Computerworld - Wachovia to Send Tech Jobs Overseas
Wachovia Corp. has confirmed its plan to outsource some technology jobs overseas. The plan is part of an initiative to slow expense growth by up to $1 billion by 2007. Wachovia hopes outsourcing can cut IT spending by $300 million over three years. The bank said 30% to 40% of the savings will be used to improve customer-facing systems such as ATMs and online services.
DaimlerChrysler Restructures IT
DaimlerChrysler AG said it's restructuring its IT management organization to better align IT with various business units and to help drive revenue growth and cost efficiencies. The size of DaimlerChrysler's 1,800-person North American IT staff won't change, said Karenann Terrell, newly named vice president and CIO of the Chrysler and Mercedes-Benz North America divisions.
Intel Updates Centrino Package
Intel Corp. will unveil a new version of its Centrino platform for notebook computers today. The Centrino package includes a processor, its companion chip set and a wireless board. The new version updates all three and adds a chip set for improving graphics capabilities.
Borland Buys Consulting Firm
Borland Software Corp. has acquired TeraQuest Metrics Inc., a consulting firm that specializes in improving corporate application development, workforce management and operations processes. TeraQuest has developed Capability Maturity Model guides for process improvement. Details of the acquisition weren't disclosed. TeraQuest has become part of Borland's services unit.
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