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Software group points to sector's economic importance (InfoWorld via Yahoo! News) - The Software & Information Industry Association (SIIA) released a report on Thursday that painted a rosy picture of the sector's fortunes, one that stands in stark contrast to widespread fears of a recession in the U.S.

Investor Quiz: Was Software Stock's Comeback Enough? (Investor's Business Daily via Yahoo! News) - This software maker was a huge winner in the 1990s. But after peaking in 1998, the stock fell off the radar for most growth investors.

Schools to Increase Spending on Open-Source Software (PC World via Yahoo! News) - Educational institutions will increase spending on open-source software and services over the next few years, but that doesn't mean proprietary software will be left in the dark, according to a new report covering 14 countries.

Autobytel sells AVV software business for $22.75M (bizjournals.com via Yahoo! Finance) - Autobytel Inc. has sold its AVV data extraction and customer relationship management software business to Dominion Enterprises, the company said Thursday.

SOFTWARE TOOLS: IFT software delivers real-world stress test for cellular phones (Embedded Systems Programming Magazine) - Santa Clara, Calif. — Agilent Technologies Inc. has introduced new interactive functional test (IFT) software for its 8960 Series 10 (E5515C) wireless communications test set.

Pastor Develops Software To Monitor Kids' Computer Use (WJXT News4Jax.com via Yahoo! News) - Knowing first-hand the potential dangers lurking on the World Wide Web, a youth local pastor has developed some software to help parents to keeps tabs of on where their children are going and what they are seeing on the Internet.

Massive defense software under scrutiny (UPI) - Software developers in a secret Boeing plant are developing a weapons program some U.S. officials say is the largest such program in Defense Department history.

Convergys, Ceon form software alliance (bizjournals.com via Yahoo! Finance) - A software product developed by Ceon Corp. will help Convergys Corp. upgrade its relationship management offerings.

Report: Army's Future Combat System plagued by software problems (Embedded Systems Programming Magazine) - WASHINGTON — Congressional auditors are reportedly questioning the exploding scale of software development required to field the U.S. Army's Future Combat System.

Software Engineering with Microsoft Visual Studio Team System (Linux Today) - Get a free copy of Software Engineering with Microsoft Visual Studio Team System to get a broad and thoughtful view on how to approach software engineering from a value-up paradigm.