More Tech Firms Stung By Weak Financial Sector
from the ouch dept
Because a company can only be as strong as its customers, there's no way for tech companies to be completely insulated from broader economic events. Companies with a lot of exposure on Wall St. are going to be particularly susceptible to a slowdown, as some companies, like Cisco, have already stated that they're seeing weakness in this market. The latest to sound a similar warning is Tibco, a software provider with a lot of customers in finance. The firm described the financial sector as "notably weak" blaming it for an overall earnings shortfall. It should be noted that Tibco hasn't had a particularly stellar few years, so the company was already struggling a bit. Still, what's affecting Tibco is likely to affect a host of other related companies. Right now, there's a lot of concern about the health of the financial sector, but if troubles continue to persist, then the malaise is likely to spread elsewhere, potentially leading to spending slowdowns in other sectors.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Paul Kedrosky on tech-subprime exposure
http://paul.kedrosky.com/archives/2007/09/06/revisiting_the_1.html
[ link to this | view in chronology ]
Tech services - not "tech" as a whole...
[ link to this | view in chronology ]
Not so fast
[ link to this | view in chronology ]