In a twist on the famous quote by Antony in Shakespeare's Julius Caesar, I come to praise tech, not to bury it.
There's been a lot of talk lately about how big tech companies are doing so poorly even though the economy is improving. And while it's true that shares of Oracle (ORCL) and IBM (IBM) have lagged the market this year, Cisco (CSCO) is laying off 4,000 workers due to uncertainty about tech spending and Hewlett-Packard (HPQ) is still trying to find a way to diversify beyond the decay that is the PC market, this notion that tech is in a slump is sheer lunacy.
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