Current Recession Offers Redemption to Tech Industry

Information and communications technology companies, whose bust dragged down the world economy in 2001-2002, are much less of a problem and much more of the solution in the current recession, a report by the Organization for Economic Cooperation and Development suggests.

The ICT industry — which includes anything from manufacturers (think Intel Corp.) (INTC) to software firms (Microsoft Corp.) (MSFT) to Internet companies (Google Inc.) (GOOG) — took a hit from slumping global demand, but it is showing signs of a rebound, the OECD found.

Read the rest of this post on the original site