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Video conferencing prompts Silicon Valley companies to cut travel plans
Just a few years ago, Advanced Micro Devices executive Linda Starr racked up a million air miles a year in business travel. Now she logs a mere 100,000 miles per year, thanks to sophisticated video conferencing technology.
In a trend that could transform the way companies do business, Cisco Systems has slashed its annual travel budget by two-thirds — from $750 million to $240 million — by using similar conferencing technology to replace air travel and hotel bills for its vast workforce.
Likewise, Hewlett-Packard says it sliced 30 percent of its travel expenses from 2007 to 2008 — and expects even better results for 2009 — in large part because of its video conference technology.
By John Boudreau
Full Story: http://www.mercurynews.com/business/ci_12992434?nclick_check=1
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