Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 17 July 2012 10:46

Tech shares are falling

Written by Nick Farrell



Not a safe pair of hands any more


Technology shares in Intel, Microsoft and IBM were once considered to be a safe bet. However the cocaine nose jobs of Wall Street have emerged from their corporate toilets spouting that the end is near and the big names of technology such as Intel, IBM, and Microsoft are not "safe" anymore.

It makes some sense. We have seen profit warnings from AMD, Applied Materials and Informatica and it is unlikely that Intel, Microsoft and IBM can do any better. Part of the problem is that few analysts have predicted the kind of slowdown like the one we are going to see in the second half of the year. Top name Samsung has seen its shares fall by more than a fifth since May and analysts have been slashing their estimates for LG too.

Brokers have been downgrading their outlooks for Lenovo and it is best not to talk about Sony and Panasonic. Only Apple is doing well at the moment. It has seen a four percent rise lately and it is expected to do well once it can get its new iPhone 5 out and the latest iPad hits Chinese stores on 20 July. Of course that is nothing to do with business, more just faith.

IBM, Intel, Microsoft and VMware are suffering mostly because companies have been cutting back on their IT budgets. This is causing weaker demand in Europe and China and is making chipmakers delay or cancel equipment orders. The only real hope is that Microsoft's launch of Windows 8 will kickstart the industry and share prices will rise again.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments