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August 21, 2013 06:58 am GMT
What is the forecast for tech? It depends on whom you ask. For some, its contraction. For others, the money is flowing.Cisco is in the tank and has layoffs planned, even as Microsoft mints new billion-dollar businesses. Yahoo cant keep its hands off the kids. Some companies arecribbing business models from Asia to monetize their social products. Even the tech deitiesappear to be somewhat confusedabout whats going on.Twitter and Box are going public in short order, and the new name of the tech game is stacking revenue. For some, of course. Even Foursquare is said to be dialing up its top line. Weve seen several billion-dollar acquisitions this year, and were not talking Instagram.There is excess, there is friction, there is Disruption, and yes, there are some things that are worth laughing about. But one word that you dont usually see stapled to the technology industry is “slump,” at least not lately. 2008 and the resulting financial ice-over are a half decade past, and the stock market is setting fresh records. Slump?Some think it, especially Chris O’Brien of the Los Angeles Times. His recent piece paints a bleak picture of the technology world, inferring that things are pretty rough at the moment. A sampling, for tone: In a surprising turn, the tech industry is in a slump even as the U.S. economy picks up steam. [...] There even have been signs that tech’s dysfunction was having a wider effect. [...] Being labeled a “drag” is the ultimate insult for an industry that likes its growth fast and furious. But why has tech lost its mojo? Its an interesting thesis. We shall not post a point by point analysis, as that would be pedantic of us, but the concept is worth exploring. In brief, though O’Brien raises interesting points of softness in the technology sector, there isn’t much evidence that tech is experiencing anything on the level of a slump. Lagging The Market Key to OBriens view of the technology industry is that it lies in contention with the rest of the economy. This feels all but odd, but it is his own framing. To wit: And tech stocks have lagged the broader stock market this year. As of early August, the S&P 500 was up 19.68%, but tech stocks in the index were up only 11.1%, one of the lowest-performing categories Two things about this stand out, first that an
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JNgrdtqYrcY/
Tech In A Surprising Slump? Hardly
What is the forecast for tech? It depends on whom you ask. For some, its contraction. For others, the money is flowing.Cisco is in the tank and has layoffs planned, even as Microsoft mints new billion-dollar businesses. Yahoo cant keep its hands off the kids. Some companies arecribbing business models from Asia to monetize their social products. Even the tech deitiesappear to be somewhat confusedabout whats going on.Twitter and Box are going public in short order, and the new name of the tech game is stacking revenue. For some, of course. Even Foursquare is said to be dialing up its top line. Weve seen several billion-dollar acquisitions this year, and were not talking Instagram.There is excess, there is friction, there is Disruption, and yes, there are some things that are worth laughing about. But one word that you dont usually see stapled to the technology industry is “slump,” at least not lately. 2008 and the resulting financial ice-over are a half decade past, and the stock market is setting fresh records. Slump?Some think it, especially Chris O’Brien of the Los Angeles Times. His recent piece paints a bleak picture of the technology world, inferring that things are pretty rough at the moment. A sampling, for tone: In a surprising turn, the tech industry is in a slump even as the U.S. economy picks up steam. [...] There even have been signs that tech’s dysfunction was having a wider effect. [...] Being labeled a “drag” is the ultimate insult for an industry that likes its growth fast and furious. But why has tech lost its mojo? Its an interesting thesis. We shall not post a point by point analysis, as that would be pedantic of us, but the concept is worth exploring. In brief, though O’Brien raises interesting points of softness in the technology sector, there isn’t much evidence that tech is experiencing anything on the level of a slump. Lagging The Market Key to OBriens view of the technology industry is that it lies in contention with the rest of the economy. This feels all but odd, but it is his own framing. To wit: And tech stocks have lagged the broader stock market this year. As of early August, the S&P 500 was up 19.68%, but tech stocks in the index were up only 11.1%, one of the lowest-performing categories Two things about this stand out, first that anOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/JNgrdtqYrcY/
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