According to reports, HP dispatched the news in an email communique.
Bloomberg and the San Francisco Business Times report that HP is freezing salaries.
"We believe it is prudent and responsible to reduce costs where possible, including travel and event related expenses," said a company spokesman.
"That said, we remain committed to the principle of 'paying for performance'" She added. "High-performing employees will be rewarded and competitively compensated."
According to Bloomberg, HP will only hire workers for “revenue-generating positions,” reduce spending and limit travel to customer-related activities, all contained in an e-mail acquired by the news company.
Year end bonuses are still in play - and according to Silicon Valley/San Jose Business Journal, "The freeze will not apply in countries where they are illegal."
Predictable reaction around the net has been negative. One comment from Colombian.com
"...This is nothing more than a short-sighted effort to prop up corporate profits in a race to the economic bottom. It is a cycle that is not sustainable. It's economically better in the long run to have no profits and remain stable than to short your employees..." - Craig Williams : 12/6/08 7:42am---
Saturday, December 6, 2008
Thursday, December 4, 2008
Free Photizo Group Webinar Examines Managed Print Services Outlook in Current Economic Environment
It's just an hour - that's all, one hour.
I have attended more Webinars and GoToMeetings over the past 6 months than ever before - it's no wonder.
And I rarely recommend these kind of meetings - but - the Photizo Group is holding a Webinar on the 11th and I do recommend this to all in the industry.
From the Press Release:
"Webinar attendees will learn why a bad economy may actually be good for MPS, according to Crowley. "This special session will offer a timely look at a critical topic for vendors and users of hardcopy devices.
It's something we can't afford to ignore, especially in unsettled economic times like these. As the leading research and consulting firm tracking the MPS market, we believe it is important to clearly communicate how this market is changing, and why changes in the global business environment will fundamentally shape the MPS market over the next few years."
The stat is not puffery; 35 percent of the total imaging market will be MPS in 3 short years.
Why do I recommend this webinar specifically?
I have been following the Photizo group since last spring, and I am involved in some projects with these folks(full disclosure). They know what they are talking about when it comes to MPS, they come out of the industry and out of the trenches and have a keen insight on events to occur over the horizon.
If you work at IKON, Toshiba, Konica Manolta, CBS, RBS or any of the independent dealers; if you sell hardware alone- this hour is for you.
If you provide software and hardware bundled with CPC and MPS engagements - this is an hour meant for you.
If you cold call SMB on shoe leather or develop VITO letters and emails - this hour is for you.
It's only an hour - and yes, nobody on the line is authorized to purchase anything from you, but chalk it up to self improvement, industry awareness and enhancing the single most important six inches in your world.
For more information and to register for the free webinar, visit https://www2.gotomeeting.com/register/735057407.
I have attended more Webinars and GoToMeetings over the past 6 months than ever before - it's no wonder.
And I rarely recommend these kind of meetings - but - the Photizo Group is holding a Webinar on the 11th and I do recommend this to all in the industry.
From the Press Release:
"Webinar attendees will learn why a bad economy may actually be good for MPS, according to Crowley. "This special session will offer a timely look at a critical topic for vendors and users of hardcopy devices.
By 2012, MPS will be a $26.7B business and will account for 35 percent of the total imaging market.
It's something we can't afford to ignore, especially in unsettled economic times like these. As the leading research and consulting firm tracking the MPS market, we believe it is important to clearly communicate how this market is changing, and why changes in the global business environment will fundamentally shape the MPS market over the next few years."
The stat is not puffery; 35 percent of the total imaging market will be MPS in 3 short years.
Why do I recommend this webinar specifically?
I have been following the Photizo group since last spring, and I am involved in some projects with these folks(full disclosure). They know what they are talking about when it comes to MPS, they come out of the industry and out of the trenches and have a keen insight on events to occur over the horizon.
If you work at IKON, Toshiba, Konica Manolta, CBS, RBS or any of the independent dealers; if you sell hardware alone- this hour is for you.
If you provide software and hardware bundled with CPC and MPS engagements - this is an hour meant for you.
If you cold call SMB on shoe leather or develop VITO letters and emails - this hour is for you.
It's only an hour - and yes, nobody on the line is authorized to purchase anything from you, but chalk it up to self improvement, industry awareness and enhancing the single most important six inches in your world.
For more information and to register for the free webinar, visit https://www2.gotomeeting.com/register/735057407.
Virgin Atlantic Selects EDS, an HP Company for Next-Generation Airline Reservation System
News Release :
EDS, an HP company, and Virgin Atlantic Airways today announced they have signed a new information technology (IT) services agreement that extends the companies’ 25-year relationship.
EDS has provided IT services for Virgin Atlantic since its inaugural flight in 1984.
