Analysts: Tech industry is poised for a financial rebound

07/13/2010 | Wall Street Journal, The

Technology stocks are poised for a rebound given consumer demand for mobile devices such as Apple's iPad and laptops and as businesses move to upgrade systems. Gartner says global PC shipments will increase 20.3% this year, and chip-equipment makers will see a 113.2% jump in capital spending. Apple said it has sold more than 3 million iPads since the tablet's debut. "There's strong, durable, authentic momentum," said Rich Wong, a partner at venture capital firm Accel Partners.

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