Oil Prices Hit Tech Budgets, But Some Suffer Less
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SAN FRANCISCO/TAIPEI  - From Taiwan to Texas, the  specter of record-high oil prices has dampened expectations for  corporate technology spending, though some well-placed  companies such as low-cost computer maker Dell Inc. could be  spared, analysts said on Thursday.
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SAN FRANCISCO - It&#39;s been a tough recession for tech spending and a tough summer for tech stocks. But a Texas software outfit might give investors a reason to get back in the market.
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Oil prices ended lower on Tuesday on  signs that high energy costs are slowing the economic growth  that has fueled this year's sharp increase in world oil  consumption.
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Oil prices edged lower on Wednesday,  keeping within sight of $50 a barrel on supply worries in the  United States, where weekly data is expected to show a draw in  distillate inventories.
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Oil prices fell more than one dollar to sit just above $43 a barrel Monday as unusually mild winter weather in the United States eased fears that thin heating fuel stockpiles might prove inadequate.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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Oil&#39;s advance wavered a little on Friday as the US government prepared to lend out some strategic crude stocks, but traders said the amounts were small and that supply worries remained.
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Oil prices fell on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.
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Despite financial market volatility, U.S. technology companies had a strong 2007. The rising cost of energy, fears of recession, and forecasts of a slowdown in IT spending, however, point to a rocky 2008.
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While consumers, presidential candidates and the stock and bond markets are focused on oil prices, the oil traders themselves are more concerned about volatility.
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The price of oil has fallen as fears about interruptions to supplies being pumped out of Iraq eased slightly.
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NEW YORK - Stocks were mixed Wednesday as a lower reading on manufacturing activity and rising oil prices chilled an early spate of bargain hunting. Technology shares inched higher despite brokerage downgrades of two semiconductor companies...
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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Disappointing retail sales and oil prices that threatened to top $53 per barrel sent stocks lower Thursday as investors worried that rising energy costs could further hamper consumer spending.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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Stocks staggered to a mixed finish Wednesday as lower-than-expected manufacturing activity and rising oil prices chilled an early spate of bargain hunting, but technology shares posted a modest advance.
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NEW YORK - Oil prices reached a new high and sent stocks lower Monday, pushing the Dow Jones industrials back below 10,000. But with trading on Wall Street light and losses only moderate, investors seemed to be coming to terms with near-$50 per barrel crude...