The information technology industry suffered most from the ongoing world economic crisis. But it is still optimistic to recover to high growth rate in coming times. IT sector would use the situation for advantage in next growth cycle.
Sun Microsystems announced a slash in the employee headcount yet again - this time a little deeper to appease investors and to get back to profitability. On Friday, the company talked of a restructuring that involves layoff of 15 percent to 18 percent of its global workforce, which works out to approximately 5,000 to 6,000 employees.
ZTE Corporation, a top global provider of telecommunications equipment and network solutions, has rolled out the prototype of the world’s first 10G EPON network equipment including related system services.
The ZXA10 C220 and MDU prototype equipment are unified platforms designed for EPON, 10G EPON and GPON networks.
Satyam Computer Services, the fourth largest IT solutions and service provider, has acquired the software development centre of Motorola in Malaysia.
Under the arrangement, Motorola will divest from its software development centre in Cyberjaya, subsequently all 128 employees – along with the unit’s assets – will shift to Satyam.
With the intention to cater to an increasing European and North American clientele, Tech Mahindra, India's sixth largest software exporter, has opened up its sixth centre of excellence in South Tyneside, UK.
The provider of solutions and services to the telecommunications industry has invested £3 million invested during phase-I of the project, while another £2 million will be invested during phase-II.
The new centre would generate 500 new jobs over the next three years.
Bharti Teletech, one of India's leading manufacturers and distributors of telecom & allied products, has signed up a strategic pact with Transcend Information Inc., a leading global player in the Memory accessories business.
Under the deal, Bharti Teletech will sell and distribute the complete range of Transcend products in the Indian market.
Transcend will be able to leverage Bharti Teletech’s wide retail network of more than 36000 retailers spread across 3600 Towns in the country.
The information technology industry suffered most from the ongoing world economic crisis. But it is still optimistic to recover to high growth rate in coming times. IT sector would use the situation for advantage in next growth cycle.
Sun Microsystems announced a slash in the employee headcount yet again - this time a little deeper to appease investors and to get back to profitability. On Friday, the company talked of a restructuring that involves layoff of 15 percent to 18 percent of its global workforce, which works out to approximately 5,000 to 6,000 employees.
ZTE Corporation, a top global provider of telecommunications equipment and network solutions, has rolled out the prototype of the world’s first 10G EPON network equipment including related system services. 
Satyam Computer Services, the fourth largest IT solutions and service provider, has acquired the software development centre of Motorola in Malaysia.
With the intention to cater to an increasing European and North American clientele, Tech Mahindra, India's sixth largest software exporter, has opened up its sixth centre of excellence in South Tyneside, UK.
Bharti Teletech, one of India's leading manufacturers and distributors of telecom & allied products, has signed up a strategic pact with Transcend Information Inc., a leading global player in the Memory accessories business. 
