Discover the best of the web!
Learn more about Digg by taking the tour.
Tech sector laughs in the face of recession
networkworld.com — Many segments of the economy may be following the housing market as it swirls down the toilet, but up there on the rim safe and sound -- at least for now -- stands the technology sector. ``The longer a recession might continue, the more pressure it will put on tech. Right now, it’s very solid," says one Wall Street analyst.
nahsrocketeer75- 683 diggs
- digg it
- ubernoggin, on 04/29/2008, -2/+47Tech companies to rest of economy: "I drink your milkshake!"
/obvious- lemonpies, on 04/29/2008, -1/+5cheeky! :D
- rebrad, on 04/29/2008, -6/+3Better drink quick. The prices on Chinese good are going to go up faster than oil in the next few months. So if you want it you better buy it now. For some reason I don't think that will make stockholders very confident or put big smiles on their faces.
- santaliqueur, on 04/29/2008, -3/+6Really? Tell us Mr. Economics Professor, what is going to make Chinese goods increase in price over the next few months, when nothing has changed in years?
Methinks it has more to do with your fantasy doomsday scenario than reality. - rebrad, on 04/29/2008, -0/+3As the cost of rice rises Mr. Sanitation Engineer, the price of labor goes up. Methinks that some people can't see change when it bites them on the ass but I guess things stay the same in Mom's basement.
- supermansuper, on 04/29/2008, -0/+2Comment abuse:
(Easy to read, no ads, non single column version)
http://www.networkworld.com/cgi-bin/mailto/x.cgi?p ...
- santaliqueur, on 04/29/2008, -3/+6Really? Tell us Mr. Economics Professor, what is going to make Chinese goods increase in price over the next few months, when nothing has changed in years?
- Wakuko, on 04/29/2008, -3/+3The government is trying to bring everybody down in this induced recession to go to war with Iran, but the globalized world doesn't play by their rules anymore and is giving bush and cheney the finger.
World 1 - Bush 0
- dtele, on 04/29/2008, -2/+46I purchased a 2000 watt heater last week for $10.
My dinner cost me $30.
Something is very worrying here....- lemonpies, on 04/29/2008, -3/+11same here, it's cheaper to buy a flatscreen TV than get a weeks shopping these days!
- masterm1nd, on 04/29/2008, -3/+24You know it is possible to eat for a few bucks and I'm sure you could find a 30 dollar heater...
- santaliqueur, on 04/29/2008, -0/+7But what would he be worried about?
- FDDIcent, on 04/29/2008, -4/+18$30 dinner? i just made spaghetti and homemade meatballs for about $7.
- pegisys, on 04/29/2008, -1/+6spaghetti, the noodle of the gods. I can eat for a week with a box of spaghetti, a jar of sauce, and 2 pounds of ground beef.
- greenlight2001, on 04/29/2008, -8/+3Yeah, but it makes for a pretty boring weak. I like to mix it up a little with some pussy. I eat pussy whenever I can.
- kelt65, on 05/01/2008, -1/+1yes, but you actually *know* how to eat spaghetti.
- masterm1nd, on 04/29/2008, -0/+3I'm pretty sure you don't actually eat just spaghetti for a week but if you did it would be kind of unhealthy.
- Scaryclouds, on 04/29/2008, -1/+9@greenlight
It's amazing you haven't died from starvation then.- greenlight2001, on 04/29/2008, -5/+2I see what you did there... very clever... but it's simply not true, cuz I'm still picking your mom's pubes out of my teeth from last night.
- Aslander, on 04/29/2008, -1/+9@greenlight
That's gross considering his mom has been dead for a decade O_o - greenlight2001, on 04/29/2008, -3/+2I did what I had too...
- greenlight2001, on 04/29/2008, -8/+3Yeah, but it makes for a pretty boring weak. I like to mix it up a little with some pussy. I eat pussy whenever I can.
- theblacknight, on 04/29/2008, -0/+3Yeah. That spaghetti and meatballs used to cost $4.
