Tech Industry

Long-term hopes for short-term money

Even a high-tech company with solid financial performance can be punished hard by a stock market that demands growth, growth, and more growth.

The high-tech industry has been making money for Wall Street for more than 20 years and matured into one of the cornerstones of the national economy. But it's still judged by the harsh criteria of a newborn industry where growth is what counts and nothing else. "Make us money now or face our wrath" is the clear message from high-tech stock traders, who are more than capable of pounding a company for posting what would seem perfectly respectable results in any other industry.

This NEWS.COM special report examines why the high-tech stock market is more volatile dollar for dollar than other industries of comparable importance.

The oddsmaker's art: Analysts explain high-tech stocks
Stacking the cards: Earnings estimates
Know when to hold: Brokerage jargon