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SAAS Steps in as Financial Crisis Collaboration Option
By Clint Boulton

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Forrester and Gartner analysts predict SAAS and Web-based messaging and collaboration tools from Cisco, Microsoft and IBM may get ringing endorsements from businesses looking to slash travel expenses via Web conferencing and phone bills via VOIP and enterprise instant messaging.

For weeks, some of us have been watching the financial markets swoon, wondering when the bank trouble would extend to the high-tech sector.
On Sept. 29, which some pundits are already calling Black Monday, we got our answer. Within a few hours of trading, Internet bellwether Google's stock plummeted 8 percent and ended the day down 11.6 percent to $381. That's $50 per share down the toilet.

Apple, whose iPhone has been the most successful consumer device since Apple launched the iPod, fell to $100 in midday trading and closed down 17.9 percent, or $22.98, at $105.26. Microsoft lost $24 billion in market capitalization.

The House of Representatives hardly helped alleviate the stress, voting down an aid package yesterday. Welcome to the bear market. 

Read the rest of this article on eWEEK.com.

 




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