hypnosec writes "IBM is taking its COBOL server platform to the next level by updating the mainframe platform in a bid to extend and enable its mainframes to host cloud based applications and services. The latest update is looking to add XMLS Server as well as Java 7 capabilities to the System/z COBOL platform and this update would extend the overall lifespan of COBOL by taking it up a notch and gearing it towards the cloud computing arena."

First time accepted submitter russotto points out the claim of industry group TechAmerican Foundation (reported by Computerworld) that "wages for the software industry are falling, not rising. Wages fell 2% to $99,000 in 2012." Averages are one thing; the article points out though that wages vary vastly within the industry, and that some jobs are harder to fill (thus, better paid) than others. An excerpt: "Victor Janulaitis, CEO of Janco Associates, a research firm that also analyzes IT wage and employment trends, cited a number of reason for the decline in wages for software professionals. First, technology is becoming easier to implement without having an IT professional, he said. Also, the option of turning to outsourcing creates less pressure to increase wages. As the recession continues, companies continue 'to look at productivity and will often look to hire individuals who are lower cost employees,' said Janulaitis. That could include displaced baby boomer workers who have been out of work for some time and 'will take a lower paying job just to get back into the workforce.'"