Tech Recovery for 2009

The economy has been down for quite sometime and computer heavyweights like Intel have closed offshore shops this year in various places worldwide.

It seems that the industry is seeing some positive signs and are predicting a strong finish in 2009. The demand for microprocessors have increased and Intel has changed it’s third quarter forecasft from $ 8.1 billion dollars to $ 9.2 billion dollars. Other heavyweights like HP and Dell has also increased they forecast saying that third quarter would have a spurt in computer sales. I am not sure if Windows 7 has anything to do with this but it is definitely nice to know that these companies would not cut jobs going into the holiday season.

Dell has reported last week they experienced 23 percent drop in profits for the second quarter but this is still better than the analysts estimates. Michael Dell, CEO of Dell is confident that the second half of this year would be stronger than the first half. HP on the other hand has the same fate as that of Dell where their profits have dropped 19 percent for the first half but they feel they can get back to the game in the second half.

The economic stimulus package in China is expected to boost the PC industry and could be the spark to the economic recovery in the U.S.

I think this should be an exciting finish for the tech industry and these hardware vendors are making up for the lost profit in the first half, Microsoft is redeeming themselves via Windows 7, and both the software and hardware companies are relying in each other to boost their respective sales.

Image from Dell.