Clearly, the Street is not crazy about Hewlett-Packard’s (HPQ) plan to acquired Electronic Data Systems (EDS). In two days, the Street has knocked about 10% off HP’s stock price, chopping its market cap by about $12.5 billion, almost equal to the $13.9 billion deal price. The obvious question is, why?
Investors lined up two hours before the Apple shareholder meeting began here in Cupertino, Calif. It’s a little unusual for them to be here so early, and I thought it might be related to the company’s 40% plunge since the beginning of the year. Instead, I found that euphoria had given way to cautious optimism, but optimism nonetheless, that Apple would continue to rely on innovation to recapture its stock market magic.
If you think that the tech sector is a haven from the tribulations in the debt market, I have some troubling news for you.
Essentially, there are three ways that the debt crisis could directly bite the tech sector.
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