At Oracle, Gary Roberts, head of global information technologies, points out that Internet applications tend to be smaller than yesterday's proprietary systems, and the software is faster to develop.
The security of global information technologies should be beyond reproach, and that's not the case at the moment.
His father is the vice president for global information technology and chief information officer of the Colgate-Palmolive Company, also in New York.
Norwest Venture Partners said Monday it has formed a new $650 million fund, Norwest Venture Partners X, which is targeted primarily at early stage investments in the global information technology sector.
White Plains-based Texaco has awarded a five-year, $100 million contract to IBM Global Services to be the company's primary global information technology service provider.
NYSE Euronext executives will hold major management positions, including those of chief operating officer, head of global information technology and general counsel.
Mr. Wicklund pointed out that Schlumberger's strategy of joining oil field services with an information technology arm could still work and that the retrenching might have as much to do with the overall sluggishness in global information technology markets.
Sarah Bajc, an executive with hiSoft Technology International, a China-based global information technology outsourcing company, said foreign companies had an absolute obligation to import, through osmosis, their standards and expectations for quality control and business behavior.
Crawford Del Prete, a senior vice president for research, acknowledged the formidable task of fusing product lines and internal organizations, but he argued that the deal signified the future of the global information technology industry.
In a broad report on global information technology spending that it plans to publish on Monday, Forrester Research estimates that government and business purchases of computers will grow a meager 1.7 percent, to $146.6 billion, in 2012 from the year before.
