The News Review:
- Microsoft’s Liddell Predicts Slow Rebound for Software Sales
- Geithner Links Woes to Tax Software Used by 18 Million Americans
- IBM Helps Businesses Consumers Weather the Storm With Cost …
- India Stocks Post Third Weekly Decline; Software Exporters Drop
Microsoft’s Liddell Predicts Slow Rebound for Software Sales
Bloomberg
Chief Financialfficer. ?We are not planning and sitting here and expecting thereis a going to be a bounce? Liddell said yesterday in aninterview. ?The reality is that this is very broad-based. Ithink people are now only coming to grips with what that means. ? Microsoft announced plans yesterday to fire as many as5000 workers the first job cuts in the Redmond Washington-based company?s 34-year history.
Related from Marketingmonster: Microsoft’s new marketing campaign finally gets it right
Geithner Links Woes to Tax Software Used by 18 Million Americans
FXNews
Treasury and spearhead America’s recovery from its financial crisis is well on his way to being confirmed after the Senate Finance Committee voted 18-5 Thursday to forward his nomination to the full Senate. But the endorsement came only after he underwent embarrassing scrutiny for his failure to pay all of his income taxes in 2001 and 2002 — a mistake he blamed on an easy-to-use computer income tax program used by 18 million taxpayers a year. Geithner said he used the popular software program TurboTax to complete his income tax forms in those two years and he failed to include self-employment taxes in his federal returns. He said that to his recollection the program did not prompt him to report income and pay self-employment taxes. “I mistakenly believed that I was meeting my obligations fully including self-employment taxes but I did not prepare my returns in a way that caught that mistake initially” Geithner told the committee adding “these are my responsibility not the tax software responsibility. “But TurboTax itself says the program is designed for average taxpayers and prompts everyone to report any additional income or wages earned through self-employment. “The way TurboTax works we ask you your personal information up front” and “walk you down an interview path that asks you the source of your income” said Scott Gulbransen a spokesman for TurboTax.
IBM Helps Businesses Consumers Weather the Storm With Cost …
FXBusiness
Designed to help small-to-medium sized businesses (SMBs) reduce the time and money associated with deploying and managing IT solutions IBM Lotus Foundations Start 1. 1 and a new offering Lotus Foundations Branch ffice were unveiled today at Lotusphere. Lotus Foundations is IBM’s hardware and software solution that helps businesses from 5 – 500 employees collaborate with tools like email office applications file sharing back up and recovery. The latest version of Lotus Foundations Start allows customers to take advantage of existing IT investments by providing the ability to run Microsoft Windows applications within a Lotus Foundations environment. Previously announced as a pilot program with VMware this new capability will give customers the ability to run IBM Lotus Domino Windows and native Linux applications. Many large organizations running Lotus Domino such as banks professional services firms and insurance agencies have significant portions of their businesses in branch offices without on-site IT. With Lotus Foundations Branch ffice large enterprise Lotus Domino customers will be able to extend existing skills and data to remote offices quickly and efficiently.
India Stocks Post Third Weekly Decline; Software Exporters Drop
Bloomberg
23 (Bloomberg) — India?s key stock index fell postingits third weekly decline. Infosys Technologies Ltd. led softwareexporters lower after housing and employment data pointed to adeepening recession in the U. the sector?s biggest market. Infosys the nation?s No. 2 computer services providerdropped 2.