News
DUBLIN -- The worldwide telecommunications market will double by 2010, according to a just released report.
Research and Markets says telecom sales will hit $282 billion within five years, driven by Internet networks, particularly in existing markets.
Digital, IP and Ethernet will replace other protocols, Research and Markets said. Meanwhile, 3G base stations will work side-by-side with WiMAX 802.16 base stations in urban areas.
Today's largest existing markets are forecast to grow to $446.9 billion by 2010, up from $197 billion this year.
SAN JOSE -- The 90-day moving average orders of North American-based manufacturers of semiconductor equipment was $1.07 billion in June, good for a book-to-bill ratio of 0.93.
Bookings were up 5.5% over revised May levels and 33% below June 2004, said SEMI, which tracks the data.
SAN JOSE -- Hewlett-Packard will cut 14,500 jobs over the next six quarters as the computer and peripherals maker reduces its full-time staff by 10%.
The company will take a pretax restructuring charge of about $1.1 billion over the next six quarters, beginning in the fourth quarter of fiscal 2005.
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