Government sales are holding their own for the largest information technology distributors ? and that's good news, given the softening of commercial market spending.
Accenture and the Florida Department of Business and Professional Regulation have developed a portal that eventually will enable more than 900,000 professionals and businesses to register and pay for licenses and permits over the Internet.
Over the past few years, many industry executives and shareholders, as well as government officials, have expressed concern about the increasing risk faced by smaller government information technology companies in the evolving federal procurement environment.
Lockheed Martin Corp. and Microsoft Corp. announced May 24 they have formed a strategic alliance to pursue new business opportunities in the federal information technology market.
In a bid to lure computer whiz kids away from the private sector and into government jobs, the National Science Foundation kicked off its "cybercorps" program May 23, allocating more than $8.6 million to six universities participating in the project.
Wall Street finally begins to love federal information technology just when the market is expected to slow. In a recent report, Federal Sources Inc. projected federal IT spending of just 0.9 percent in fiscal 2002, below 7.7 percent growth for fiscal 2001.
Titan Corp. of San Diego May 14 launched e-tenna Corp., a subsidiary developing and licensing radio frequency technologies that are expected to reshape broadband wireless connectivity worldwide.
Nearly 70 percent of the subcontracts awarded thus far under the $6.9 billion Navy-Marine Corps Intranet contract have been given to small businesses, prime contractor Electronic Data Systems Corp. reported.
DynCorp came away the winner of the first portion of the FBI Trilogy project, which the agency will use to modernize its IT infrastructure and applications. The Reston, Va., company outbid teams lead by Computer Sciences Corp., Lockheed Martin Corp. and Raytheon Co. to land the $132 million, three-year task order, a spokesman for the General Services Administration said.
It's easier to retain workers these days, according to David Langstaff, president and chief executive of Veridian Corp., a 5,000-employee information technology company in Arlington, Va.
Carta of Sacramento, Calif., which tried to build a business developing Web sites for government agencies, has ceased operations. The 5-year-old firm sent nearly all its employees home after running out of money to pay them for further work.
Once again, investors will focus on earnings over the next few weeks. With so many information technology service companies ? and technology companies in general ? having pre-announced poor first quarter results, the focus will really be on the outlook for the second quarter and second of the year.
Revenue at Accenture, formerly known as Andersen Consulting, reached $10.3 billion for the year ended Dec. 31, 2000, a 10 percent increase over 1999 results and a 14 percent increase excluding the effects of currency translations.
Most investors are hiding in underground bunkers by now and have ceased their declarations that each successive market low is a definite buying opportunity. This is particularly true for technology investors with a predominance of focus on the Nasdaq.
SI International Inc., a privately held information technology and telecommunications company, announced March 15 it has spun out its telecommunications business into a separate company, SI International Telecom Corp.
