coast of Freeport, Texas...
On the 10th floor of a New Orleans high-rise, Michael Barnett, crisis manager at DirectNic, is blogging (www.mgno.com) about his co-workers' efforts to keep the Internet service provider online through the hurricane and its aftermath.
After years of competition, the world's two most populous countries -- China and India -- are starting to embrace cooperation.
LexisNexis announced Wednesday that IDs and passwords belonging to customers of its newly acquired Seisint unit were "misappropriated" by "third parties" and used to access information on 32,000 individuals in a "potentially fraudulent" way. (See correction.)
A top FBI official said Thursday the bureau may have to scrap a computer program that so far has cost $170 million and was intended to be an important tool in fighting terrorism.
Blake Ross is lounging at his parents' Florida Keys condo, thinking ahead to his first day back at Stanford. His goal for his sophomore year: nothing less than to "take back the Web" from Microsoft...
Executives at Cisco, Dell, Microsoft and IBM don't need to worry about losing a lot of corporate business any time soon -- at least according to a new report about customer loyalty in the tech sector.
Some time between 2008 and 2010, annual export revenues from India's information technology (IT) sector are predicted to hit $50 billion, up from $16.3 billion this year.
In Chicago, the FBI gets a tip that terrorists plan to infect large numbers of Americans with a dangerous virus. But in the past the informant revealed information on smuggling, not terrorism. Agen...
Sam Palmisano has reason to feel good. Two years ago he took over one of the biggest jobs in American business and, along with it, the mantle that had been worn by now-legendary CEO Lou Gerstner. ...
Bubble Madness Is Over (Hallelujah!)
Where have all the Web hosting companies gone? At the height of the dotcom era, there were nearly a thousand of them, ranging from Exodus, once valued at $80 billion, to Intel Online Services. Now ...
The outsourcing of prized information technology jobs overseas has created tens of thousands of new jobs in the United States, according to a recent study commissioned by the information technology industry.
NEW YORK (CNN/Money) - The job market may not be booming. But for many in the college class of 2004, it won't be quite as dismal as it was for last year's grads.
As painful as the labor market has been lately, what's even more painful is that many of the 2.5 million jobs lost in the past few years are never coming back.
IBM's Research Labs have long been known for hard-tech breakthroughs like the invention of the disc drive and the relational database. Lately, though, Jim Spohrer and his 18-member team of anthropo...
The strength of the American economy over the next 20 years depends largely on our ability to keep our productivity growing. And productivity grows when a large set of novel technologies changes bu...
It's midmorning in late October, and Maimonides Medical Center in Brooklyn is already frenetic. On the fifth floor Dr. Victor Guadagnino, a private-practice physician, checks lab reports at a compu...
Marc Andreessen is scribbling so furiously that he's about to tear through the paper into the table below. He whips off a few oblong shapes. "Somewhere in here is where we are now," Andreessen says...
Andrew Tomkins, a British computer scientist, is pretty much your typical ivory-tower egghead. He's spent his entire adult life either in academia--he earned advanced degrees from MIT and Carnegie-...
There's nothing like a punchy headline (see above, for instance) to get an article some attention. A recent long piece in the Harvard Business Review shockingly labeled "IT Doesn't Matter" has garn...
AT&T used to love hiring management consultants. At any given time there were as many as 300 people from the country's most elite and revered strategy firms--McKinsey & Co., the Boston Consulting G...
Yes, Mom and Dad, you should still encourage your kids to go into software if you want to be supported in your old age. There was a flurry of pink slips as the dotcoms busted, but only about 54,000...
It may be the most sophisticated factory ever built. In a cavernous building the size of several football fields, rows of multimillion-dollar machines loom over white-suited workers. Air scrubbed f...
Behind every pitch for business software lies a kind of quiet extortion. If you don't buy this product, maybe your competitors will. Maybe they will then go on a sustained surge in productivity and...
If there's one thing an effective empire builder needs, it's a good map. Microsoft's map for reshaping and reviving the world of business software can be found on floor two of Building Four on the ...
Paul Wick has run the Seligman Communications & Information fund since he was 25. The fund manager now oversees the biggest tech-centric mutual fund in the country, with $3.5 billion in assets, and his tenure is one of the longest in the tech fund business.
Pick up the latest FORTUNE, Forbes, or Fast Company--gosh, they're all thinner, aren't they?--and you'll know that knowledge management is what we all must do better, you value-added knowledge work...
