Wed, Oct 15, 2008 - Page 11 News List

Intel, Microsoft squeezed by US$170bn budget cuts

TRICKLE-DOWN EFFECT Technology companies will be reporting their third-quarter results over the next two weeks, bringing a hint of the extent of the slump

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“I would expect to see some misses that will raise red flags and ultimately could be the beginning of the slowdown that so far has eluded the tech industry,” said Jason Pompeii, a Chicago-based technology analyst for Fitch. “We could really start to see the effects of the broader economy.”

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