Thursday, June 4, 2009

Chinese Hummer deal

General Motors (GM) has named the outfit that is to acquire its Hummer brand of vehicles, along with the division's senior management and operational team.

Sichuan Tengzhong Heavy Industrial Machinery (Tengzhong), a major industrial machinery group, will acquire the rights to the brand and assume existing dealership network agreements.

It is contemplated that Tengzhong will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreement with GM.

Thursday, April 30, 2009

Cloud computing: Resistance is futile

There may be a number of unresolved security issues around cloud computing but if you try to resist the trend you are likely to be shown the door.

This was the claim of Philippe Courtot, chairman of security company Qualys, speaking at the RSA Conference in San Francisco last week.

"We know that it's getting harder and harder to secure the current computing infrastructure and something has to change. Fundamentally there are too many variables and too many security patches," he said.

Cloud computing: Resistance is futile

There may be a number of unresolved security issues around cloud computing but if you try to resist the trend you are likely to be shown the door.

This was the claim of Philippe Courtot, chairman of security company Qualys, speaking at the RSA Conference in San Francisco last week.

"We know that it's getting harder and harder to secure the current computing infrastructure and something has to change. Fundamentally there are too many variables and too many security patches," he said.