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SpendingzeTop Story: Microsoft Sets Hiring and Spending Freeze

Microsoft Corp employees received a note informing them of a hiring and spending freeze. The move to freeze spending is a sign that the credit and financial crises is taking a toll on the information sector.

The recent financial and credit crises are now impacting the information sector. Several business stocks were downgraded this week. Some financial analysts say that the financial crisis is causing a credit crunch that will likely slow IT spending by both consumers and business companies.

We offer business technology news articles. This page contains current news articles of modern and future breakthrough advancements. Usually these advancements are based on a knowledge of tools that better humanity. These tools are commonly known as computer hardware or software. The software used is the developed application that runs the hardware or machine. The hardware is a tool that produces information into knowledge by instructing.

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News articles for this section are written by our staff. The news editor is Bill Waters. The managing editor for this page is Mary Couchman. Our copy editor is Rob Adams. News correspondents that contribute are Sara Smith, Jennifer Hong, John Lester, Michael Stevens and Steve Chu.

Topics for this section range from computers to mobile devices. RSS feeds are available.

We report on companies that range from software to hardware. Some of these primary companies include Microsoft Corp, Advanced Micro Devices Inc, Intel Corp, Apple Inc, Mozilla Corp, Research In Motion Limited and Red Hat Inc. Primary companies for mobile cell phone devices are Apple Inc for its iPhone smart phone, LG Electronics Inc, Nokia Corp, Samsung Electronics America Inc, T-Mobile USA Inc, AT&T Inc, Verizon Communications Inc, Sprint Nextel Corp.

We also report directly on manufactures such as Intel and AMD. The two companies are the leaders in single integrated microprocessors for personal and business computers. The first microprocessor was developed in the early 1970s which was used in electronic calculators. Today, a processor is equivalent of hundreds of transistors. Businesses use multiple processors in servers and mainframes. Some mainframes are known as supercomputers. The microprocessor doubles in complexity every 18 months.