Employees of Sun Microsystems in Australia and New Zealand face an anxious wait to learn if they will number among the 5000 to 6000 workers the subsidiary's US parent plans to put out to pasture under a sweeping cost-cutting drive.
Investment firm Allco Equity Partners (AEP) last week said it remained committed to listed hospital software developer IBA Health Group despite the collapse of 36% shareholder Allco Finance Group.
Microsoft is expected to announce a world-first strategic alliance with Telstra this week as the software giant's chief executive, Steve Ballmer, briefs key Australian partners and customers on its cloud computing strategy.
Satyam Australia and New Zealand is banking on at least a 25% growth spurt to take the subsidiary's local revenue to about A$200 million (NZ$256 million) this year despite softer spending in both the Australian consumer goods and transport and logistics sectors.
An independent expert's report into a proposed partial takeover of Tower Limited has revealed that the Australian Securities Exchange-listed, New Zealand-based financial services firm will need to spend up to $35 million upgrading its information systems.
IBM is in danger of losing its crown as Australia's largest information technology company after long-time rival Hewlett-Packard's annual revenue crossed the A$3 billion (NZ$3.4 billion) threshold for the first time.