Recent Blog Posts
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MSNBC.com "Knows a Trend When It Sees One"
Nov 23 20094:11 pm EDT -
Windows 7 Spin May Be on the Money
Nov 23 20098:44 am EDT -
Mapping Company Raises Millions
Nov 20 20094:09 pm EDT -
Facebook Valuations Are All Over the Map
Nov 20 200911:30 am EDT -
The Future of Tech, 2010 Edition
Nov 20 20099:13 am EDT -
Automatic Pancake-Making Machine Attracts $2 Million in Capital
Nov 19 20094:53 pm EDT -
Apple Talk of Microsoft's Annual Meeting
Nov 19 20091:27 pm EDT -
There Is Still Hope for the News Business
Nov 19 200911:50 am EDT -
The Google Phone May Be Near
Nov 18 20094:10 pm EDT -
Amazon Grocery Service Goes Mobile with iPhone
Nov 18 20099:13 am EDT
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Sep 29 2008 11:22am EDT
Bailout, Psychology, Tech
Kevin Maney writes: The bailout swirls and stocks of every kind, including tech, are down. Apple stock is getting hammered because analysts are revising expectations downward. Tech is watching for fallout -- like whether corporations cut tech spending. Concerns about credit markets freezing up affect the big guys like Intel, Cisco, IBM, et al...but not so much the tech start-up scene, which increasingly relies on small investments from individuals and venture capitalists.
Meanwhile, the more worrisome indicator for tech may be the news that consumer spending was flat in August -- because if consumers held back in August, you know they generally stopped dead in September. The psychological impact of the Wall Street crisis might be worse than the actual impact. If people worry and put off buying that laptop, that's going to hurt the industry as much as any credit cramp.
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