Friday, 08 August 2008
Home
| Home |
| About Us |
| Latest News |
| Features |
| R-100 Index |
| Newsdesk |
| Free Email Alerts |
| - - - - - - - |
| Wireless Business Review |
| - - - - - - - |
| R-100: February freefall |
|
|
| Wednesday, 05 March 2008 | |
|
Global ICT stocks head south for the winter…
The credit crunchers have skirted around the flabby flesh of technology and telecom shares until now, but they are currently nibbling away at the underbelly. When not nibbling, they are ripping chunks out of it. At the 29 February trading close the Redux Global ICT 100 Index stood at just 1284.07, off 3% from the end of January. This takes the R-100 back to March 2007 levels and a 12-month low. EMEA stocks fell by 5.2%, 11 gainers outweighed by 29 decliners. Asia-Pac registered a loss of 0.3%, with 11 stocks in positive territory but giants such as China Mobile in retreat. In the Americas, eight companies were up, 32 were down, and the result was a 5.7% fall. This is not yet a massacre of ICT equity, but it’s close to becoming one. With the exception of a handful of telcos in China and Asia, most of those stocks in advance are systems, software and technology suppliers. In addition, mainstream equipment developers and vendors are losing less than 2% of their value while high-profile telcos and IT giants are losing anywhere between 10-20% of their value in a single month. There are patterns at work here. Can anyone work them out? Well, without help from the telcos and wireless players, we’ll be riding downstairs for the next few months. Jim Chalmers |
|
|
|
|
|
|
|
|
|
|