Software Sector – Industry Outlook
Zacks Market Commentaries (July 16th, 2009) Writes:
Outlook
Global markets appear to be shaking off the recent unprecedented withering of the financial system and are looking for an upturn. But is it sustainable or is it a short-term event?
So far, a string of drastic actions by the Federal Reserve and both the Bush and Obama administrations has yet to turn around a bunker mentality. Banks fear lending money to each other and to their customers. Businesses are reluctant to hire and boost capital investments. Consumers have hunkered down.
All the economy's problems are feeding off each other, creating a vicious cycle that Washington policymakers are finding difficult to break. Even if the turmoil gripping Wall Street were to let up and badly shaken confidence in the banking system were fully restored, a "broader economic recovery will not happen right away."
Obviously, the technology industry is not immune to the current economic ...
Tags for this Post:
Application/Business Software, Business Software, Consumer Electronics, corporate software, Digital River;, Europe, Federal Reserve System, finance, Fiserv, Gartner Inc;, Internet adoption, internet software, Intuit, Market Commentary, non-essential travel;, or consulting services, overall business information-technology sales, overall technology, retail, SAP, security solutions, software, software giant, software licenses;, software stocks, Stocks to Watch, technology groups, technology industry, technology sectors;, The Macro Trader, United States, Verisign, wall street, Washington, Zacks Market Commentaries
Application/Business Software, Business Software, Consumer Electronics, corporate software, Digital River;, Europe, Federal Reserve System, finance, Fiserv, Gartner Inc;, Internet adoption, internet software, Intuit, Market Commentary, non-essential travel;, or consulting services, overall business information-technology sales, overall technology, retail, SAP, security solutions, software, software giant, software licenses;, software stocks, Stocks to Watch, technology groups, technology industry, technology sectors;, The Macro Trader, United States, Verisign, wall street, Washington, Zacks Market Commentaries


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