US Economy Worries IT Vendors; 1Q Warnings Show Downturn in Sales

WatersTechnology Staff
01 Apr 2001

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NEW YORK--If last month’s tailspin in the US stock market was not enough to confirm the declining state of the US economy, continued profit warnings from some of the largest vendors of IT software and hardware certainly are. The impact of this downturn may be having a significant effect on the worldwide securities industry.

First Call/Thomson Financial has indicated that negative pre-announcements from the technology sector in the first quarter are up 112 percent from the previous quarter

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