Tech Industry Still Declining

1999–2004July 30, 2001Dana BagettApple business
according to this SiliconValley.Com article. The article cites former Apple CTO Ellen Hancock now CEP of Exodus Communications which will lay off 500 more people. Many other tech firms are laying off thousands of workers and one, JDS Uniphase, will report a record $51 billion annual corporate loss. This is the economic backdrop for Apple's performance. [Dana Bagett]

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