Economic Forecast Bright Thanks to Tech
First quarter report cards are in and Wall Street gives the tech industry gold stars as many companies in the sector showed earnings that exceeded expectations!! Some of the top performers highlighted include, Apple, Google, IBM and Intel. While Microsoft was noted as merely meeting expected projections. Techs ability to respond immediately to the demands of a market in trouble combined with consumer supported spending on technological devices gives weight to the fact that this might be the industry that leads us out of our current economic crisis. Even more exciting, tech stocks are soaring and industry experts are saying the bottom may have already been reached, all positive indications that the storm might be ending and our economy could be on the upswing. LUXtastic!
A solid crop of earnings reports from the leading lights of technology suggests the sector is proving adept at cost cuts and more resilient to the economic meltdown than previously thought.
Keep reading at Reuters.