- pegisys, on 04/29/2008, -1/+6spaghetti, the noodle of the gods. I can eat for a week with a box of spaghetti, a jar of sauce, and 2 pounds of ground beef.
- freddc, on 04/29/2008, -0/+2The part that that the heater is a hazard due to cost-cutting measures in construction(even if instructions are followed to the letter)?
- benhollister, on 04/29/2008, -0/+9Just wait until the electricity bill on that heater comes in...
- TheImmigrant, on 04/29/2008, -0/+4you speak the truth..
- CamperBob, on 04/29/2008, -4/+0Hmm. Do you expect it to cost significantly more to operate than your average American-made 2000-watt heater?
- TheImmigrant, on 04/29/2008, -3/+4The tech industry was slaughtered in the 2000 bubble, now its back and stronger than ever. What doesn't destroy you makes you stronger. (in the case of the tech sector)
- nekama, on 05/08/2008, -0/+2...for values outside the US.
- ekravchenko, on 04/29/2008, -0/+3Well you obviously didn't eat at McDonald's...
- MrTankJump, on 04/29/2008, -1/+3McDonald's is a horrible place to eat. Now not only does their food taste like the ball-sweat of a fully grown silver back gorilla, but it makes you feel like a gorilla just made you lick his balls.
- roodammy44, on 04/29/2008, -2/+2I don't know about in the US, but potatoes = £1, vegetables = £1.50, meat = £4 for two people. So that's about $13?
Sounds like a good dinner to me, maybe you should stop buying posh ready made meals and start cooking from scratch.- kelt65, on 05/01/2008, -1/+1nah £4 is more like $50 US, last week it was $13.
- vroom101, on 04/29/2008, -4/+11Article on one page: http://www.networkworld.com/cgi-bin/mailto/x.cgi?p ...
- killbert24, on 04/29/2008, -4/+27The tech sector farts in your general direction.
- justz00t, on 04/29/2008, -0/+3Fetchez la vache!
- beaunewcomb, on 04/29/2008, -2/+3This is pretty obvious I think... especially web companies that offer free services or even micro-type payments (think Xbox live, ringtones, etc) It doesn't matter how hard-up people are... they will always have a couple bucks here and there for that quick fix
- MrTankJump, on 04/29/2008, -0/+4That's one of the reasons the tech sector isn't in recession. America has that addiction to quick fixes that they think is worth the money they're paying for it. Micro transactions like a song off iTunes or a map-pack from CoD4 that you get instantly seem to make people much more satisfied than laying down some big cash for a new sofa.
- beaunewcomb, on 04/29/2008, -0/+1exactly.
- MrTankJump, on 04/29/2008, -0/+4That's one of the reasons the tech sector isn't in recession. America has that addiction to quick fixes that they think is worth the money they're paying for it. Micro transactions like a song off iTunes or a map-pack from CoD4 that you get instantly seem to make people much more satisfied than laying down some big cash for a new sofa.
- mobilehavoc, on 04/29/2008, -12/+32nd bubble burst in 3...2...1...
- Danby123, on 04/29/2008, -4/+19you know you are the true winners here? cats. Because no matter how stupid a picture of them is, or how bad of grammer the captions are, it will always appear on the internet.
- mal1964, on 04/29/2008, -2/+1Those tech guys put face on it, Amazing!
- crapmatic, on 04/29/2008, -4/+9Dugg for the toilet references in the lead-in, plus using the words "pressure" and "it's very solid". I bet a lot of Diggers are feeling some relief.
- debuggercll, on 04/29/2008, -0/+1Hahahahaha poop.
- cufford, on 04/29/2008, -2/+5A few people are doing well, while everyone else sinks. The way it always works.
- vagrantradio, on 04/29/2008, -4/+2I do, I do laugh in faces! Harr, harr!
- TheImmigrant, on 04/29/2008, -0/+2ahh you are scare me.!
