Word: infotech
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...other companies were scaling back in the past two years, HP was on the hunt for bargains. Hurd found his first in August 2008, when HP spent $13.9 billion to buy the languishing infotech-consulting giant Electronic Data Systems (EDS), a direct play against high-end-services leader IBM. Then last November, HP announced it would pay $2.7 billion for networking concern 3Com, a means to rile Cisco as well as expand HP's footprint in the rapidly growing China market, where 3Com is strong. About 70% of HP's business is overseas...
...Dubai had limited reserves, prompting its rulers to turn to other industries to fuel their bold economic aspirations. Starting in the 1980s, at the prompting of Sheik Mohammed bin Rashid al-Maktoum, then the crown prince, Dubai fashioned itself into a free-trade oasis. It opened a tax-free infotech hub, Dubai Internet City, in 2000, to attract technology companies; media, finance and maritime projects soon followed...
...could figure out even how to begin figuring it out. Tomorrow's careers are likely to require more knowledge of networks, probabilities, statistics and risk analysis. That's why it would be useful to have the standards-setting body be advised by recruitment officers from the infotech, biotech, medical and, yes, financial sectors...
Tullman's success has allowed him to point his infotech mind-set elsewhere. He invests in start-ups, mostly in health care and education, the two sectors he believes are in deepest crisis. One company, Extended Care Information Network, automates the difficult process of finding extended-care facilities for debilitated patients. Another, Experiencia Inc., is an educational venture that puts grade-schoolers through eight-week courses in economics and science and then immerses them in simulations that bring their learning to life--running a city, dealing with an ecological disaster...
...Earth the infotech industry has to put up with this when they themselves have produced the means to eliminate such gatherings altogether is one of the greatest ironies of our times. You can watch the keynotes, order products and subject yourself to a barrage of ads online. "The whole point is to get the f___ out of the office," one Comdex veteran told me. That may be true, but even the week's most decadent moments seemed sadly sordid...