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Intel Good Tech So So

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by Kevin Maney
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Apr 16 2008 12:00am EDT

Intel Good, Tech So-So

Intel's better-than-anticipated earnings report is giving all of tech a lift. But I'm not feeling so sanguine. First of all, when you take Intel's report apart, it's not stellar -- and the things going right for Intel seem to be more about good decisions made by Intel than a strongly growing computer market.

Most outlooks for global spending on information technology points to slowing growth. Forrester says growth will be cut in half in 2008 vs. 2007 -- although, keep in mind that tech will still grow at 6%, which isn't bad. It's just not the 12% of 2007. Earlier this year, IDC lowered its growth projection for 2008 to 5%.

Tech stocks are expected to jump today off Intel's news, but that seems premature. Not that such a concern ever stopped Wall Street...

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