Word: teche
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Like many other tech companies, MicroStrategy found its stock plunging this spring. Still, the recent graduates who had received job offers were told not to worry because their jobs would not be affected, according to The Washington Post...
...what does the future hold for Miami? Well, they might not win the championship this year because they have yet to play a tough Virginia Tech team and already have a loss to Washington. However, Miami's No. 4 ranking is the highest rank it has had in quite a while. That bodes well for the team after so many years of falling from grace...
...Those oil-price reductions were wiped out as November crude touched $37 (right near the September 10-year high) during the session and settled at $35.50 a barrel, and heating oil prices have hit new highs again. So much for the NASDAQ's signs of life Wednesday afternoon; the tech index started the day up but got swept into a 93-point slide as visions of the '70s danced in investor's heads...
...Yahoo. After the end-of-session bell, the tech bellwether is expected by some to disappoint with its earnings report, thanks to a slowdown in the dot-com advertising sector. (Less new dot-coms these days, which means less new dot-com ad men bidding for space on prime-time portal Yahoo.) If Yahoo - which is unveiling some new voice-based services (read: potential revenue streams) Tuesday afternoon, possibly as a means of softening the blow for the earnings news - can please the Street, good vibrations for the dot-commerce sector could follow. If Yahoo disappoints, it's one more...
...tech market is in a curious sort of psychological Catch-22 these days: Investors are waiting for things to calm down, and it's making them very nervous. Most forecasters look ahead to November or December as a time of some calm and clarity. The Fed will have a clearer picture of the economic soft-landing/slowdown. The nation will have a new president-elect unburdened by campaign-specific rhetoric. And this blasted earnings season will be over...