Ballmer: Tech industry can weather downturn
Seattle PI | at | by Mike
Although the technology industry is not immune to the troubles facing the U.S. economy, it is positioned to weather a downturn, Microsoft CEO Steve Ballmer said in a talk Thursday evening in Santa Clara, Calif.
"As I travel and talk to people in the industry, I would say given the current circumstances, people still see a certain buoyancy in the market," he said.
Ballmer added that the industry is global, shielding it in part from the crisis in the U.S. In addition, he said so far the consumer side of the market has been less hard hit than the business side.