Tuesday, October 20, 2009

Google, IBM, Intel earnings possibly signal start of U.S. recovery


  • Google, IBM, Intel earnings possibly signal start of U.S. recovery
    There is a good chance the high-tech sector will lead the U.S. out of recession, economists said. Technology giants Google, IBM and Intel reported stronger third-quarter results than expected. Executives at Cisco Systems and Dell hinted that they also have good news for this earnings season. Google said it will start hiring and accelerate strategic acquisitions. "This will be a technology-led recovery," said Edward Yardeni, an economist and investment strategist. "And the improvement we're seeing from the technology companies suggests the recovery has legs." The New York Times (15 Oct.) , InternetNews.com (15 Oct.)






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