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[News] US Tech Sector Apparently Imploding (Opportunity for Free Software and Linux)

  • Subject: [News] US Tech Sector Apparently Imploding (Opportunity for Free Software and Linux)
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Wed, 16 Jan 2008 13:33:25 +0000
  • Newsgroups: comp.os.linux.advocacy
  • Organization: Netscape / schestowitz.com
  • User-agent: KNode/0.10.4
Europe shares hit 15-mth low as U.S. worries weigh

,----[ Quote ]
| Banks led European shares to their lowest close in 15 months on Tuesday as 
| Citigroup's record quarterly loss amplified concern over the probability of a 
| U.S. recession and monthly retail sales staged a shock fall.  
`----

http://www.reuters.com/article/marketsNews/idCAL1582435020080115?rpc=44

European Factors--Shares set for more falls as US worries weigh

http://www.reuters.com/article/marketsNews/idCAL1582435020080115?rpc=44

With Intel's Disappointing Results, The Bull Market Has Ended

Look for tech to get hammered again at the open Wednesday.

http://seekingalpha.com/article/60307-with-intel-s-disappointing-results-the-bull-market-has-ended?source=yahoo

US recession fears hammer Asian stocks

,----[ Quote ]
| Stock markets tumbled across Asia on Wednesday and the dollar fell to a 
| 2½-year low against the yen amid heightened fears that the US is falling into 
| a recession.  
`----

http://biz.yahoo.com/ft/080116/fto011620080401480363.html?.v=1

IBM: Treasure Island Revisited

,----[ Quote ]
| If ever there was proof that the financial community does not understand the 
| basics of a legacy IT company, the euphoria over yesterday's IBM results 
| preview said it all. News of IBM's profit sent the technology sector up,which 
| in turn drove up the broader markets, confusing many IT observers. IBM a 
| stellar performer - I don't think so!    
`----

http://www.channelregister.co.uk/2008/01/16/ibm_results/

It all works in favour of Free software.


Related:

Software Notebook: Microsoft's cash pile isn't what it used to be

,----[ Quote ]
| But Microsoft has taken a series of steps to reduce its cash
| balance. Specifically, by Microsoft's count, the company has
| paid out nearly $100 billion through dividends and repurchasing
| its own stock in the past five years.
`----

http://seattlepi.nwsource.com/business/309852_software02.html


Commentary: Microsoft needs more than just buybacks to lift its shares

,----[ Quote ]
| Microsoft shares, which have been dormant for the last few years,
| have been looking up over the last couple months. The Dow industrials
| component has gained about 20% since hitting a 4-year low of $21.46 o
| June 13.
|
| To help move things along, Microsoft not only launched a $40 billion
| stock repurchase program that lasts through 2011, the company also said
| its previously announced 4-year, $30 billion stock buyback program was
| completed in just 2 years.
`----

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B685EFB89%2D5791%2D4E8B%2DAD6A%2D9688F5B6012A%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo

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