IT recovery
Factories are cranking up production again as retailers restock bare shelves and electronics makers resume buying components after drawing down inventories.
So, is the recovery in sight a reality or is it just a mirage.
Pick up in consumer demand
Asian stocks have risen 45 percent since early March, excluding Japan, as investors anticipate renewed consumer interest in everything from flat-screen televisions to smartphones and portable netbook computers. Given the economic weakness, however, there are no guarantees.
"If the inventory channel is full and there is no final demand, I think the second half will be quite ugly for Asia," said Markus Rosgen, Citigroup`s Asia-Pacific strategist, ahead of the Reuters Global Technology Summit next week.
Paul Otellini, chief executive of the world`s biggest chipmaker, Intel, said this week that orders and billing patterns this quarter so far had been slightly better than expected, cheering investors sector-wide.
And Leo Apotheker, co-chief executive of business software maker SAP, said the next few months may bring "glimmers of hope" for the global economy. "We`re probably starting to see a stabilization," he said...
Source:
http://infotech.indiatimes.com/quickiearticleshow/4584679.cms
