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The Nasdaq lost 6.17percentt as investors sold off shares of software and telecommunications concerns.
But capital spending by companies on equipment like computers, software and telecommunications technology plummeted.
Rubicon uses water control gates, measurement systems, software and telecommunications to increase water efficiency and to raise crop yields.
Mr. Woolf was formerly president for the Americas at Intel Dialogic, a software and telecommunications services company.
Its manufactures include bourbon whiskey, printed products, construction and mining equipment, computer software, and telecommunications and electronic equipment.
Providers of software and telecommunications services have been hit in the last year as businesses reined in budgets amid slowing economies.
Similar(36)
The slide cut across most sectors, including computer hardware and software, Internet and telecommunications companies.
The Nasdaq composite index lost 6.17percentt as investors dumped shares of software companies and telecommunications concerns.
Originally, the membership was supposed to include the entire spectrum of software, hardware and telecommunications firms along with Internet companies.
No area of this spending grew more rapidly than the outlay for computers, software, semiconductors and telecommunications equipment.
COMPUTER makers, software designers and telecommunications companies are scrambling to incorporate wireless capabilities into their business strategies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com