Apple has just updated its iTunes software following the discovery of a security bug that leaves open a way to compromise vulnerable systems.

The print media is in serious trouble, having been overtaken by the internet as the primary source of executive job advertisements, according to the boss of a leading executive search firm.

After years of slowly declining market share, Apple looks set for a mighty rebound. With the undeniable success of the iPod under its belt, helping drive new sales of the iMac, Apple have taken a stand with a few new seeds for planting. I'm betting they'll be collecting from a bumper crop of sales. Steve Jobs explained all at his annual MacWorld keynote address.

After a frustrating last half of 2004, in which it issued a results warning due to delayed contracts, enterprise ICT solutions provider, Allied Technologies (ASX:ATZ), has started 2005 with a $5 million bang.

The Queensland Government has signed a three year, $8 million agreement with Microsoft Australia to access software support services.

Virus experts at security firm Sophos have discovered a mass-mailing worm which offers an unusual Happy New Year message in the form of a photograph of naked bodies.

Internet heavyweight,Yahoo!, has followed the lead of Google and a plethora of others with the launch of a new desktop search application.

The local office of Dutch ICT services provider,Getronics Australia, has extended its outsourcing relationship with UNiTAB following UNiTAB's acquisition of Tabcorp Group's gaming machine maintenance business in Queensland. The six year contract, with a further five year option, is worth $72.4 million.

Telstra’s one-time ambitious plans to become a global carrier look to have been abandoned with the announcement yesterday that its Hong Kong based joint venture with PCCW, Reach, will not sell services to third parties other than the customers of the two joint venture partners.

Last September, the Pew Internet & American Life Project, a US research organisation in Washington, sent out a survey asking 24 questions about the future of the internet to a wide range of technology specialists, scholars and industry leaders. Some 1,200 responded and the survey results solidly confirmed what media watchers may already know (and perhaps fear): that the internet and the rise of the blogger are expected to drive greater change in the news media and publishing industries than in any other sector of society, reports The New York Times (10 Jan).

ConnXion Limited (ASX: CXN) has announced that its Initial Public Offer of 18 million shares to raise $3,600,000 has closed fully subscribed. CXN is a provider of electronic document production and delivery solutions, involving the delivery of business documents across multiple delivery channels including email, fax, SMS and post.

Four Sydney high school students have been charged in connection with a Russian-based Internet scam that stole people's banking passwords and siphoned their cash into accounts in eastern Europe, Associated Press reported (7 Jan).

The following is an edited article from a reader who says he has been through the IT employment mill and does not necessarily represent the views of this site. We would welcome a response from within the IT recruitment industry.

The Mercury News reports (9 Jan) that while Oracle and PeopleSoft clashed for 18 months, German business-software maker SAP sat comfortably on the sidelines, cutting deals and gaining market share.

The annual CES, or Consumer Electronics Show, is about to kick off in Las Vegas, the gambling capital of the world (although some may claim it's actually Melbourne, Australia), running from Thursday 6th of January to Sunday the 9th, US time.

The New York Times/Reuters report (3 Jan) that an unprecedented $US2 billion upgrade to one of Intel's two Arizona factories,is underway as theworld's largest chip maker prepares to safeguard its lead in manufacturing from resurgent rivals and to put recent costly missteps behind it.

The New York Times/Reuters report (3 Jan) that Apple Computer could decide to sell a cut-price version of its Macintosh computer to attract consumers already enamored of its iPod music player and annoyed by security problems with Windows PCs, according to analysts.

IBM said this week that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years, with a loss of US$139 million in the six months ended 30 June.

Oracle has fired PeopleSoft's co-president and chief financial officer, Kevin T. Parker, and three other top executives, a day after assuming control of the rival software maker in a $S10.3 billion takeover.

A report from the Australian Competition and Consumer Commission has found that Telstra failed to provide adequate margins for other service providers of local phone calls. What's more the margins between the Telstra's retail price of local calls and the wholesale price it charges other retailers is shrinking, according to the report.