Who cares how many taps of a pen or clicks of a jog dial it takes to get a phone number on a PDA? Who cares whether a Website's shopping basket clearly confirms a purchase? Who cares whether a mode...
A goofy, eight-minute animation on the Web depicts a certain businessman as the devil, hell-bent on taking over the Internet. No, it's not Bill Gates or Steve Case but somebody called Stratton Scla...
The dilemma is so sharp, it almost hurts: Companies are desperate to cut costs as the economy slows--Wall Street will murder them if they don't--yet reducing Net-related spending could put them at ...
I know this may sound obscure but, dear reader, I simply must tell you about metadata! Metadata presents the biggest challenge the tech industry faces in delivering the ubiquitous, ever present, ne...
As far as the information technology industry was concerned, the 1990s were "The Bill and Andy Show." The kingpins of Wintel not only dictated the bits, bytes, and business models of computing but ...
As dawn breaks in Las Vegas, an unlikely crew of venture capitalists spills onto the people mover at Bally's Casino, stogies in hand, bleary-eyed from a night at the blackjack tables. Thrown in amo...
Shares in Electronic Data Systems got clobbered in June after the company warned that its second-quarter sales wouldn't meet analysts' expectations. The stock shed a quarter of its value in a matte...
As the mercury rises this summer, Jim Fitzmaurice will feel the pressure build. A 28-year veteran of Commonwealth Edison in Chicago, Fitzmaurice rose through the ranks of linemen inspecting overhea...
Software portal for midsized companies HQ: Sunnyvale, Calif. Founded: 1999 Sales: N.A. Employees: 190 Stock: Privately held Address: www.jamcracker.com
The Gartner Group has always billed itself as "the world's leading authority on information technology." That's a weighty claim, but it's nothing compared with what fans of Gartner's stock once sai...
The Internet changes everything. We've heard that phrase so often in the past couple of years that it has ceased to have any shock value. Of course the Internet changes everything. Why else are Web...
Outside, the building could not be more ordinary--it's indistinguishable from hundreds of other offices dotting Silicon Valley. You'd never suspect that inside are computers running services, like ...
Data storage has always been a sideshow in information technology--the main action has been computers themselves. Now a storage-liberation movement is afoot. New technology and customer needs are g...
Today's Internet poster boys are retail Web companies like Yahoo, Amazon.com, and eBay. But another class of Net company--one that matters more to your business--is starting to get respect and win ...
Larry Ellison, the swashbuckling founder and CEO of Oracle Corp., is much better known for his extravagant avocations than for his executive skills. After all, he's the guy who, besides running the...
Pat Zilvitis is chief information officer at Gillette in Boston and a huge IBM customer. But it's not the quality of Big Blue's PCs, servers, and mainframes that draws him. "I often don't know if I...
Bill Gates has a lot on his plate. As Microsoft's chairman and CEO, he's managing a galloping company that sees no bounds to its growth. There's also the pesky distraction of the company's ongoing ...
EMC Corp. may not be a household name, but information about your household is almost certainly stored on EMC's enterprise data systems. When you pay taxes, make a phone call or buy a CD on the Int...
Who'll be the leader of the packet? Cisco Systems is the top dog in data networking equipment--the machines that route Internet traffic and connect computers on far-flung corporate networks. Lucent...
Pity the folks in staff jobs. In the '80s they got dumped on for being overweening, ham-handed meddlers, worse than Congressmen, who wouldn't know how to meet a payroll if their grandmother's mortg...
Right now, chief information officers around the world are rejoicing. The mainframe is back, and this time it looks cool, a lot cooler than those damn personal computers, which have been giving tec...
LOUIS V. GERSTNER JR.'s ongoing makeover of International Business Machines Corp. has altered the $72-billion-a-year company--No. 6 on this year's FORTUNE 500 list--in all sorts of interesting ways...
Boom! Don't look now, but U.S. companies are shelling out for capital equipment more furiously than at any time since the heady 1960s--back when the dollar was as good as gold, and America was unde...
IT COMES DOWN to this: All your TQM and reengineering and teamwork and delighting the customers are riding on the back of a double-clutching, diesel- guzzling, steel-girded mastodon rumbling down t...
"Information is the enemy both of literature and intelligence."-- Donald Hall
LOOKING BACK, weren't we naive to think we had only to drop nearly $1 trillion of computer hardware into the slot, wait a little while for the machinery to clank and grind, and, presto, a big produ...
