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As the U.S. economy began to wobble earlier this year, it seemed the technology sector would hold up better than most. Major tech companies tend to have plenty of cash and minimal debt—and most make products that help companies save money or boost productivity. But recently, the optimism has evaporated.

H.P. Shakes Out $360 Million for LeftHand Networks By Ashlee Vance The rise of virtualization software made by companies like VMware and Microsoft has forced hardware companies into drastic action. Hewlett-Packard, for example, said it was spending $360 million in cash on LeftHand Networks, a company that makes storage software which plays well with virtual servers.

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ExaStore offers easy management and scalability within a single infrastructure London, UK – 3 September 2008 – The British Broadcasting Corporation (BBC) World Service has installed the ExaStore 2008 Clustered NAS System to support news production and archiving for the production platform and play

T-Mobile early today unintentionally had most of the details of the G1 spoiled ahead of the company’s official announcement later this morning. In addition to a set of photos obtained by BGR from T-Mobile’s own website that have since been pulled, TmoNews claims to have obtained full specifications.

Rubyology is a Ruby-based podcast chaired by Chris Matthieu. Its focus is on interviewing interesting Ruby (and Rails) developers - finding out about their projects, what makes them tick, and extracting their insights into the Ruby and Rails worlds. read more

Please Visit IBC Stand 7.J30 Revolutionary PCIe storage technology pioneer catapults into the European broadcast and video post production markets at IBC AMSTERDAM – September 12, 2008 – JMR Electronics, Inc.

I.B.M. Returns to the Storage Market By Steve Lohr You would be forgiven for thinking that after I.B.M. sold off its storied disk drive business to Hitachi in 2002 for $2 billion, Big Blue was out of the storage business. Not so, I.B.M. said at the time, we’re just getting out of the low-margin hardware side of storage, disk drives.

LONDON—At the upcoming International Broadcast Convention (IBC) in Amsterdam, FilmLight will demonstrate a series of groundbreaking enhancements to Baselight, the industry’s leading non-linear colour grading system.

Sun Microsystems Hopes to Shake Up Storage Industry By Ashlee Vance Sun Microsystems has spent years trying to recover from a major shift in the server landscape. Its systems, once so prized during the Internet buildout, were spurned as cheaper servers packed with open source software caught customers’ attention.