GeneralIBM claims fastest chip

IBM says it has launched the fastest commercial microprocessor ever built.

IBM says it has launched the fastest commercial microprocessor ever built. At 4.7GHz, the dual-core Power6 processor doubles the speed of the previous generation Power5, while using nearly the same amount of electricity to run and cool it. This means customers can use the new processor to either increase their performance by 100%, or cut their power consumption virtually in half, said IBM. Power6 is nearly three times faster than the latest HP Itanium processor that runs Hewlett-Packard’s server line, IBM said. To aid processing, the Power6 has a total cache size of 8Mbytes per chip – four times... [ Read more on www.computerweekly.com ]

GeneralANZ bank cuts IT jobs after offshoring

Australian bank ANZ is to axe an unspecified number of back-office IT jobs as a result of moving work to its Bangalore facility.

GeneralWorldwide IT services market grows over 6%

The worldwide IT services market totalled £353.8bn in 2006, a 6.4% increase from 2005, according to a report by analyst firm Gartner.