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Industry Report Card: Global High-Technology Dec 03
Standard & Poors, Dec 2003
Abstract
Standard & Poor's Ratings Services expects that growth in technology buying experienced in the second half of 2003 is likely to extend, albeit cautiously, into 2004. Many sectors are either treading near, or starting to emerge from, the cyclical bottom. Still, the recovery is likely to be moderate in pace, as buyers remain wary of overspending. Furthermore, technology providers will continue to face an intensely competitive environment even in a recovery scenario. Over the coming year, the sustainability of recent growth in the technology industry will likely be a factor of consumer and business confidence. Still, long-term growth prospects for the technology industry remain favorable given the increasing electronic content of most products, technology's contribution to economic productivity, and the...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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