Friday, July 18, 2008

Tech Firms Rise Above Economic Turbulence -

Another view

Earnings reports from four technology giants suggest the tech sector is weathering the economic slowdown better than other industries -- though not always as well as Wall Street has hoped.

The quarterly results posted Thursday by Microsoft Corp., Google Inc., International Business Machines Corp. and Nokia Corp. all point to some common trends that are sustaining revenue growth. At a time when many other companies are struggling amid high energy prices and a worsening credit crunch, these four firms are benefiting from healthy technology demand outside the U.S., the growing economic importance of the Internet, and widening use of cellphone and portable computers in emerging economies.

Tech Firms Rise Above Economic Turbulence -

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