Another day, another sign that the tech sector is scorching hot. Yesterday, two of the world's largest makers of PC hardware exceeded Wall Street expectations in their first-quarter earnings report.
Intel posted a 34% increase in profit for the first three months of the year, and a 25% jump in revenue. Intel's acquisitions of McAfee and Infineon last year increased the company's total workforce by 13.3%. IBM saw profits grow by 10% to $2.86 billion, and saw the biggest jump in revenues that it's had in a decade.
Meanwhile, two smaller computer services companies -- VMware and Juniper Networks -- also posted strong earnings results.
The surprising growth at these companies was fueled by corporate investments in data centers and network servers.
Yet even before most of the earnings reports were posted, an Intel executive sounded a note of caution about the ability of American workers to take advantage of tech's growth. Intel plans to add 1,000 jobs jobs in Oregon over the next few years, but will have to hire from outside of the state because its residents aren't educated well enough, said Renee James, senior vice president and general manager of Intel's software and services group. (WSJ)
Groupon Invests in Technology (FINS)
It's more than just a group coupon creator, Groupon says. It's hiring hundreds of technologists over the next year as it moves its business model into mobile.
No Funding Boom in Sunshine State (Gainesville Sun)
Startups working on social networking and monetizing online ads may have to beat away venture capitalists with a stick, while some Florida companies working on businesses that don't seem as immediately profitable, like artificial intelligence, are having a harder time acquiring financing.
Seven Interview Questions That Kill Careers (FINS Sales & Marketing)
Nerves can cause even the most qualified candidate to get foot-in-mouth disease and bomb an interview. Here are seven tips that will help you prepare answers to seemingly innocuous interview questions.
Best Jobs In America (CBS News)
Software engineers have the sweetest gigs around, according to a new ranking of the best and worst professions.
Traveling Congressional Committee Queries Tech (San Jose Mercury News)
Amid one of the biggest and technology booms in American history, a Congressional committee yesterday listened to tech executives lobby to keep federal regulations from "hampering growth."
Former Google Exec Joins VC (TechCrunch)
Keval Desai, former director of product management at Google, has joined venture capital firm InterWest Partners.
Obama Connects With Facebook (Atlanta Journal Constitution)
In between four political fundraising events -- including one at the home of Salesforce.com CEO Marc Benioff -- President Obama will become the first American head of state to visit the Facebook headquarters.
Schmidt Finally Makes Money Off Google (Bits)
His ownership stake in Google has made Eric Schmidt a billionaire, but until now the man who just recently took off the CEO crown earned a salary of only $1. In his new role as executive chairman at the company, he'll earn a salary of $1.25 million, along with a potential bonus of $6 million.
Mobility Driving Hiring At Small Businesses (InformationWeek)
Demand for IT workers is increasing at small to mid-sized businesses as more companies define their mobile strategies. Temp and contract hiring is still more common than full-time hires though, says one staffing and recruitment firm.
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