News
San Francisco – A March poll of CIOs nationwide predicts an 8.6% growth in IT budgets over the next year, up from 7.8% in December’s poll. Deutsche Bank analyst Chris Whitmore added in a research note that spending projections were up in all categories, except security software, which was flat.
Paris – Alcatel yesterday unveiled a planned merger with its smaller U.S. rival Lucent Technologies for $13.4 billion. Together, the pair would have total revenue of $25 billion, roughly matching current industry leader Cisco Systems.
The two companies plan to cut about 10% of their combined workforce, or about 8,800 jobs.
SAN BERNARDINO, CA -- The long-awaited deal for Photocircuits, the Glen Cove, NY, manufacturer of printed circuit boards, was made official Friday with the sale of the company business to a newly formed subsidiary of American Pacific Financial Corp.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
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