11/11/2008 17:08. NEW YORK - Technology companies often say their products ought to remain appealing in an economic downturn because they can save businesses money by making operations more efficient. But corporate spending apparently is being cut too forcefully for that message to get through.

Cisco Systems Inc., the first of the major technology companies to report earnings that included October, said Wednesday that orders for its computer networking equipment fell abruptly in the month. That warning echoed throughout the tech sector Thursday, with one analyst calling it the "final straw" in downgrading another tech bellwether, Hewlett-Packard Co.

October might turn out to be the worst month of the quarter, especially if credit markets revive. Daily headlines about the troubled global economy, the $700... // nwitimes.com

Total: 16 news articles
First News Article: The Associated Press, 07/11/2008 06:51