Telstra admits job cut plans
After weeks of denial, Telstra has finally admitted it plans to cut thousands of jobs. Finance director, John Stanhope, said the telco is to cut about 3000 jobs in the next financial year as part of an ongoing drive to boost productivity. Telstra recently denied Labor claims that it would cut its 40,000-plus workforce by 5 to 10 per cent — or up to 4000 positions — and slash capital spending by up to 20 per cent. Stanhope said the company would have shed about 2800 full-time staff by the end of June this year as it moved to boost productivity by 7 per cent.
3Com closes sale of assets
3Com has completed the sale of part of its CommWorks carrier-equipment business to UTStarcom. With the completion of the $US100 million cash deal, announced in March, 3Com is now a networking vendor focused exclusively on the enterprise market. Even though it sold the assets, 3Com maintains a license to all the transferred patents and intellectual property. UTStarcom is a vendor of broadband, wireless, switching and third-generation mobile telephony network equipment. It aims products at high growth markets and has an initial focus on China, according to its Web site.
Cisco’s cascade of tools
Cisco has announced 14 new security products and services this week, including three new products and a revision to its flagship security management software, that now supports threat-protection technology gained in the April acquisition of Okena. Now known as the Cisco Security Agent (CSA), the acquired technology monitors user behaviours and stops those a company deems objectionable before they can cause harm. The technology sits on desktops and servers but is supported by the upgraded CiscoWorks VPN/Security Management Solution (VMS) 2.2. This is also being enhanced to support the Cisco Catalyst 6500 firewall and virtual private network services modules.