A stream of warnings from the technology sector is set to turn into a flood next week as companies admit that hopes for an end-of-quarter rally in sales were dashed.
Many technology companies typically book a large chunk of sales at the end of the quarter and the stakes are higher this quarter because of the slowing economy.
As a result, analysts are braced for earnings warnings from a wide range of sectors in the coming weeks, including some from companies that have already warned once during the course of the rocky first-quarter.
Already there are signs of new trouble for suppliers to the network storage sector, once considered largely immune to the broader slowdown in corporate spending.
