Microsoft is among the tech industry’s biggest players struggling to navigate the changes in the way businesses and consumers are buying and using technology. In its disappointing summer earnings report Microsoft took an ugly $900-million write-down because of poor sales of its Surface tablet, above. (Timothy A. Clary, AFP/Getty Images / October 25, 2012)
On August 19, 2013, Chris O’Brian writes in the Los Angeles Times:
In a surprising turn, the tech industry is in a slump even as the U.S. economy picks up steam.
The announcement Thursday that Silicon Valley giant Cisco Systems, which sells networking and telecommunications equipment, plans to cut 4,000 jobs is the latest sign of a slowdown that has sucker-punched high-tech firms.
After a remarkable six-year boom set off by the introduction of the first iPhone in 2007, tech companies of all shapes and sizes are finding growth slowing, and even contracting in some cases.
http://www.latimes.com/business/la-fi-tech-slump-20130819,0,871392.story