- DeadlyCouncil, on 04/29/2008, -3/+9Anyday now, I expect Bush to adress the nation with his worried thoughts about our economy, while also outlining his plan to resuscitate it and bring us out of debt. It will be called Bushonomics.
Oh wait... *****.- ekravchenko, on 04/29/2008, -1/+5Bushonomics FTW :)
- Scaryclouds, on 04/29/2008, -1/+2More like *****
- mrzack, on 04/29/2008, -3/+1more like *****
- researcher1941, on 04/29/2008, -0/+3more like Reagan economics that sold Americans on the trickle down theory and free trade and deregulation. pure genius. Reagan hated the middle class as they were a bottle neck to the have mores lining their deep pockets.
there is a sucker born every minute in this case there were 270 million of them. well at least half that many as Reagan did not get all the votes. the genius of Reagan was that his economic policies are still alive today with both the demos and the repubs.
pure genius and it only took a second rate actor to pull this over on Americans. talk to the average voter on the street they care more about if obama wears his flag pin than they are working at wal mart as a greeter. sad time in America.
- mugicha, on 04/29/2008, -6/+11Thank god. I had just graduated from college with a liberal arts degree at the start of the last recession and let me tell you I was completely *****. Despite the fact that I graduated at the top of my class from a prestigious university I couldn't even get an interview let alone a job offer. I had to move back in with my parents and deliver pizza. That's when I decided to reinvent myself as an engineer and although it took me several years to do it, the only thing I regret about it is that I didn't do it sooner.
- mtekk, on 04/29/2008, -4/+14Should have gotten a real degree then.
- santaliqueur, on 04/29/2008, -2/+13Graduating at the bottom of your class in engineering is far better than being at the top of a liberal arts class. Your choice of major was your downfall, not the recession.
- kelt65, on 05/01/2008, -0/+1A liberal arts degree isn't a real degree? Most of the engineers I know are boring nitwits who couldn't think their way out of a paper bag ... though they're good at math. Not really interesting to talk to though. and no, I don't give a ***** about your salary.
- RedHerringHack, on 04/29/2008, -0/+6I have been programming for money since I was 13, in 1978. First contract was with Boeing, I wrote a dbms for 8 bit zenith systems in basic. Been living high ever since.
- mtekk, on 04/29/2008, -4/+14Should have gotten a real degree then.
- h0merg0mez, on 04/29/2008, -2/+10Nerds! Nerds! Nerds!
- GhostyBoy, on 04/29/2008, -0/+5Is this the part where the meek finally inherit the earth?
- stinkypyper, on 04/29/2008, -2/+6The tech sector learned it's lesson the hard way when the dot com bubble burst.
- nirav72, on 04/29/2008, -0/+5yeah, but there are still plenty of gimmicky "Web 2.0" companies burning money. So they will be a tiny shake out eventually. Or if capital spending drops due to the tight credit market, that might effect some software companies that sell high priced enterprise applications or hardware.
- nirav72, on 04/29/2008, -0/+5yeah, but there are still plenty of gimmicky "Web 2.0" companies burning money. So they will be a tiny shake out eventually. Or if capital spending drops due to the tight credit market, that might effect some software companies that sell high priced enterprise applications or hardware.
- skyshock1, on 04/29/2008, -1/+15That's fine and good and all, but um, with the value of the dollar going down, how come our ***** wages are staying the same?!?
- my10cent, on 04/29/2008, -1/+0That is what recession is all about.
- iiBeLiEvE, on 04/29/2008, -1/+3Poor Motorola.
- bunki8, on 04/29/2008, -0/+3Not to be a downer, but I think it's kind of early to be celebrating two quarters of performance and saying it means the tech sector laughs in the direction of finance...
- talonstriker, on 04/29/2008, -0/+2As a college sophomore, I hope the tech sector stays strong for at least the next 3 years. Or I'll have to end up going to grad school after I graduate.
- greenlight2001, on 04/29/2008, -0/+6Good luck getting student loans.
