Lockheed Martin CEO Robert Stevens says despite cost cutting, the defense industry will survive based on new global security needs and adds that Lockheed’s portfolio is well positioned for change.
The recession wasn’t kind to Ethan Allen’s manufacturing plant workers, but now that the economy is recovering, so are the employment rolls. Last year, the Danbury, Connecticut-based furniture maker and retailer slashed its manufacturing workforce by about 30 percent, Farooq Kathwari, the company’s chairman and chief executive, told the Reuters Consumer and Retail Summit in New York on Monday. That included closing a plant or cutting jobs in Chino, California; Andover, Maine; Orleans, Vermont and elsewhere.
The U.S. economy is experiencing an ongoing but slow recovery, says Barry Ritholtz, director of equity research at Fusion IQ. But that’s not stopping him from enjoying discounted prices in a low-inflation environment, at least when it comes to his personal spending habits. The world is on sale if you’ve got the money to spend, he told the Reuters Investment Outlook summit in New York when asked, for example, if he might spend less while on a vacation or forego a purchase or two.
It’s hard to tell how much anticipation there is out there for Dell’s upcoming “Streak” micro-tablet. The No. 3 PC maker’s latest foray into a consumer arena that Apple’s iPad has essentially helped create is set to hit stores this summer in the United States.
You can just hear the University of Phoenix licking its chops right now.
Cisco expects to have its home TelePresence system — a living room version of what you have seen in those quirky Ellen Page commercials (see below) — by the holiday season at around $500 (plus some kind of monthly service fee), Cisco Executive Vice President Rob Lloyd said on Thursday at the Reuters Global Technology Summit. He and some other Cisco employees are about to start a round of internal testing.
Tod Nielsen certainly has the gift of the gab. VMWare’s chief operating officer, who was once videotaped by a reporter in the hope that he would turn out someday to be “famous” (and a royalty generator), waxed lyrical at the Reuters Global Technology Summit about everything from British CIOs and magic crystals to PCs .
Apple developed the processor for it’s recently launched iPad tablet PC in-house. Intel was left waiting on the sidelines but change may be in store. Future tablets from other device makers, and maybe even Apple, could prove to be a lucrative for the world’s largest chipmaker. And why not, Intel already makes the microprocessors that are used in more than three quarters of the world’s PCs. Tom Kilroy, Intel senior vice president and general manager of sales and marketing, says “wait til Computex” for a big announcement. So, what’s likely to come out of the industry trade show this June in Taipei? Any thoughts? Click below to hear what Kilroy had to say in San Francisco at the 2010 Reuters Global Technology Summit.
Intel, Sony and Google are expected to unveil on Thursday a “smart TV”: an Internet-ready, super content machine that — if the hype is to be believed — will let viewers watch Celebrity Apprentice, tweet, and respond to emails at the same time. On Wednesday, Intel’s sales and marketing chief — while keeping his cards close to the vest — couldn’t resist a little plug for the general concept of Internet TVs.