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BUSINESS
December 27, 2001 | JOHN STEBBINS, BLOOMBERG NEWS
U.S. busi- nesses reduced 2001 computer-related spending more than was expected before the Sept. 11 terrorist attacks and will spend less than forecast next year, a market analyst's report said Wednesday. Before the attacks, information-technology spending in 2001 was estimated to fall 3% from 2000, according to Giga Information Group Inc. Spending is now estimated to decline by as much as 5.3% this year and recover next year by 3.9%, the report states.
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NEWS
April 16, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
Computers and the Internet have dramatically transformed the nation's economy in the last five years, significantly reducing inflation and creating 7.4 million high-paying jobs, according to a Commerce Department report released Wednesday. The report marks the government's most comprehensive look to date at the growth of information technology, and puts a dollar figure on the myriad of advancements that have become a part of everyday life.
CALIFORNIA | LOCAL
August 7, 1996
On Thursday, the federal government opens a new era in the way it acquires and uses modern computers and other information technology. This is a welcome moment because the government--the world's largest buyer and user of computers and related equipment--has done a pretty poor job in this regard. There are several noteworthy examples.
BUSINESS
May 16, 2001 | Reuters
Motorola Inc., which last month reported its first quarterly operating loss in 15 years, said it is considering selling its Integrated Information Systems Group, a government communication and information technology business. The world's second-largest mobile phone maker already has cut costs aggressively this year, slashing 22,000 jobs. Analysts say the possible sale of Scottsdale, Ariz.-based IISG was a reassuring sign that Motorola was getting serious about turning itself around.
BUSINESS
April 16, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
Computers and the Internet have dramatically transformed the nation's economy in the last five years, significantly reducing inflation and creating 7.4 million high-paying jobs, according to a Commerce Department report released Wednesday. The report marks the government's most comprehensive look to date at the growth of information technology and puts a dollar figure on the myriad advancements that have become a part of everyday life.
BUSINESS
December 15, 2005 | From Associated Press
Defense contractor General Dynamics Corp. moved to bolster its presence in the information technology market, announcing plans Wednesday to acquire Anteon International Corp. of Fairfax, Va., for $2.1 billion. Under the deal, General Dynamics would pay $55.50 in cash for each Anteon share, a 36% premium over Anteon's closing price Tuesday of $40.77. The overall deal is valued at $2.2 billion, including the assumption of $100 million of debt. Anteon shares rose $13.25, or 33%, to $54.02.
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