New to this five-year agreement, EDS will provide the next generation of its airline reservations solution, EDS Reservation Services, a part of EDS’ Transportation Applications that EDS hosts and maintains on behalf of its clients. New features included in the solution are Electronic Miscellaneous Documents (EMD), which allow Virgin Atlantic employees to electronically capture and account for ancillary sales, and Ticket Re-issue and Refund (TRR) software that automates a formerly labor-intensive function and improves customer service.
“We are impressed with EDS’ vision for their new reservations platform and how this will enable Virgin Atlantic to exploit a service-oriented architecture (SOA) to provide improved customer services, greater agility and lower costs,” said Mike Cope, IT director at Virgin Atlantic. “This builds on our long-standing partnership with EDS during which time Virgin Atlantic has grown to become Britain’s second-largest airline serving the world’s major cities.”
Also new to the agreement, EDS will use its airline service-oriented architecture (AirlineSOA) that connects software and systems to better integrate Virgin Atlantic’s operations and help meet the airline’s unique market needs. Each of these new functionalities helps Virgin Atlantic lower core reservations services costs and add new revenue opportunities.
EDS will continue to provide passenger-processing services that include applications development and hosting of EDS Reservation Services, which handles approximately 6 million revenue passengers boarded annually for Virgin Atlantic.
“We have built a strong relationship and mutual trust with the Virgin Atlantic team over the last 25 years,” said Jim Dullum, vice president of Global Transportation Industry at EDS, an HP company. “Taking advantage of EDS’ latest technology, software development and delivery expertise and industry knowledge creates the right mix of IT innovation to support Virgin Atlantic’s continued success.”
EDS Agility Alliance partner Microsoft will provide select tools, software and resources to EDS in support of Virgin Atlantic. Together, EDS and its Agility Alliance partners collaborate to design, build and run a market-leading services platform and develop technology-based services to deliver tangible client results. EDS Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun Microsystems and Xerox.
As a leading transportation IT services provider, EDS’ end-to-end capabilities encompass air carriers, airports, cruise lines, logistics and modal providers, hotel companies and major reservations networks. EDS brings world-class technology solutions and infrastructure to help transportation and travel-related clients sustain competitive advantage in a highly dynamic global market.
EDS, an HP company, and Virgin Atlantic Airways today announced they have signed a new information technology (IT) services agreement that extends the companies’ 25-year relationship.
EDS has provided IT services for Virgin Atlantic since its inaugural flight in 1984.
New to this five-year agreement, EDS will provide the next generation of its airline reservations solution, EDS Reservation Services, a part of EDS’ Transportation Applications that EDS hosts and maintains on behalf of its clients. New features included in the solution are Electronic Miscellaneous Documents (EMD), which allow Virgin Atlantic employees to electronically capture and account for ancillary sales, and Ticket Re-issue and Refund (TRR) software that automates a formerly labor-intensive function and improves customer service.
“We are impressed with EDS’ vision for their new reservations platform and how this will enable Virgin Atlantic to exploit a service-oriented architecture (SOA) to provide improved customer services, greater agility and lower costs,” said Mike Cope, IT director at Virgin Atlantic. “This builds on our long-standing partnership with EDS during which time Virgin Atlantic has grown to become Britain’s second-largest airline serving the world’s major cities.”
Also new to the agreement, EDS will use its airline service-oriented architecture (AirlineSOA) that connects software and systems to better integrate Virgin Atlantic’s operations and help meet the airline’s unique market needs. Each of these new functionalities helps Virgin Atlantic lower core reservations services costs and add new revenue opportunities.
EDS will continue to provide passenger-processing services that include applications development and hosting of EDS Reservation Services, which handles approximately 6 million revenue passengers boarded annually for Virgin Atlantic.
“We have built a strong relationship and mutual trust with the Virgin Atlantic team over the last 25 years,” said Jim Dullum, vice president of Global Transportation Industry at EDS, an HP company. “Taking advantage of EDS’ latest technology, software development and delivery expertise and industry knowledge creates the right mix of IT innovation to support Virgin Atlantic’s continued success.”
EDS Agility Alliance partner Microsoft will provide select tools, software and resources to EDS in support of Virgin Atlantic. Together, EDS and its Agility Alliance partners collaborate to design, build and run a market-leading services platform and develop technology-based services to deliver tangible client results. EDS Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun Microsystems and Xerox.
As a leading transportation IT services provider, EDS’ end-to-end capabilities encompass air carriers, airports, cruise lines, logistics and modal providers, hotel companies and major reservations networks. EDS brings world-class technology solutions and infrastructure to help transportation and travel-related clients sustain competitive advantage in a highly dynamic global market.
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