If Hollywood gave an Oscar for economics, the person who figured out how to measure productivity more accurately would be a sure winner. It's a tough role -- no one really knows what the new econom...
Technophobes have long warned that computers would be the undoing of the American worker. And indeed, new research suggests that when companies invest in information technology (IT), their average ...
Looking for a yield higher than the measly 3% available on CDs and money- market funds? Who isn't? But the recent bond market tumble was a scary reminder of just how risky many higher-yielding inco...
SOON AFTER you switch on a new computer, it starts to sprout cables like branches and peripherals like leaves. Time-lapse photography would show how quickly the typical personal computer can strang...
Air-Vet ships drugs, medical instruments and other equipment worth $7 million to $8 million a year -- hundreds of packages a day -- to veterinarians all over the U.S. Yet you won't find any stock c...
1994 INFORMATION TECHNOLOGY GUIDE
THOUGH BARELY out of its infancy, information technology is already one of the most effective ways ever devised to squander corporate assets. Year after year, the typical large business invests as ...
THE HONORABLE Chester Cadaver, a character in the Firesign Theatre comedy troupe, once said that trying to figure out the complex world of the future is ''a little like having bees live in your hea...
WHEN McKesson Corp. wanted to automate its big drug distribution center in Spokane, it turned to Don Bennett. He's no high-priced computer consultant or programmer. McKesson hired those from EDS, t...
EVERYBODY'S DOIN' IT, doin' it, doin' it. Business process reengineering is the hottest trend in management. The mint should coin money as fast as the consulting firms that peddle reengineering, se...
AT ITS HUGE manufacturing complex in Rochester, New York, Eastman Kodak operates its own steam, electricity, and water purification plants. Kodak firefighters stand on call at Kodak firehouses. Bri...
RECESSION and intensifying competition have put a ring akin to a hangman's noose around the white collar, menacing the fastest-growing segment of the work force with layoffs and hiring freezes. Bel...
AS PUBLISHER of the Wall Street Journal, Dow Jones & Co. is marking the paper's 100th anniversary this year with appropriate ceremony: fancy Manhattan parties for CEOs who read the Journal and adve...
The brainchild of controversial billionaire H. Ross Perot, Electronic Data Systems -- now a subsidiary of General Motors -- has matured into a premier growth company, analysts say. Since GM took ov...
IT WAS AN AWFUL MESS,'' recalls Gene Wirsig, a technical services manager for the western division of Potlatch Corp. The FORTUNE 500 forest products company ^ owns 600,000 acres of timberland in no...
AMERICAN executives feel a sense of vast impending change, and they ought to. Take a look at what they can already foresee in the Nineties. Companies will be forced to develop products and make dec...
COMPETITORS snickered when they heard the name that IBM Chairman John F. Akers gave to 1987: ''Year of the Customer.'' Isn't every year the year of the customer? Was the computer colossus losing to...
THE ONLY BARGAINS found in department stores these days appear to be the stores themselves. Long before the market crash, such retailers as Allied Department Stores, Associated Dry Goods, and Feder...
A commercial real estate broker in Boston pops a compact disk into a player. She taps a few keys on her computer terminal. The floor plan and pictures of an office tower in Dallas pop up on her cli...
VITTORIO CASSONI sometimes lies awake at night worrying that orders for AT&T's computers aren't piling up fast enough. Small wonder. When the fashionably tailored native of Parma, Italy, arrives at...
''There have only been six chief executives of IBM,'' says John F. Akers, the sixth. ''I hope that when my tour is over, people will look back and say, 'He deserved to be among them.' '' Akers just...
THESE SHOULD be the best of times for managers. The U.S. economy is entering its fourth year of recovery; unemployment is near a five-year low; interest rates have dropped; inflation has been aroun...
WITH SOME KICKING and screaming along the way, the business managers of the Western world have long since adapted to computers. No sizable capitalist enterprise could be competitive nowadays withou...
THE FITFUL ADVANCE of electronic funds transfer is about to make an important forward lurch. A for-profit company, General Electric, will soon begin competing with the Federal Reserve System in pro...
''WE'VE got the products,'' says John Sculley, Apple Computer's president, ''but the big question is, have we got the ability to sell them? Is Apple a credible enough name for large corporations? O...
IF YOU ARE among the hundreds of thousands of Americans who have recently begun using ''on-line databases,'' you doubtless have a strong sense of doing something futuristic. The explosion of these ...
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