Technology companies are once again on an upward trend on Wall Street. There is an improved preference for technology stocks, which had in the past few years suffered a heavy beating due to poor results and unpredictable market conditions. The tech bubble of the 90’s is slowly fading out of investors’ minds as the sector begins to reclaim its status as a major player in today’s business.
Major technology companies have had their share prices increase, as well as sales volumes and profits. Intel (INTC) which is the world’s biggest chip maker announced robust profits exceeding all expectations. It even posted a positive outlook for the near-term period. This was an indicator of the general state of the tech industry. As a feeder for the IT sector, success with Intel means that there is improved activity across the global tech equipment manufacturing sector.
Although slower growth was reported at many PC manufacturers such as HP and Dell in the last quarter of 2010, news coming from Apple and many semiconductor producers showed strong growth going into 2011.
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