Tech sector slips into surprising slump
Friday, August 23, 2013 - 14:00
in Mathematics & Economics
In a surprising turn, the tech industry is in a slump even as the U.S. economy picks up steam. The announcement last week that Silicon Valley giant Cisco Systems, which sells networking and telecommunications equipment, plans to cut 4,000 jobs is the latest sign of a slowdown that has sucker-punched high-tech firms.