The Week In Review: System-Level Design

Wearable computing; HP continues restructuring; IBM receives security patent; Intel winning support in set-top box market.

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The big buzz at this year’s CES is around wearable computing, according to Gartner, and the big drivers will be fitness and digital health. The firm believes wearable electronics will be peripherals to smartphones, which will provide connectivity to store and analyze biodata.

Hewlett-Packard plans to cut 34,000 employees by the end of this year, or roughly 11% of its workforce, according to a 10-k filing with the Securities and Exchange Commission. In the report, HP blamed continued market and business pressures. The cost of the restructuring—which included an extra 5,000 job cuts—will be about $4.1 billion. The company said it expects to record these charges through the end of its fiscal year. The cuts are part of a multi-year restructuring plan HP filed in 2012.

IBM received a security patent for an efficient way of implementing homomorphic data encryption inside of data centers. The company claims the technique allows unrestricted analysis of encrypted data, which can be mined and analyzed, without exposing the original data.

Intel, which has dabbled in a variety of markets over the years, is winning new business in the set-top box market. The company says it has signed two media software developers for its Atom-based reference design.