2011 economic outlook looks good for technology

Written by Chris Pinter          

February 9, 2011

The world economic outlook for 2011 is starting to look better than last year as volume is increasing in many stock exchanges around the world include the New York Stock exchange (NYSE), London Stock Exchange, and Germany’s Deutsche Borse (AG).

“We see the health of corporate balance sheets. We see the return of corporate profitability. We see the global economy growing, and therefore believe it’s likely that volumes will increase when compared to the second half of 2010,” Chief Executive Duncan Niederauer said on a conference call with analysts and media. (Reporting by Jonathan Spicer; Editing by Derek Caney) [1]

“The strongest recoveries in activity were seen in the following sectors: hotels, catering & restaurants; personal services; transport, storage & communications; and financial intermediation…… David Noble, chief executive officer of the Chartered Institute of Purchasing & Supply (CIPS) also warned the government not to crack open the champagne just yet, “as the underlying trend is still subdued and we are still some way off from the growth rates of activity and new business we saw last spring. It is becoming apparent that the sector still has some challenges ahead.” [2]

“ The Federal Ministry of Economics and Technology announced that German GDP, fresh from a record rise of 3.6 percent in 2010, would continue its climb, adding an average 2.3 percent growth by year’s end. The report, called “Germany in Recovery — Securing Prosperity for Tomorrow,” also anticipates an expanded workforce and lower unemployment. Federal Minister of Economics and Technology Rainer Brüderle commented on the 2011   outlook with a retrospective look at the roar back from crisis of 2010. “Germany’s economy recorded the comeback of the year in 2010,” he said. “With record growth of 3.6 percent, the economy catapulted us out of the business basement. Twenty-eleven, as well, will be a good year.” [3]

Yes the economy is improving,…even in China the China Analyst has sighted the top 10 companies that are rebounding in 2011, as of January 16, 2011. These include telecommunication equipment providers, satellite communications, and component manufactures. [4]

Acme Packet, Inc. (NASDAQ:APKT)
RiT Technologies Ltd. (NASDAQ:RITT)
Powerwave Technologies, Inc. (NASDAQ:PWAV)
Finisar Corporation (NASDAQ:FNSR)
Riverbed Technology, Inc. (NASDAQ:RVBD)
AudioCodes Ltd. (NASDAQ:AUDC)
Technical Communications Corporation
Loral Space & Communications Ltd. (NASDAQ:LORL)
Westell Technologies Inc. (NASDAQ:WSTL)


[1] http://www.ibtimes.com/articles/110201/20110208/nyse-euronext-sees-trading-economic-rebound-in-2011.htm

[2] http://www.londonstockexchange.com/exchange/news/sharecast/news-detail.html?newsId=4022784

[3] http://www.dublin.diplo.de/__Zentrale_20Komponenten/Ganze__Seiten/en/Wirtschaft/Wirtschaft__Aufschwung__en.html?site=236889

[4] http://www.cnanalyst.com/2011/01/top-10-rebounding-telecom-equipment-stocks-rdcm-apkt-ritt-pwav-fnsr-rvbd-audc-tcco-lorl-wstl-jan-16-.html

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