Eurotech: Is The Euro Zone Slowdown Finally Bashing Technology Leaders?
Eurosclerosis may finally have hit the technology sector.
Last year, CEOs of top companies including Cisco Systems (Nasdaq: CSCO) and Oracle (Nasdaq: ORCL) suggested the European economic crisis would have to temper demand for new products and services.
It didn't happen.
Now, as companies headed by International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, Intel (Nasdaq: INTC), the No. 1 chipmaker, and Qualcomm (Nasdaq: QCOM), the biggest designer of mobile chips, report their quarterly results, it's clear the crisis is starting to bite.