WorldCom slices $79.8B off balance sheet in write-downs
Telecommunications company, WorldCom, has written off $US79.8 billion in goodwill and other assets as it struggles to recover from the largest bankruptcy in US history.
Telecommunications company, WorldCom, has written off $US79.8 billion in goodwill and other assets as it struggles to recover from the largest bankruptcy in US history.
Dell Computer has recently laid off 20 to 30 people in a product development group in program management, engineering and software testing roles in a bid for increased efficiency, a company spokesman said.
Intel has reaffirmed its first-quarter revenue guidance, predicting that slightly higher sales of its PC and server processors will be offset by slightly lower sales of communications processors.
After bringing its PC business back to profitability for the first time in several years, Hewlett-Packard (HP) is setting its sights on rival PC vendor Dell Computer this year as its looks to maintain its slight edge in market share, according to HP executives.
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