Dow Jones Industrial Average

Richard Waters Tech’s painful Dow hangover

June 1, 2009 5:12 pm by Richard Waters

If past experience is anything to go by, it may be time to short Cisco Systems.

Being admitted to the Dow Jones Industrial Average is the ultimate mark of corporate respectability – and it has added 5 per cent to Cisco’s shares today – but the history of techs in the Dow has not been a cheerful one.

For many years the brain trust at the DJIA turned a cold shoulder to tech. Only IBM was admitted to the club – and even Big Blue only made it through the door after it had been around for close to 70 years. Read more

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techfile 11.3.09

March 11, 2009 6:00 am by morning call
  • They’re still just rumours, but they’ve gotten stronger. A day after leaks from Taiwan suggested Apple might be preparing a touch-screen netbook, sources told Dow Jones Newswire that the new computers, which will be designed primarily for web browsing and mobile computing, will have touch-screens between 9.7 and 10-inches.
  • Google’s Gmail has suffered another outage, which it said had affected only a “subset of users”, but comes only two weeks after a major global crash of the service. Gmail’s increasing popularity was highlighted in a Hitwise blog post and charts that showed it overtaking YouTube.

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Posted in Techfile |