Back to Resource Centre
Blog Img

November 2009 - IT Industry News

Two years ago in November 2007 the big news was IBM's $5 Billion purchase of Cognos. There was a fair bit of M&A activity, with AOL being very active, Telus buying Emergis, Randstad buying Vedior to create the second largest staffing company in the world and DELL making a couple of acquisitions. Last year, in November 2008 the big news was the economic maelstrom that took the world by storm. There was some M&A activity with ATT&T paying $944 Million for Centennial Communications and Fujitsu paid $575 Million to buy out Siemens from a joint venture. There were a number of other deals, involving such names as Oracle, Microsoft's Razorfish, Intel, Amdocs, Satyam, Citrix and Perot Systems. There was plenty of news about layoffs and the general affects of the recession.

In November 2009 there is still a "hangover" from the recession, but the general mood is more optimistic, with most pundits looking towards a slow recovery in the first and second quarter next year. The US and Canadian employment figures were not good but economists predict a growth in US GDP, and Europe seems to be on a path to recovery. The law caught up with a couple of nasty "spammers" and October marked an unofficial 40th birthday for the internet (wish I was 40!). Adobe (680), Microsoft (800), and Rogers (900) all announced layoffs this month ... and Right Management tell us that as many as 80% of employees may look to change job as the economy recovers! The CRTC turned down GlobalLive from becoming a potential wireless carrier for Canada and Intel "played nice" with arch-rival AMD.

The big news in M&A saw HP buying 3-Com for $2.7 Billion and Nortel continued to sell off its assets, this time its Metro Ethernet Networks business to Cienna for $769 Million. Google made a couple of strategic acquisitions, including a $750 million purchase of AdMob and Intel Capital continues to invest in companies.

Overall the mood in the market is optimistic, but there are still "bad things" happening so nobody is ready to say we are back to a normal world ... or even that we will ever get back to where we were 18 months ago. The best we can say is that things are looking more positive, there are pockets of good things happening and general wisdom

That's it for November 2009 ... until next month!