Eric Savitz, Blogger and Columnist, Barron's

With Recession Looming, Tech Profit Ests Look Too High

January 18, 2008 at 12:05 am PT

If we’re heading into a recession–and it sure looks like we are–then tech companies can’t possibly avoid feeling some pain. Unfortunately, the Street’s tech analysts have yet to fully bake a downturn into their estimates.

In his Technology Focus newsletter this morning, Cowen & Co.’s Arnie Berman notes that heading into fourth-quarter earnings, the consensus tech estimates seem out of sync with the notion that 2008 is going to be a more difficult environment than 2007.

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Tagged with: Barrons, earnings, Eric Savitz, Tech Trader Daily

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