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Investors lose faith in tech
Technology stocks are trading at a two month low, caused by disappointing sales during the holiday season and a lack of excitement about upcoming products.
The annual Consumer Electronics Show earlier this month failed to arouse anyone, which was best demonstrated in the keynotes of Microsoft's Bill Gates, Intel's Craig Barrett and Carly Fiorina from HP. The executives pretty much said nothing new, neither did they show any new technologies.
Earnings reports from companies earlier this week have mostly disappointed the markets too – with Apple being the sole exeption.
January 21, 2005 at 10:32 PM | Permalink
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