Technology companies may be the next group swept up in a restructuring wave that began on Wall Street. Purchases of computer hardware, software and services have been affected by the global credit crisis that has slowed lending, and a broad recession as consumers struggle with unemployment and mortgage payments. The economic downturn promises to be severe for technology companies, many of which are laden with debt brought on during the credit boom of recent years. Meanwhile, shares in smart phone maker Palm Inc. fell last Wednesday after an analyst downgraded the stock and questioned in a research report its need for additional capital.
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April 30th, 2009 at 6:10 pm
I have a blog on a similar topic. Maybe we can exchange links?