Intel slims down
Chip king Intel Corp. is shutting down five manufacturing plants including one at its Santa Clara, Calif. headquarters. Also on the chopping block: Intel's plant in Hillsboro, Ore. and facilities in Malaysia and the Philippines. Some 6,000 people are affected although Intel said some will be offered other jobs. Intel said it would consolidate its work in more modern, efficient facilities. Last week, the company reported a 90% drop in net income and CEO Paul Otellini told employees it will be a struggle to turn a profit in the current quarter.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Apple defies recession -- for now
Apple posted a strong profit for its first fiscal quarter, but the company is haunted by news of CEO Steve Jobs ill health and the manner it was disclosed.
For the fiscal quarter ending Dec. 27, Apple logged sales of over $10 billion -- a first for the company. Numbers were bolstered by strong sales of Macs and iPhones going into the holidays. Revenue was up 5.8%. The company warned analysts not to expect a repeat in the current quarter where it estimated revenue to come in at $7 billion to $8 billion.
Also of concern: The Securities and Exchange Commission is looking into how Apple disclosed news of Jobs' health status, according to The Wall Street Journal.
Shavlik CTO: Oops!
Shavlik CTO Eric Schultze backed off an early analysis of the Microsoft SMB bulletin, apologizing to customers for calling it a "super critical patch" that should be installed right away, according to SearchSecurity.com
Microsoft's MS09-001 bulletin addressed two critical remote code execution vulnerabilities and a denial-of-service flaw in the way the server handles SMB packets. Schultze said he based his commentary on an initial review of the Microsoft security bulletin. A further review gave the flaws an exploitability index of 3, making functioning exploit code unlikely, Schultze said. An additional Microsoft blog post on the bulletin also made Schultze revise his initial comments.
Check out yesterday's IT channel news briefs.