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Tech’s best shot for growth is abroad; Paying your doc with plastic; The ‘It Bag’ indicator

Tech’s best shot for growth is abroad

Rattled technology investors could face more trouble ahead, said Olga Kharif in BusinessWeek. Forecasts indicate that spending on technology will grow only 3 percent to 4 percent this year, about half of the 2007 increase. Fortunately, “spending abroad remains relatively healthy,” and companies with exposure outside U.S. borders will likely hold up better than those that do most of their business at home. “IBM is among the most diversified abroad, with just 39 percent of its revenues coming from inside the country.” Hewlett-Packard, Oracle, and Sun Microsystems have significant foreign exposure, for instance, while AT&T and Yahoo! derive most of their revenues at home. “Of course, geography isn’t necessarily destiny.” Google and Apple both do a lot of business in the States but are, nevertheless, expected to see sales grow this year.

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