A raft of computer and software vendor financial results this week, including reports from IBM, Intel, Apple and Microsoft, revealed some record quarterly results and a healthy market for business technology, though clouds remain for segments of the consumer arena.
Economic worries, including concerns about unemployment, the housing market and European debt crisis battered tech stocks along with the rest of the market over the past few months, sending shares of IT companies below their levels at the start of the year. As evidence of strong second-quarter IT sales, especially in the enterprise arena, trickled in over the past few weeks, tech company shares have risen.
