Cisco Systems CEO John Chambers was one of the first tech executives to predict that the recession–then limited to the financial sector–would spread to the rest of the economy. Now he’s among the first to say it’s on the way back.
Google Inc. Friday announced a highly anticipated service that will make it a middleman for selling graphical ads over the Internet.
The technology, called the DoubleClick Ad Exchange, resembles a stock exchange for display ads, ads with images and text that appear alongside content on a Web page.
Five months ago, a group of media executives including Steven Brill seemed to have the field to itself when it said it was building a system for newspapers to charge readers for access online.
At a time when most newspapers are hungry for any ads they can sell, Newsday has turned away a steady, lucrative customer that is also a direct competitor of the paper’s parent company, Cablevision.
Consumers are helping pull the technology sector out of one of its worst-ever slumps, and optimism is building that businesses may also start switching on their spending soon.
That upbeat picture emerged as some bellwether technology suppliers issued numbers that were stronger than Wall Street expected, though still reflecting the recession’s harsh effects.
During the last U.S. recession in 2001, the newly unemployed often gathered to trade horror stories and job-seeking tips at groups like the Five O’Clock Club. During this recession, of course, the newly unemployed swap stories online, particularly on social networks.
Last September, Henry Blodget asked me and several other VCs on a panel–titled “Dot Bomb 2.0″–how many of the estimated 300 to 400 ad networks were “toast.”
Intuit CEO Brad Smith has a pretty stark view on the prospects for a near-term turn in the economy: he doesn’t think a recovery is likely the before the end of the company’s July 2010 fiscal year.
You might think that starting a brand-new, high-quality, full-glossy magazine in one of the worst publishing environments in years would be a suicidal business idea.
Maybe it’s all the sunshine in Silicon Valley, but tech executives are feeling pretty good about the future–at least their part of it.
Eighty percent of tech companies said that business conditions will be better a year from now, according to a survey of senior executives at 130 tech companies by consulting firm KPMG.
Well, apparently Americans are still going on vacation.
Priceline this morning posted Q2 revenue of $603.7 million, well ahead of the Street consensus of $575.1 million, with pro forma profits of $2.02 a share.
Comcast shares are on the rise this morning after the U.S.’s largest cable operator beat expectations for EPS on in-line revenue for its Q2. The company managed to beat analysts’ free cash flow projections as capital expenditures continued to decline despite the rollout of several interesting initiatives including wireless services and online video streaming.
The economy hasn’t spared many sectors of the economy. But if you have to be in business these days, software isn’t a bad choice.
The typical publicly traded software company is still growing, despite the worst recession in most people’s memory, according to investment bank Software Equity Group.
It’s a terrible day to be some big tech company, folks. Following disappointing quarterly reports by Microsoft and Amazon.com that sent their shares down eight percent this evening, Juniper Networks, a $14 billion (market cap) competitor to Cisco Systems this evening reported sales and profit for its Q2 that beat estimates, and a better-than-expected forecast, but it wasn’t enough for the stock.
The Huffington Post has launched a new monthly feature it’s calling the “Real Misery Index,” which it says offers a more accurate snapshot of the economic struggles Americans face today than the original one.
Developed in the 1970s by Arthur Okun, a Yale and Brookings Institution economist, the Misery Index is calculated by adding the unemployment rate and inflation rate.
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