Slower growth expected in tech industry
Lower prices on consumer electronics may help carry the tech industry through a difficult holiday shopping season. But analysts believe corporate spending on computer servers, PCs and business software is entering a period of slower growth that will last well into next year.
With banks failing and the stock market in turmoil, holiday shoppers may be nervous about spending too much on laptops, mobile phones or video consoles, analysts say. And businesses and government agencies which spend three times more on technology in this country than individuals spend on consumer electronics had delayed some purchases even before the chaos on Wall Street. In recent quarters, the tech industry has seemed immune to the larger economic downturn, as major companies like Apple, Hewlett-Packard and Oracle reported soaring profits and double-digit revenue growth. But industry analysts say the impact has only been delayed, not avoided.
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