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HP says IT revamp will save $1B yearlyHewlett-Packard Co. said Monday it cut about half its information-technology operating costs and implemented other changes that will equate to savings of about $1 billion per year. Palo Alto-based HP (NYSE:HPQ) said it ended a revamp of its IT operations that emcompassed about three years and will also mean a cut in internal IT spending to about 2 percent of revenue in 2009. In 2005 the company spent about 4 percent of its revenue in that area.HP said it consolidated more than 85 IT data centers into six centers and cut energy consumption by 60 percent, partly because of a 40 percent decrease in the number of servers.The company also cut about 10 percent of its work force when it began the restructuring process.

HP says IT revamp will save $1B yearlyHewlett-Packard Co. said Monday it cut about half its information-technology operating costs and implemented other changes that will equate to savings of about $1 billion per year. (HPQ)
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altWireless smartphone maker Palm Inc. said Monday it is cutting its work force and consolidating offices, and expects second quarter revenue in the range of $190 million to $195 million and restructuring costs of $7 million to $9 million.
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altJPMorgan Chase said it will lay off 3,400 Washington Mutual employees in Seattle, about 81 percent of the bank http://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/sanjose/stories/2008/12/01/daily12.html
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altBPO innovation promises big savings, happier customers
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altCome back in three years, we'll give you a new one

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But critics say isn't enough

Source: silicon.com Read more (223) ...

altAre Chrome and Firefox fighting a losing battle?

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altThe gremlins attack when we least expect it

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altNeed more investment, say CIOs

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altBrowsing the G1

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