Reflections of a BizDrivenLife

A Technology Entrepreneur Shares his tips on how to win in Business… and in Life!


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About Me:

I may be a learned scholar, a successful businessman, or a good father and husband, but until I am all three, I have not succeeded. Wilson Ng

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Category:

Outsourcing to drop

July 22nd, 2008 by Administrator

Yesterday, a research firm noted that IT staff would be one of the more recession proof jobs.

Maybe not, according to this.

3rd party professional services seems like the place they would be cutting….

Study: IT jobs will drop in 2009

IT staff jobs are at increasing risk — both for contractors and in-house workers — according to a survey of top CIOs by Goldman Sachs & Co. released last week. Global services companies will also feel the pinch because of the slowing economy.

A second survey showed that basic PC and network hardware, as well as professional services providers, would bear the largest proportion of spending cuts. It also showed that CIOs planned to emphasize economizing measures over investments in new technologies, with cloud computing emerging as the last item on their priority lists, despite the hype around it.

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Posted in On Technology | 1 Comment »

How do you Evaluate Stocks?

July 22nd, 2008 by Administrator

Here are scenes in the stock market that are becoming common — you beat your forecasts, you increase earnings by 31 percent, and then when you can’t increase it as much as they think you should, they pummel you.

The pain of becoming public is that even if you are the CEO, you hardly own or can dictate anything anymore….

Apple 3Q profit jumps 31 percent but stock drops: Financial News - Yahoo! Finance

Macintosh and iPod sales helped boost Apple Inc.’s fiscal third-quarter earnings 31 percent, beating Wall Street’s expectations Monday, but investors pummeled the stock after Apple issued soft guidance for the current quarter.

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Posted in FrontPage, on Business | No Comments »