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Excuses and More Excuses for Lower Tech Earnings
The earnings season hasn’t yet begun for technology companies but a consensus is forming: It isn’t going to be pretty. Let’s review the three big reasons being cited for tech’s low expectations.   Excuse No. 1: Nobody “Flushed.”   What a disgusting analogy! As you’ll remember our elected representatives in Washington celebrated the festive holiday season by threatening to toss the US off a fiscal cliff. That is they couldn’t reach agreement on how to tax or spend even though their failure to act could crash the economy. This made business managers particularly IT managers so nervous that they ...
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