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Tech Sector Liquidity Remains Strong Despite Currency Crisis

Posted on October 13, 2008

In the midst of the credit crisis plaguing many U.S. industries, cash balances in the technology sector remain at record levels and continue to provide ample liquidity for the sector, said Fitch Ratings in a special report this week.While Fitch expects profitability levels within sectors such as electronic manufacturing services and IT distributors will continue being adversely affected by an economic downturn, these historically have been offset by meaningful cash generation from working capital....

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currency , tech