Reinforcing reports by I.B.M. and others that most of the information technology services sector is faring well in the economic slowdown, Electronic Data Systems said yesterday that it had earned 62 cents a share in the quarter ended June 30, up 17percentt from the 53 cents reported in the period last year.
However, one related group that is often overlooked is the information technology services sector.
Hewlett-Packard has instructed merger and acquisition advisors to scout for takeover targets in the European information technology services sector, the Financial Times Deutschland reported.
But some encouraging numbers suggest that information technology services are one sector that may provide investors with safety.
BLOOMBERG BUSINESSWEEK Private Equity Remains Activeve in Health Care I.T. | Some firms are betting on companies that provide information technology services to the health care sector, with several deals closing since the Supreme Court upheld the president's health care overhaul in June, The Wall Street Journal reports.
India wants China to open up more of its sectors, especially information technology, services and pharmaceuticals.And then there is public animosity towards China, mainly over a long, disputed border.
To take advantage of compelling valuations and good prospects for growth in technology, buy the exchange-traded Technology Select Sector SPDR, an ETF that tracks the tech sector, including Internet, information technology services, software, computers, peripherals, electronics, semiconductor equipment and telecommunications.
Schlumberger Sema, the result of its April acquisition of Sema, provides information technology services for telecommunications, utility, finance, transport and public sectors.
SunGard Data Systems, which specializes in software and information technology services for financial services companies, schools and the public sector, did the same in 2005.
This paper estimates the growth contributions of telecom services by public and private sectors and distinguishes it from the information technology services.
He still thinks some technology sectors are good buys, particularily Internet infrastructure, information technology services, telecom equipment, networking and small-cap software stocks.
