Dice News RoundupMicrosoft to Launch Windows 8 in October: The biggest software release of the year, Microsoft Windows 8, is rumored to be scheduled for October. The initial rollout will serve devices running both Intel and ARM chips. Microsoft hopes that the pre-holiday release will help it win back some of the sales it’s lost to the iPad and liven up the PC market. Rumor has it that Microsoft will hold an introductory event in April. Bloomberg HP Merges PC and Printer Businesses: Hewlett-Packard will merge its Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) in what seems to be a cost-cutting move. The merged units will be called the Printing and Personal Systems Group. The combination addresses the slower growth of the printer market as compared to the PC business. HP is also merging some other operational groups, and although it has announced no job cuts, it’s clear that reducing staff will be key to improving the bottom line. Infoworld Lots More VC Money in the Valley: A lot more money is about to enter Silicon Valley’s already pulsating bloodstream. Leading VC firm Kleiner Perkins plans to raise $600 million, following last year’s $650 million fund. The firm also has a $1 billion Digital Growth Fund and a $500 million Green Growth fund. Fortune Cisco Addresses the BYOD Dilemma: Cisco Systems will help companies manage and secure private mobile devices used by their employees at work, aiming to benefit from the “Bring Your Own Device” trend. Cisco sees growth opportunities for its services, which it has expanded to let businesses provide control over individual access and security, beyond merely connecting outside devices to a network. Allowing staff to use any device they choose is becoming a differentiator for companies seeking to hire young employees, even though it can become a nightmare for the IT department. Reuters Offshoring Still Affects American IT Job Count: The number of IT jobs at large corporations is declining significantly, but within 10 years this exodus may end as companies run out of jobs suitable for moving to low-cost countries. According to management consulting firm The Hackett Group, only about 4.5 million of the 8.2 million IT jobs in the U.S. and Europe at the start of 2002 will still exist in 2016. By 2016, if Hackett's estimates hold, the 1.8 million IT jobs in North America and Europe at the largest companies will have declined to about 1.5 million. The number of jobs lost to productivity improvements is roughly offset by the new jobs created through growth, "so the net change is about equal to the decline due to offshoring," said Erik Dorr, Hackett's senior enterprise research director. Computerworld Businesses Are Taking Real Financial Hits in Cyberattacks: The organizational cost of a data breach was $5.5 million last year, and malicious attacks are 25 percent more costly than other types, according to security solutions provider Symantec and the Ponemon Institute’s 2011 Cost of Data Breach Study. The study suggests that investing in security can pay large dividends and that businesses that employ a chief information security officer can reduce the cost of a data breach by 35 percent per compromised record. In the study, 39 percent of organizations say negligence was the root cause of their data breaches, and malicious or criminal attacks account for more than a third of the total breaches reported. eWeek Jackson National Life Adds Tennessee Jobs: Jackson National Life Insurance Company announced it will add an IT center to its Franklin, Tenn., office, adding 20 IT jobs. The insurance giant arrived in Franklin in 2010 with expectations of hiring approximately 300 workers over several years. The Tennessean

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