Caution in order over outlook for technology firms

TECHNOLOGY firms are supposed to prop up US earnings growth this year, helping the stock market move higher.

Caution in order over outlook for technology firms
Mon, 22 Jan, 2007 - 00:00
David Wilson

Recent events suggest otherwise.

Intel made a profitability forecast that failed to meet analysts’ projections, triggering the biggest one-day drop in shares of the world’s largest computer chipmaker since July.

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CourtsPlace: USPlace: Santa Clara, CaliforniaPlace: Cupertino, CaliforniaPlace: San Jose,Person: Tim LongPerson: Inder SinghPerson: Tal LianiPerson: David WilsonOrganisation: AppleOrganisation: Cisco SystemsOrganisation: Banc of America SecuritiesOrganisation: Merrill Lynch & Co.Organisation: Prudential Equity Group LLCOrganisation: Thomson FinancialOrganisation: MicrosoftOrganisation: Advanced Micro Devices IncOrganisation: CiscoOrganisation: Banc of AmericaOrganisation: PrudentialOrganisation: BloombergOrganisation: IntelOrganisation: Bloomberg News
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