If Intel’s latest earnings are truly an indication of how the tech industry is holding up in the econalypse, then the tech industry isn’t doing too badly (though, obviously, it has seen better days). After market close Tuesday, the chip behemoth posted second-quarter results far in excess of expectations.
Read More »
EMC posted fourth-quarter financials today, reporting sales that were basically in line with projections and earnings that slipped 45 percent from a year ago. Though its profits sank, the company managed to hit all its financial marks for the fourth quarter–something it won’t be doing in the current one. Because the worldwide economic situation has grown so grim and uncertain, EMC has opted not to provide a first-quarter projection, let alone a full-year outlook. Why risk setting expectations too high, right?
Read More »