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In Europe, VC firms say write-offs of troubled technology investments fell by half in 2003 from the year before.
The problem, he said, shows "the need to make sure our safety isn't held hostage to troubled technology that can only be maintained by an outside consultant".
Mr. Kundra and his team have used the project-tracking data to conduct TechStat sessions, reviews of the government's largest, most troubled technology initiatives.
The troubled technology sector took another blow Thursday as Hewlett-Packard, the computer maker, reported that its earnings for the third quarter fell short of Wall Street expectations.
Hewlett-Packard has hired Goldman Sachs as an adviser to help defend against potential activist investors or hostile bidders seeking a break-up of the troubled technology giant, people briefed on the matter told DealBook on Wednesday.
The concessions came at a Council hearing called in response to reports of troubled technology projects, including the scandal-plagued payroll system, CityTime, and, most recently, the automated personnel system, known as Nycaps.
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Gores, an investment fund based in Los Angeles, specializes in buying troubled technology-related assets cheaply and revamping their businesses.
A long-troubled technology initiative to prevent illicit nuclear materials from being smuggled into the United States appears to be in danger, if the Administration's 2010 budget is any indication.
In March he announced plans to buy a stake in Sharp, a troubled Japanese technology firm, and to help finance Sharp's glass-panel research.
Torch Concepts maintains, and the airline believed all along, that the data was not used in conjunction with the development of the Pentagon's troubled antiterrorism technology project or the Transportation Security Administration's passenger-profiling project.
Xerox, another troubled American technology company, joined Compaq in issuing a profit warning.The ambitious scale of European third-generation mobile-phone networks looked likely to be cut back after British Telecom's suggestion that five operators share two networks in the Netherlands met with broad agreement.
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