Tech Stocks Take Hit

[engine]

Tech Stocks [bbc.co.uk]Take Hit

On Monday last week I wrote here that the technology party might be over, and that the gloom pervading the financial sector could begin to affect high-tech firms. Since then - gosh, it seems a long time ago - a few things have happened.
Banks have tottered, an entire country has gone to the brink of bankruptcy, the London Stock Exchange has suffered its biggest one day fall for more than two decades, and the UK government has unveiled a £50bn rescue plan for the banks. As Torrid Tuesday has followed Manic Monday, the BBC's crack alliteration team has been under enormous pressure.

And, almost unnoticed, technology companies have been sucked into this vortex of gloom.

[RonPK]

Stocks rise and fall, and will rise again. Personally I'm more concerned about my Icelandic savings :(

[rj87uk]

RonPK - I just heard on the news that private savers will be covered however local authorities might not be.

[RonPK]

Yeah, in the UK. But I'm in .nl. I guess I will have to wait until the IMF jumps in to save Iceland.

In the old days the Vikings came by ship to take our money. Nowadays they build websites and we bring it to them...

[Monkey]

Change the financial rules otherwise we are all going to plunge deeper into a recession. Tell me why the "rich" are not taxed? How can a 1.2 million financial bonus not be taxed? .....and how come they are not responsible when there are losses. How come we have to bail out the debts of the banks and that those who have created the losses walk away "scott free". grrr

Make those who started the toxic subprime pay for it

[edited by: Monkey at 8:48 pm (utc) on Oct. 10, 2008]