A Bad Quarter Ends Today (But Will It Be a Happier New Year for Tech?)
Today, most companies in the tech and Internet sector will close the books on what is likely to be a very disappointing fourth quarter and also close out what has turned out to be a mucho depressing year, which got hammered starting in the third.
While financial results will not out for some weeks-Yahoo will report on January 27, for example-one does not have to be a psychic to know what’s coming: A lot of weakness, with hopes for better days ahead.
While those results are probably already pre-figured into tech’s weak stocks, the news will surely not be mitigated by the expected euphoria around the inauguration of President-Elect Barack Obama in the same time frame.
After all, while he is at least a little bit tech-savvy and seems committed to acting like the federal government cares a lot more about one of the most important sectors of our economy, there is no magic wand either he or his alleged CTO for America can wave to make it all better right away.
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