It seems that multinational computer technology corporation, Microsoft India too is feeling the heat of the ongoing global economic crisis.

Thus, in order to optimize costs and streamline processes, Microsoft India came forward and launched its customer relationship management (CRM) software on Wednesday.

As a value-driven customer relationship management solution, Microsoft Dynamics CRM 4.0 offers the facility for organizations to optimize productivity, profitability, infrastructure and their budgets.

Spice has rolled out its latest mid level VAS-enabled handset, the S-940 in the Indian market.

Targeting youth and college students, the new Spice phone (S-940) comes packed with amazing features, which  includes a 2MP camera with flash, music player with dual speakers, stereo Bluetooth, FM, privacy lock, Opera Mini, SMS scheduler, dazzle ringtone and FM (with record and play).

The newly launched phone that weighs 96 grams has 8 MB of internal memory and a 1GB microSD card expandable up to 2GB.

Sony has made announcement about the launching of its pocket styled Vaio P notebook series namely the VGN-P13G and the VGN-P15G in the Indian market.

The modish notebooks are small enough to fit users pocket or handbag.

The newly launched Vaio P series come loaded with astounding functions including an integrated Motion Eye webcam, microphone, a noise canceling headphone and an ultra-bright 20.3 cms LED backlit screen having a wide 1600 x 768 resolution.

New York - AOL is to cut 700 jobs or 10 per cent of its workforce as the economic downturn reduces advertising income, the company announced Wednesday in an email to employees.

The company, which is part of media conglomerate Time Warner, will also reorganize into three main business groups focusing on advertising, social networks and media content, said the email, which was first reported by the Wall Street Journal. AOL will also not be granting pay raises this year to employees.

ComScore, Inc, a leader in assessing the digital world, has released its December rankings of the biggest and fastest-growing Internet properties and site categories in the U.K. based on data from the comScore World Metrix audience measurement service.

According to report, the beginning of the Christmas shopping period brought augmented traffic to online retail sites, with the jewelry/luxury goods/accessories group witnessing the strongest expansion, followed by the mall, music, and flowers/gifts/greetings categories.

San Francisco  - Microsoft is laying off 5,000 workers, Intel is closing five fabrication plants, and even mighty, can-do-no-wrong Google is slashing perks and laying off recruiters.

But for a Silicon Valley steeled by the 2001 dot-com bust, a recession that could be the longest and deepest in 80 years is not causing panic or prophecies of doom.