- RuthlessPirate, on 04/29/2008, -2/+6Scholarships + (relatively) cheap public university FTW
- greenlight2001, on 04/29/2008, -0/+6Good luck getting student loans.
- mrzack, on 04/29/2008, -4/+4***** this Fake American economy. We've all been lied to.
- researcher1941, on 04/29/2008, -1/+2please note you are getting negative diggs. it is called denial and countries are capable of staying in denial for hundreds of years.
we are being lied to daily and our money is becoming worthless not worth the paper it is printed on.
at least our complete collapse might halt our imperialism around the world.
- researcher1941, on 04/29/2008, -1/+2please note you are getting negative diggs. it is called denial and countries are capable of staying in denial for hundreds of years.
- austin63, on 04/29/2008, -0/+12Well time to sell tech stocks. Articles like this are an easy indicator that a market is about to tumble.
- superkendall, on 04/29/2008, -2/+1Well that's odd, it's almost like the story about a woeful economy the press is harping on in an election year, is blown out of proportion or something!
That can't be so, election years are when the press are extra careful to check all the facts before publishing.
Oh wait, that's blogs I'm thinking of. - farksucks, on 04/29/2008, -1/+5That article is *****. If you factor out the currency translation from the earnings of IBM and Google, both companies actually earned LESS this quarter than they did 1 year ago. But since the dollar has collapsed, their foreign branches get to import cheap dollars earned in europe as euros.
But wall street doesn't want to tell you that. - sfacets, on 04/29/2008, -0/+4Tech is the infrastructure of economy - the bones. Without the flesh, the bones collapse.
- pbrooks100, on 04/29/2008, -0/+1The flesh is little more than a stationary sack of proteins without the bones...
Think Gary Larson and "Boneless Chicken Ranch"
- pbrooks100, on 04/29/2008, -0/+1The flesh is little more than a stationary sack of proteins without the bones...
- AncientPC, on 04/29/2008, -0/+1Printer friendly version: http://www.networkworld.com/cgi-bin/mailto/x.cgi?p ...
- londubh, on 04/29/2008, -0/+4Uh that doesn't address tech sector workers. And if I recall correctly when the dot com bubble burst a lot of tech workers ended up in unemployment lines. So the tech sector may laugh but the workers won't be.
- tghd, on 04/29/2008, -0/+2SemiCon is hurting right now. I'm sure Tech is sure to fallow.
- lateralus, on 04/29/2008, -0/+1SemiCon has been hurting for years.
- lateralus, on 04/29/2008, -0/+1SemiCon has been hurting for years.
- salinemist, on 04/29/2008, -1/+1We've had two quarters of economic contraction? Recession has become one of those words like "diversity" or "change" that has no meaning at all, and if it does it's the opposite of the intended one.
- korneelwever, on 04/29/2008, -0/+0I just laugh in it's general direction.
- webefools, on 04/29/2008, -0/+1"These include Intel, IBM, Google, AT&T, Apple, EMC, EDS and Microsoft, which all beat Wall Street estimates of how they would fare in terms of revenue and profits during the first quarter."
And these are the only tech companies left... - tmcdigg, on 04/30/2008, -0/+2Well, if there is a tech stock crash.. these are the companies I want to get pummeled:
1. Apple
2. Sony (god damned blue ray scam artists, also ps3)
3. Amd (well, they're doing it all by themselves.. but I'll add it for good measure just incase)
4. Intel (just.. because)
5. Microsoft (they've had this coming for some time now)
6. Cisco (can somebody kill off this company already) / Linksys
7. Samsung (because the S. Korea economy is doing well despite the overall downturn in the world economy)
8. Motorola (because cable companies still want them to make stuff even though they have no more talent for doing such)
9. AT&T (uverse, iphone, need I say more)
10. Sprint (see #3).
Digg is coming to a city (and computer) near you! Check out all the details on our 
© Digg Inc. 2008 —
Content posted by