Rising oil prices, terrorism fears and lackluster consumer spending may be holding back the broader economy, but technology spending remains strong.
The May issue of CIO Magazine said IT spending projections rose to 7.8%, the highest reading since January. It was the fifth consecutive month of steady readings for the survey, evidence of a "slow but steady" recovery in IT spending, according to Prudential strategist Ed Yardeni. LubbockOnline.com - Business opposition to game move remains strong in ::
soak in the atmosphere of the weekend who also spend money, she said. Collier said while Texas Tech has its own reasons for moving the game, there are
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Is the Tech Industry Recession-Proof? - Columns by PC Magazine::
Consumer spending might be down, but tech companies like Intel, HP, Apple, why consumer tech spending remains strong, especially spending on home-theater
http://www.pcmag.com/article2/0,2817,2290399,00.aspHOME |
After the recent cycle of spectacular boom and bust, slow and steady would probably sit just fine with most investors.
The broader market managed to finish with modest gains Tuesday despite soaring oil prices and growing terrorism fears.
The Nasdaq rose 4 to 1990, the S&P 500 added half a point to 1121, and the Dow tacked on 14 to 10,202. Volume rose to 1.23 billion shares on the NYSE, and 1.46 billion on the Nasdaq. Advancers led 17-16 on the NYSE, and 17-14 on the Nasdaq. Upside volume was 49% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 79-20 on the NYSE, and 95-32 on the Nasdaq. washingtonpost.com: Tech Recovery Looks Partly Cloudy, Partly Sunny::
But the atmosphere remains cautious this morning, even as IBM also reports pickup in corporate capital spending to end the tech industrys long slump, The
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Why tech is still growing - May. 16, 2008::
Youve seen the blowout earnings numbers. Heres a look at why growth remains strong for big tech companies. It no longer represents discretionary spending.
http://money.cnn.com/2008/05/15/technology/kirkpatrick_bigtech.fo.htm?section=money_latestHOME |
After the close, Nortel announced it will give a business update Wednesday morning.
During the day, Accenture gained 3% on a homeland security contract that could be worth billions.
Axsys jumped 13% after raising guidance.
Manugistics fell 9% on a warning.
Spectrum Signal Processing jumped 20% on a deal with Lockheed Martin.
AT&T slid 4% to a new 52-week low after failing to reach a wholesale agreement with Verizon.
F5 edged higher on a security acquisition.
Oracle lost 2.5% on a downgrade.
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 Nortel Foresees Growth, Accounting Issues Linger
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