Tech firm sees first signs of recovery

EMC Corp. is seeing early signs of recovery in information technology spending, Chief Financial Officer David Goulden said in a visit to London last month.

The uptick isn’t concentrated in any one area, although Goulden said EMC has seen interest in new applications built for cloud technology, mobile devices or the storage and interpretation of the increasing volume of data that companies collect, otherwise known as big data.

EMC, which expects the global IT industry to grow 3 percent a year through 2016, can boost sales at almost triple that rate just by maintaining market share, Goulden said. That assumes growth in big data, a segment that research firm IDC said could grow 40 percent annually to 2015.

— Bloomberg News

Expansion plans
AT&T to open 2 research centers

AT&T is opening research centers in Atlanta and Plano, Tex., part of an attempt to shed its stodgy Ma Bell image by innovating in such areas as home security, inventory tracking and in-car online services.

The two new sites bring its total number of innovation centers to five, the company said last week in a statement. The Atlanta location, affiliated with the Georgia Institute of Technology, will focus on wireless products such as Digital Life, a home-security service, as well as Internet-connected car technology. The Plano center expands an existing facility where AT&T has been developing what it calls machine-to-machine services, including cargo and inventory tracking.

AT&T, the largest U.S. telephone company, is counting on new markets to help stimulate sales and offset its 11 percent decline in land-line subscribers last year. It’s also confronting slowing wireless customer growth, which had served as the company’s growth engine in recent years. Verizon Wireless ranks first in that market.

— Bloomberg News