...The rating outlooks for a majority of U.S. information technology (IT) sectors are negative for 2009, based on expectations th at a reduction in global IT spending will weaken operating and credit profiles, according to Fitch. Weak market demand drives Fitch s outlook for 2009 as capital investments decline and consumer spending will be pressured significan tly. The financial serv ices vertical, which is the worldwide leader in terms of IT spending, is expected to experience the most severe reduction in spending, with the hardware sector being most affected. IT services/software is the only segment that currently has a stable outlook. Fitch expects the semiconductor industry will experience a high single-digit decline, with personal computer (PC) and mobile handset units down in the mid-single digits for 2009. As a result, the worldwide technology industry overall could experience a decline of approximately 3% -4%, with many companies achieving substantially worse revenue...
|
| Report Type: | Special Report
|
| Company(ies): | First Data Corporation, Sun Microsystems, Inc., Oracle Corporation, Corning Inc., Broadridge Financial Solutions, Inc., Microsoft Corporation, MoneyGram Payment Systems Worldwide, Inc., Texas Instruments Incorporated, Ingram Micro, Inc., Agilent Technologies, Inc., Hewlett-Packard Company, Flextronics International, Ltd., Convergys Corporation, CA, Inc., Moneygram International Inc, Block Financial LLC, SunGard Data Systems Inc., Computer Sciences Corporation, Eastman Kodak Company, Sanmina-SCI Corporation
|
| Ticker(s): | WU , IBM , HRB , EK , AVT , CA , XRX , KLAC , SANM , ARW , MGI , ORCL , ACS , UIS , CVG , MSFT , IM , TEL , FLEX , TXN
|
| Issuer: | Western Union Company (The)
|
| Free Sample: |
Click Here to Download
|
| Format: | | PDF |  |
|
