Word: teche
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...already on, the index charts all grew a near-vertical line at 10:50 a.m. when the news hit. Three hours later, the party was still going - the Dow was up over 400 points and the NASDAQ nearly 200, and traders were suddenly remembering the good old days, when tech stocks doubled right in front of your eyes...
After Cisco, bellwether of tech bellwethers, reported dire earnings news and direr layoffs Monday evening, NASDAQ-watchers cringed for another depressing sell-fest - but the markets shrugged it off. TIME personal finance columnist Daniel Kadlec looks around and sees the mood changing: When bad news no longer surprises, it's time for these markets to start climbing back uphill. At least until summer...
...ways to look at this. The first is that this wasn't an economy-wide problem. You don't lay off 8,500 employees - 20 percent of your workforce - because of the economy alone. That's a management screwup. And that's why the rest of the tech stocks didn't go down with it - the news was so awful that it couldn't be viewed as industry-wide...
Once I felt the hot rush of being liked by attractive people, I couldn't stop handing them tickets. My only defense is that other than my friends, the tech guys from TIME and a whole lot of people I'd never met who said they were "friends of Joel Stein," no dorks came. The only people who go to these kinds of clubs are awful people who act self-important and try too hard. And it so happens I prefer good-looking awful people to ugly awful people...
...Amid the dot-com wreckage, travel bookings are turning out to be one thing the Web is very, very good at. With all the efficiencies of instant price comparison and the one-stop plane, hotel and rental-car shopping that Expedia and its main competitor, Travelocity, offer, tech tracker Forrester Research estimates that U.S. sales will reach $16.7 billion this year and $29 billion...