Just as these days of crisis have made for sparse technology news, the health of the technology industry has gone "from bad to worse," according to a Siliconvalley.com article. Confidence among individual consumers is down (athough I personally witnessed brisk traffic at a local outlet mall over the weekend) but more importantly, businesses are postponing large expenditures of PCs, enterprise software and other high tech equipment.
In the News Archive
While high technology has had a major effect on the U.S. military arsenal, strategists warn that high tech weapons may not be enough to achieve importatnt aims in the U.S. war on terrorism. Capturing Osama bin Laden, for example, will likely be achieved only through local help and the old fasioned art of making friends with locals in the know. An Associated Press story outlines some of the major high tech tools to be used by the U.S. military in its search for bin Laden, and their recent track record.
The Register writes: "Compaq's iPaq PocketPC development team seems to be so unhappy with the upcoming merger with Hewlett-Packard, they have en masse offered their services to the highest bidder on the online job search site The Vault. Under the headline "iPaq PPC Engineering Team for Hire", the "core iPaq engineering team" says it is "seeking new opportunities and want to design the next winning PPC for your company. This team is responsible for the original iPaq and other designs that are yet to be released. Our team will vault your company ahead of its competitors." Our Take: I wonder if Palm will cancel the deal of the $11 million they would pay to Be, Inc. to just get the Be engineers and send offer letters and Palm Pilots as gifts (but this time, recent models with working batteries) to the iPaq engineers. ;-)
NY Times reports that Hewlett-Packard will announce that it is acquiring Compaq Computer for $25 billion USD in stock in a bold move to grow as the computer business struggles with shrinking sales, executives close to the negotiations said last night. If completed, this will be one of the bigest merges/buyouts in the computing business history.