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How the credit crunch is hitting the IT industry


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#1 Nvyseal

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Posted 01 October 2008 - 10:24 PM

images/news/generic.jpgThe current financial crisis is not leaving the tech industry unscathed. Companies such as Apple and Google have taken major hits to their share prices, as the effects of the credit crunch ripple out from the financial sector.

As the industry waits to see how low the market will go — and which companies will use the situation to their advantage, or which will fall — ZDNet.co.uk will keep continue to keep you abreast of the latest developments and their possible effects on business technology.

Microsoft urges Congress to reconsider bailout
In a statement, general counsel Brad Smith says the measure is 'vitally important to the health and preservation of jobs in all sectors of the economy' [30 Sep 2008]

Tech stocks dive as US bailout fails
Technology companies saw shares take a beating after the US House of Representatives failed to pass the government bailout of the financial sector [30 Sep 2008]

Forrester predicts IT's credit-crunch survivors
The analyst house says that, as organisations look at reducing costs through mergers and acquisitions, some IT roles are more at risk than others [30 Sep 2008]

Apple shares fall 17.5 percent
The company's shares experienced a sharp fall in early-morning trading on Monday, after Morgan Stanley and RBC Capital Markets downgraded the stock [30 Sep 2008]
List continues @ ZDnet





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