From Austin Business Journal, October 21, 2008...
Revenue forecasts are being reduced by 66 percent of technology companies, and almost 50 percent of venture capital executives believe the current financial crisis is worse than the tech bubble crash of 2000, according to a survey released Tuesday by DLA Piper law firm.
More than half of respondents (55 percent) believe the stagnant IPO market will not begin to rebound until 2010 or later, the survey shows.
Nevertheless, there's some optimism, with clean technology being seen as a bright spot in the bleak economic picture and 55 percent of respondents saying the U.S. will lead in producing the next generation of leapfrog technologies in the coming decade
Read more...
Tuesday, October 21, 2008
Monday, October 6, 2008
The IT worker's Wall Street meltdown worry list
From Computerworld, October 3, 2008...
The only thing that seems clear today is that the U.S. is in a recession and possibly a bad one. No one is certain what will happen next. Events are changing almost by the hour. How much help will a federal bailout deliver to the nation's financial system, which has been hard-hit by the downturn? Will more financial institutions collapse, and how far down will the stock market go? Will you have a job?
What follows is a summary, in the form of an FAQ, about what we know so far about the impact of this crisis on one of the most important of areas in tech, namely, your job.
Read more...
The only thing that seems clear today is that the U.S. is in a recession and possibly a bad one. No one is certain what will happen next. Events are changing almost by the hour. How much help will a federal bailout deliver to the nation's financial system, which has been hard-hit by the downturn? Will more financial institutions collapse, and how far down will the stock market go? Will you have a job?
What follows is a summary, in the form of an FAQ, about what we know so far about the impact of this crisis on one of the most important of areas in tech, namely, your job.
Read more...
Big Tech Prepares for Big Layoffs
From Seeking Alpha, October 5, 2008...
Silicon Valley is seeing pink. Hit by turmoil in the financial markets, general economic decline, and slowing sales, the tech sector is expected to follow Wall Street with its own mass layoffs.
Rumors abound that AT&T (T), Yahoo (YHOO), and eBay (EBAY) will together release thousands of workers into the unemployment pool. Those will add to the mounting figures: Earlier this year, Sun Microsystems (SUNW)let up to 2,500 employees go; Nortel (NT) is cutting 2,100 jobs; Hewlett-Packard (HPQ) will reduce staff by nearly 25,000 following its acquisition of Electronic Data Systems; and even Google (GOOG) got into the game with the shedding of 300 jobs at DoubleClick.
According to the San Jose Mercury News, there are around 1,417,000 people out of work in California alone. That's up 413,000 from this time last year.
Read more...
Silicon Valley is seeing pink. Hit by turmoil in the financial markets, general economic decline, and slowing sales, the tech sector is expected to follow Wall Street with its own mass layoffs.
Rumors abound that AT&T (T), Yahoo (YHOO), and eBay (EBAY) will together release thousands of workers into the unemployment pool. Those will add to the mounting figures: Earlier this year, Sun Microsystems (SUNW)let up to 2,500 employees go; Nortel (NT) is cutting 2,100 jobs; Hewlett-Packard (HPQ) will reduce staff by nearly 25,000 following its acquisition of Electronic Data Systems; and even Google (GOOG) got into the game with the shedding of 300 jobs at DoubleClick.
According to the San Jose Mercury News, there are around 1,417,000 people out of work in California alone. That's up 413,000 from this time last year.
Read more...
Saturday, October 4, 2008
Silicon Hills
Here is a depiction of the area's tech companies and where they are located. Click on the image for a larger view.
Tuesday, September 23, 2008
Texas high tech exports declined in 2007
This doesn't have anything directly to do with Austin Technology Jobs, but it might be an indicator of the health of high tech and, therefore the health of that job market. --RCA
From Austin Business Journal, September 23, 2008...
Texas ranks second nationwide for the number of high-tech goods it exported in 2007, but still experienced a drop in exports as the economy soured, a new report from tech sector trade group AeA shows.
In its latest report — Trade in the Cyberstates 2008: A State-by-State Overview of High Tech International Trade — the AeA found that Texas experienced a drop in semiconductor, computer and peripheral equipment exports last year.
Texas recorded $35.9 billion in technology exports in 2007, second only to California with $48.2 billion in exports.
Read more...
From Austin Business Journal, September 23, 2008...
Texas ranks second nationwide for the number of high-tech goods it exported in 2007, but still experienced a drop in exports as the economy soured, a new report from tech sector trade group AeA shows.
In its latest report — Trade in the Cyberstates 2008: A State-by-State Overview of High Tech International Trade — the AeA found that Texas experienced a drop in semiconductor, computer and peripheral equipment exports last year.
Texas recorded $35.9 billion in technology exports in 2007, second only to California with $48.2 billion in exports.
Read more...
Monday, September 22, 2008
Austin job market holds up amid national slowdown
From statesman, September 20, 2008...
Austin's job market has slowed, but the region continues to gain jobs while many other parts of the country are losing them.
The Central Texas job growth rate was 2.4 percent in August, meaning the region had 18,100 more jobs than it did a year ago, the Texas Workforce Commission reported. Unemployment was 4.5 percent, up a tenth of a percent from July and up from 3.7 percent a year ago.
The local job market has taken some hits this year, the biggest being Dell Inc.'s decision to close two North Austin plants. The region lost 2,800 manufacturing jobs in the past year, but almost every other sector has grown.
