Health of US Tech Sector at Highest Level in Five Years on Global Demand
The
Forrester/ITAA Tech Sector Index — which measures the health of the US
technology industry — reached its highest level in five and a half years
in Q4 2006, rising two points to 128.8, according
to Forrester Research, Inc. and the Information Technology Association of
America (ITAA).
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Private-equity
funds continued to increase their dominant position on both ends of the
domestic markets; they accounted for roughly one-fourth of M&A
activity and sponsored more than 40% of all IPOs, with the time between
purchase and sale often shrinking to mere months, reports Dealmaker
magazine.
Existing-home sales rose
a strong 3.9% to annual rate1 of 6.69 million units in February following a healthy gain in January, reaching the highest level since last April,