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Tech Down, Down, Down

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Sep 16, 2008 

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Kathleen  |

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Tech Down, Down, Down

ADOTAS – As the fire on Wall Street rages on, some wonder how all of this is going to affect the online world.

Industry observers predict that M&A activity will be stymied, IPOs will be shelved and that venture capital will dry up as investors seek safe havens from risk.

And tech stocks are certainly hitting the skids (Dell plummeted about 10% in morning trading alone, and over the past 30 days, Apple is down 19.3%, Oracle is down 7.5%, Yahoo is down 16.5% and Google is down 17%.

But it’s still too early to tell how overall malaise in the tech world will affect online advertising.

Tags: Apple, Dell, finance, Google, internet-advertising-news, revenue, tech-stocks and Yahoo

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