Th famous Idiom of “Necessity is the mother of Invention” might see a change in future.
The Recession brings cost cutting, tighter time schedules, faster deliveries, efficient utilization of resources and the most important, Innovation.
As a result of recession, Innovation has to grow in every sector. It starts from smarter way of working, and is most seen at bringing new Innovative Ideas to industry where you can raise the margins and hence lower the operating cost.
History is proof of the quote. After all, many of the world’s enduring, multibillion-dollar corporations, from Disney to Microsoft, were founded during economic downturns decades back.

Generally speaking, operating costs tend to be cheaper in a recession. Talent is easier to find .. Read Further »

Nortel was once among the most powerful Telecom euipment manufacturer. This Canada-based company once had a stock quote of $240/share. Industry had worst for Nortel, It went down to as low as few cents recently. After struggling for years and Filing Bankruptcy under chapter 11, Nortel was desperately looking for a total Overhaul and an Interested Investor. Today, the leaders finally found a breath of relief. Nortel finally finds a hope. Nortel has entered into a “stalking horse” asset and share sale agreement with Avaya for its Enterprise Solutions business.

After almost a month of ongoing discussions, the proposed amount has been set to $475 million by Nortel. As per the agreement : It includes the planned sale of substantially all of the assets of the Enterprise .. Read Further »

It’s the day that will be remembered in history as the Sun-set of one Era of Innovation as Sun Microsystems dissolves into the Information leader Oracle. It will bring a new Sun rise tomorrow as Larry Ellison will continue to invest in Open Source and JAVA.

Sun Microsystem’s shareholders, today, approved its proposed purchase by Oracle. Though it came wiht a shocking surprise underneath. CEO Jonathan Schwartz nor Chairman Scott McNealy, two of the most outspoken and visible executives, didn’t attend the meeting. It was said that Schwartz was ill and there was no information about Scott.