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Beware This Tech-Tonic Shift In The Global Technology Sector
Investment U (November 5th, 2009) Writes:
Beware This Tech-Tonic Shift In The Global Technology Sector
by Tony Daltorio, Investment U Research
If you’re betting on a recovery in technology stocks based on third quarter earnings reports from companies such as IBM (NYSE: IBM) and Google (Nasdaq: GOOG), you’re not alone.
While economists and commentators debate the issue, many investors have already placed large bets on a V-shaped recovery for the tech sector.
They have some good reason to think so too, since the tech-heavy Nasdaq composite has risen 70% from its March lows. The problem is, they’re expecting “business as usual” in the industry… meaning they think spending will pick up the way it did in the 1990s.
Kris Gopalakrishman, CEO of Indian tech giant, Infosys (Nasdaq: INFY) – a company in the Xcelerated Profits Report portfolio – sees it differently,
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