Wall Street Beat: Hardware, chip sales shine
Upbeat sales reports and forecasts continue to pour in for the PC and chip market, offering yet more evidence that economic recovery has already spurred a worldwide resurgence in spending on hardware.
Upbeat sales reports and forecasts continue to pour in for the PC and chip market, offering yet more evidence that economic recovery has already spurred a worldwide resurgence in spending on hardware.
Are shares of IT vendors set to rise again? Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday that was generally ascribed to news about China's confidence in Europe, which faces a debt crisis in Greece and other Mediterranean countries.
Regulators plan to enact new rules to curb the type of market volatility behind the May 6 "flash crash" that caused the Dow to plunge almost 1,000 points in a half hour. The goal is to head off market gyrations that can be exacerbated by automated high-speed trading.
Apple will report selling another record number of Macs in the final quarter of 2009 when it unveils its financial figures later this month, a Wall Street analyst said Thursday in a note to clients.
In a tumultuous week on the market, the attention of IT investors was captured by a mixed bag of acquisition activity and earnings news from the hardware and chip arena -- a sector that is supposed to help lead tech out of the recession.
Technology drives just about everything we do, and not just at our jobs. From banks to hospitals to the systems that keep the juice flowing to our homes, we are almost entirely dependent on tech. More and more of these systems are interconnected, and many of them are vulnerable. We see it almost every day.
IT professionals taking on more work in light of the current economic climate identified rising workloads as the greatest source of workplace stress, according to research from Robert Half Technology.
Economic uncertainty is driving CIOs to halt projects, freeze hiring and pile more responsibilities on existing IT staff.
While most eyes are still on stopping the bleed on Wall Street, smart tech companies will likely take a page out of Warren Buffet's playbook by looking for merger and acquisition opportunities with stocks at multi-year lows.
The ongoing chaos on Wall Street could hold an upside for vendors of risk-management technologies and practices, as well as sellers of compliance management products.