Read more...
Austin's job market has slowed, but the region continues to gain jobs while many other parts of the country are losing them.
The Central Texas job growth rate was 2.4 percent in August, meaning the region had 18,100 more jobs than it did a year ago, the Texas Workforce Commission reported. Unemployment was 4.5 percent, up a tenth of a percent from July and up from 3.7 percent a year ago.
The local job market has taken some hits this year, the biggest being Dell Inc.'s decision to close two North Austin plants. The region lost 2,800 manufacturing jobs in the past year, but almost every other sector has grown.
Read more...
Friday, September 19, 2008
Microsoft finishes $550 million data center in San Antonio
From San Antonio Business Journal, September 18, 2008...
Microsoft Corp. has completed its massive 477,000-square-foot data center in Westover Hills in Northwest San Antonio.
The Redmond, Wash.-based computing giant will host an official opening on Monday, Sept. 22.
Microsoft (NASDAQ: MSFT) invested $550 million to develop the data center, which will host Web pages and house servers 24 hours a day. The company first announced its decision to build the new facility in San Antonio back in January 2007.
The city and county approved a tax incentive package for the data center. Microsoft is hiring 75 employees to work there.
Read more...
Microsoft Corp. has completed its massive 477,000-square-foot data center in Westover Hills in Northwest San Antonio.
The Redmond, Wash.-based computing giant will host an official opening on Monday, Sept. 22.
Microsoft (NASDAQ: MSFT) invested $550 million to develop the data center, which will host Web pages and house servers 24 hours a day. The company first announced its decision to build the new facility in San Antonio back in January 2007.
The city and county approved a tax incentive package for the data center. Microsoft is hiring 75 employees to work there.
Read more...
Austin unemployment rate hits 4.5%
From Austin Business Journal, September 19, 2008...
Austin’s unemployment rate continued climbing in August as the area struggles with the softening economy.
Unemployment hit 4.5 percent in August, up from 4.4 percent in July, according to the latest figures from the Texas Workforce Commission. A year ago, the unemployment rate was 3.7 percent.
Despite the uptick, Austin is faring better than the rest of Texas and the country. The unemployment rate in Texas stood at 5.1 percent in August, while the U.S. rate hit 6.1 percent.
Read more...
Austin’s unemployment rate continued climbing in August as the area struggles with the softening economy.
Unemployment hit 4.5 percent in August, up from 4.4 percent in July, according to the latest figures from the Texas Workforce Commission. A year ago, the unemployment rate was 3.7 percent.
Despite the uptick, Austin is faring better than the rest of Texas and the country. The unemployment rate in Texas stood at 5.1 percent in August, while the U.S. rate hit 6.1 percent.
Read more...
Survey: Texas workers may be on job hunt
From Austin Business Journal, September 19, 2008...
More Texas workers may be looking for a new job next year, according to the latest survey by Spherion Employment.
In August, the recruiting and staffing company found that 39 percent of respondents were considering a job change, up from 29 percent for the previous month.
Meanwhile, 69 percent of workers are confident in the future of their current employer. That’s up three percentage points from July.
Read more...
More Texas workers may be looking for a new job next year, according to the latest survey by Spherion Employment.
In August, the recruiting and staffing company found that 39 percent of respondents were considering a job change, up from 29 percent for the previous month.
Meanwhile, 69 percent of workers are confident in the future of their current employer. That’s up three percentage points from July.
Read more...
Tuesday, September 9, 2008
Summary of Austin Tech News
From Austin Startup, September 9, 2008...
Here’s a summary of Austin tech news.
Austin Ventures Promotes Craig Milius to General Partner. Craig is on the boards of CreditCard.com and HomeAway, and has worked with Newgistics since its inception. Recently, he spoke at Texchange on topic of technology as a service.
Zilliant Signs UK Company Travis Perkins. Travis Perkins is the leading supplier of building materials in the UK. Zilliant’s pricing optimization software is making a significant bottom-line impact.
Sailpoint Announces IdentityIQ version 3.0. This product was formerly known as ComplianceIQ.
Webcast for the Launch of Convio Common Ground. It appears that Convio is launching a new version of their CRM for non-profits that is created in Force.com, the development environment from Salesforce.com. This is actually quite interesting from a technology strategy perspective.
And in non-Austin news, Yammer looks to be the hottest Enterprise 2.0 technology we’ve seen so far.
Read more...
Here’s a summary of Austin tech news.
Austin Ventures Promotes Craig Milius to General Partner. Craig is on the boards of CreditCard.com and HomeAway, and has worked with Newgistics since its inception. Recently, he spoke at Texchange on topic of technology as a service.
Zilliant Signs UK Company Travis Perkins. Travis Perkins is the leading supplier of building materials in the UK. Zilliant’s pricing optimization software is making a significant bottom-line impact.
Sailpoint Announces IdentityIQ version 3.0. This product was formerly known as ComplianceIQ.
Webcast for the Launch of Convio Common Ground. It appears that Convio is launching a new version of their CRM for non-profits that is created in Force.com, the development environment from Salesforce.com. This is actually quite interesting from a technology strategy perspective.
And in non-Austin news, Yammer looks to be the hottest Enterprise 2.0 technology we’ve seen so far.
Read more...
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