1. Google is buying Motorola. This will give them a huge edge in the cell phone/tablet market. It will probably hurt Apple the most. The talk is "Will Microsoft step up to the plate?" That would most likely mean they buy out Nokia who they already partner with. Ironically or not so much, Google's credit rating dropped with the purchase of Motorola. Motorola's stocks have come down in value, which is probably the cause of this, and also the reason Google has jumped in to buy them while they are down.
2. HP is throwing in the towel. The #1 consumer computer in the world, but their phones and tablets are losing big and they are even thinking of selling their low profit personal computer business and investing in the more lucrative corporate server, software, and services business. I would hate to see them go that far - Dude, I guess you get a Dell, the next most widely sold computer. HPs stocks took a dive (-20%) on the news they were selling out their market in the pc world. They were the worst performer by far on the DOW today.
3. Wallstreet is still really struggling. I have been expecting this, so I personally think it will keep falling down as bad or worse than 2008. Gold is gaining by the hour! The economy is certainly not in good shape. We are just going to keep hearing more stories like HP and Bank of America who has had stocks tank over the last couple of weeks and expects to have massive job cuts over the next two months. Europe's economy is also a big player in the DOW's performance, but the jobs and economic confidence seem to be the big players in its downward spiral.
4. CNBC did a survey on the most hated jobs in America. Of the top 10, 5 of them were technology jobs, with #1 being the Director of IT. The reasons for hating their job was working after hours, not being appreciated, working with "ignorant" people, everyone hates the IT dept, and working with old and failing equipment because they don't give you a budget to buy good equipment. As a friend pointed out on this subject, it is bitter-sweet, love-hate. Love the field of work, but it is not easy. I guess I should look for a different line of work since the statistics show I hate my job. :) [Article linked here]
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