Recent Blog Posts
-
A Big Fat Geek Survey
May 25 20123:56 pm EDT -
Phasing Out Instagram
May 25 20122:27 pm EDT -
UberConference Is Victorious!
May 24 20121:49 pm EDT -
Ark Floats, Olive Branch Unseen
May 21 20126:30 pm EDT -
Teach the Internet to Forget
May 21 20124:39 pm EDT -
Microsoft Patent Begs the Question:
Who Needs Developers?
May 17 20123:30 pm EDT -
Mozilla's Monitor-Me-Not
May 17 201211:38 am EDT -
Google's Brain Gets Humanized
May 16 20125:30 pm EDT -
Pandora Demographics Aim Wedding Proposal
May 16 201212:19 pm EDT -
New York Techies Get Mappy Way to Job Hunt
May 15 20122:50 pm EDT
Links
- Engadget

- Pandora

- GigaOM

- USA TODAY Tech

- Somewhat Frank's tech conference list

- BuzzTracker Tech

- The Long Tail

- Tom Foremski

- Roger McGuinn's Folk Den

- John Battelle's SearchBlog

- Mark Cuban's blog

- SciTech Daily

- Romenesko

- Kevin Maney's site

- Steven Johnson

- Marc Andreessen

- TechCrunch

- Fred Wilson

- paidContent

- Spiedies, mmmm

- TechFlash

Tech Companies Trapped in the Nightmare, too
Kevin Maney writes: Tech news is like a house of horrors these days. Everywhere you turn, you see something else frightening.
Like this morning. You could be trying to digest the outlook from Intel, which late yesterday slashed its revenue forecast for the fourth quarter from $10 billion or so to $9 billion. The company says there is "significantly weaker" demand for PCs in every part of the globe. While absolutely nothing is wrong with Intel as a business -- it still supplies chips for 80% of the world's PCs -- its stock is at a 12-year low.
Scared, you turn toward the usually-comforting Google, and find that its stock has dropped below $300 a share for the first time since 2005. Mark Mahaney, who follows Google for Citigroup, dropped his price target for Google from $590 to $450.
Where else are you going to turn? H-P, Dell, Cisco -- their stocks are all down and their forecasts look bleak. Even high-flying Apple has seen its stock drop by half from a year ago.
And to think tech is in better shape than a lot of American industries. Yikes.
. □
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.





