All of the people to be laid off work at headquarters in departments like information technology, marketing and finance.
Ethan Cohen, a senior utility analyst at the Aberdeen Group, an information technology marketing and consulting group in Boston, said he had some concern about online companies offering solely electric service, because "the margins are so slim on electricity".
Whenever the information technology marketing machine coughs up a new buzzword, tech companies everywhere promptly relabel their existing products in order to keep up.
Ten years after it started in business, Telerik, a Bulgarian software company, has conquered a niche position in the international information technology market and continues to expand.
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.
The all-cash deal for Yammer, a social network service for businesses, is another sign of how consumer technologies that once seemed like toys are reshaping the slower-moving corporate information technology market.
During the Persian Gulf war in 1991, for example, the economy took a dive and the information technology market went with it, until jumping back to its previous levels in 1992.
When President Clinton lifted the United States trade embargo on Vietnam in 1996, his company signed a deal with I.B.M. Today, F.P.T. accounts for 20percentt of Vietnam's information technology market.
All governments have to do is issue licences to operators, establish a clear and transparent regulatory framework and then wait for the phones to work their economic magic.*"The Digital Provide: Information (technology), market performance and welfare in the South Indian fisheries sector", by Robert Jensen.
SAIC provides full life-cycle services and solutions in the technical, engineering, and enterprise information technology markets.
However, the company is looking to extend its business-to-business e-commerce model beyond the information technology market.
