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Industry Report Card: Global High Technology Ratings Trend Turns Negative On Consolidation In Telecom Equipment, Software Jul 06 Product Image

Industry Report Card: Global High Technology Ratings Trend Turns Negative On Consolidation In Telecom Equipment, Software Jul 06

  • Published: July 2006
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • 3M Co.
  • Avnet Inc.
  • Convergys Corp.
  • Intcomex Inc.
  • Oracle America Inc.
  • SK Hynix Inc.
  • MORE

Abstract
Despite a relatively stable operating environment, credit trends have shifted from slightly positive, during 2005 to clearly negative for the year to date. This negative trend will likely continue during the balance of the year, given the current outlook distribution, which includes 14 credits on CreditWatch with negative implications, compared with only two on CreditWatch with positive implications. Much of the rating activity reflects discretionary decisions regarding acquisitions, share repurchases and dividend recaps. Standard & Poor's Ratings Services continues to expect growth in IT spending in 2006 to be moderate overall, with growth estimated in the mid-single digits, similar to 2005 levels. Technology shifts, like the early transition from circuit based telephony to voice over Internet protocol (VoIP) and from...

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, READ MORE >

- IKON Office Solutions Inc.
- Arrow Electronics Inc.
- Automatic Data Processing Inc.
- Avnet Inc.
- Canon Inc.
- Computer Sciences Corp.
- Ceridian LLC
- PerkinElmer Inc.
- Harris Corp.
- Hitachi Ltd.
- Intel Corp.
- International Business Machines Corp.
- Kulicke & Soffa Industries Inc.
- Panasonic Corp.
- 3M Co.
- Motorola Solutions Inc.
- NCR Corp.
- Nortel Networks Ltd.
- Agilysys Inc.
- Pitney Bowes Inc.
- Ricoh Co. Ltd.
- Sony Corp.
- TDK Corp.
- Tektronix Inc.
- Texas Instruments Inc.
- Thermo Fisher Scientific Inc.
- Vishay Intertechnology Inc.
- Xerox Corp.
- Hewlett-Packard Co.
- Micron Technology Inc.
- Victor Co. of Japan Ltd. (JVC Corp.)
- International Rectifier Corp.
- Electronic Data Systems Corp.
- Ericsson (Telefonaktiebolaget L.M.)
- Mitsubishi Electric Corp.
- Unisys Corp.
- CA Technologies
- Advanced Micro Devices Inc.
- Oracle America Inc.
- Amphenol Corp.
- Nokia Corp.
- Koninklijke Philips N.V.
- Toshiba Corp.
- Corning Inc.
- Fujitsu Ltd.
- Omron Corp.
- SunGard Data Systems Inc.
- Sharp Corp.
- Pioneer Corp.
- NEC Corp.
- Dell Inc.
- Alcatel-Lucent
- EMC Corp.
- Quantum Corp.
- Solectron Corp.
- Bull (Groupe)
- Samsung Electronics Co. Ltd.
- First Data Corp.
- Per-Se Technologies Inc.
- Equifax Inc.
- Lam Research Corp.
- Cap Gemini S.A.
- Applied Materials Inc.
- Oracle Corp.
- LSI Corp.
- Cypress Semiconductor Corp.
- Cisco Systems Inc.
- Protection One Alarm Monitoring Inc.
- Danka Business Systems PLC
- Xerox Business Services LLC
- Sanmina Corp.
- Alcatel-Lucent USA Inc.
- Xilinx Inc. (Unsolicited Ratings)
- Anixter International Inc.
- Datatel Inc.
- The Reynolds & Reynolds Co.
- Cirrus Logic Inc.
- Adaptec Inc.
- Fairchild Semiconductor International Inc.
- Oki Electric Industry Co. Ltd.
- Flextronics International Ltd.
- Photronics Inc.
- Viasystems Group Inc.
- SK Hynix Inc.
- LG Electronics Inc.
- Leidos, Inc.
- Tech Data Corp.
- Sanyo Electric Co. Ltd.
- Intermec Inc.
- Activant Solutions Inc.
- Brightpoint Inc.
- Acxiom Corp.
- IPC Systems Inc.
- STMicroelectronics N.V.
- Ingram Micro Inc.
- ASM International N.V.
- Celestica Inc.
- Convergys Corp.
- Fuji Xerox Co. Ltd.
- Global Imaging Systems Inc.
- Comverse Technology Inc.
- Amkor Technology Inc.
- ON Semiconductor Corp.
- Benchmark Electronics Inc.
- Conexant Systems Inc.
- ASAT Holdings Ltd.
- CommScope Inc.
- Jabil Circuit Inc.
- Agilent Technologies Inc.
- Mitchell International Inc.
- Vestel Elektronik Sanayi Ve Ticaret A.S.
- EPCOS AG
- Juniper Networks Inc.
- Avaya Inc.
- Nvidia Corp. (Unsolicited Ratings)
- AMI Semiconductor Inc.
- Agere Systems Inc.
- Ciena Corp.
- Belden Inc.
- GlobalFoundries Singapore Pte. Ltd.
- TNS Inc.
- Amdocs Ltd.
- Monitronics International Inc.
- Hon Hai Precision Industry Co. Ltd.
- United Microelectronics Corp.
- Syniverse Technologies Inc.
- Ritek Corp.
- Siliconware Precision Industries Co. Ltd.
- Compal Electronics Inc.
- CMC Magnetics Corp. (Unsolicited Ratings)
- Seagate Technology PLC
- BearingPoint Inc.
- GXS Worldwide Inc.
- SanDisk Corp.
- Fiserv Inc.
- Stratus Technologies Inc.
- General Cable Corp.
- Superior Essex Inc.
- Global Cash Access Inc.
- CACI International Inc.
- UGS Corp.
- Andrew Corp.
- VeriFone Inc.
- Freescale Semiconductor Inc.
- Red Hat Inc.
- Alion Science and Technology Corp.
- SSA Global Technologies Inc.
- Securus Technologies Inc.
- Telcordia Technologies Inc.
- Coleman Cable Inc.
- STATS ChipPAC Ltd.
- Integrated Alarm Services Group Inc.
- TRM Corporation
- Apptis (DE) Inc.
- MagnaChip Semiconductor Corp.
- SITEL Worldwide Corp.
- Wyle Services Corp.
- SI International Inc.
- Corel Corp.
- Fidelity National Information Services Inc.
- SMART Worldwide Holdings Inc.
- Infor Global Solutions Holdings Ltd.
- Intcomex Inc.
- Damovo Group S.A.
- Global Tel*Link Corp.
- Sonitrol Corp.
- Cardtronics Inc.
- Aspect Software Inc.
- Open Solutions Inc.
- SS&C Technologies Inc.
- Avago Technologies Finance Pte. Ltd.
- Blackboard Inc.
- Clayton Holdings Inc.
- Spansion Inc.
- Serena Software Inc.
- Extensity S.a.r.l.
- Hutchinson Technology Inc. (Unsolicited Ratings)
- Pegasus Solutions Inc.
- Nuance Communications Inc.
- Epicor Software Corp.(OLD)
- Solera Holdings Inc.
- iPayment Inc.
- Billing Services Group Ltd.
- SOURCECORP Inc.
- Attachmate Corp.
- X-Rite Inc.
- JDA Software Group Inc.
- RedPrairie Corp.
- Accenture PLC
- Lexmark International Inc.
- Technicolor S.A.
- Getronics N.V.

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