If you need more signs that the economic rebound is happening, just check out the earning reports from the usual tech biggies in recent days. Apple, Intel and now Microsoft have declared record numbers for the third quarter of 2009. Unfortunately, it appears that the 35% increase was not as big a jump as investors have expected, and shares of Microsoft have in fact dropped.
New York Times - Sometimes breaking a sales record isn’t good enough. Just ask Microsoft. In the span of a couple of weeks, analysts and investors following the technology industry have had their expectations swell for a powerful recovery. Sales at giants like Intel, Apple and EMC have surged past prerecession levels to hit new highs. Both consumers and corporations have increased their technology spending, and there is talk once again of hiring in Silicon Valley.
For the full read, click here.