Tech Companies Vulnerable to Wall Street Woes
Until this week, most technology companies seemed to be weathering the meltdown on Wall Street. But Monday’s sharp selloff on tech shares–which pushed the Nasdaq to its lowest level in more than three years–shows that the ripple effects of the crisis in the financial sector and the near-collapse of the credit markets are being felt. Even Silicon Valley A-list players such as Apple Inc. and Google Inc. were tossed about like small row boats in the wake of a giant oil tanker.
