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DLA Piper Technology Leaders Forecast Survey
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DLA Piper Technology Leaders Forecast Survey
East Palo Alto, CA (openPR) 12th October 2010
As a result of one time of economic downturn, the worst of the last century, and preceded the midst of a global economy continues to slow, people found the DLA Piper Technology Leaders Survey forecast that the industry leaders of the recovery are convinced, has continued and the project increased moderately, sales of high-tech companies in the next six to 12 months. The full survey results are published today in conjunction with DLA Pipera? S Global Leaders Technology Summit at Rosewood Sand Hill, Menlo Park, California, where speakers (Webcast) instead of counting John Chambers, chairman and CEO of Cisco, Shane Robison, chief strategy and technology management from HP and Michael Moritz of Sequoia Capital, among other prominent industry leaders in technology.
The survey, measuring attitudes and perspectives of executives within the technology industry, shows that nearly 85 percent of executives believe technology and venture capitalists that the world economy on a sustainable path of economic recovery. This is a significant increase in confidence in relation to DLA Piper commissioned survey six months ago, when to expect 69 per cent of technology leaders that the economic recovery was at hand.
â? While some economists and securities, whether the U.S. economy is a double-dip recession peak, technology leaders seem confident of a sustained recovery, â? Said Peter Astiz, Global Co-Head of DLA Piper Technology Sector Practice. â? Tech executives expect higher sales and profits in all areas, but they are not planning to invest in hiring, nor R & D. This suggests that we may be slow in a long period of investment and monitored growth.â p> ???? companies expect revenue growth of tech, but no increase in employment and R & D
respondents with a high level of confidence in their own business plans and financial forecasts for the next six to 12 months. Almost 72 percent of respondents expect business to grow sales in this period, expected more than 82 percent of companies that demand will rise. Start-ups and technology companies of medium size are more optimistic about their prospects for sales growth of technology companies have been greater.
are But in a clear presentation of the caution with which companies are currently in the current economic environment, said 43 percent of the companies they planned to maintain staffing flat. The prospects are bleak longer among the major high-tech companies. For companies with more than billion dollars annually, or nearly 60 percent expect a steady job or fall in the next six to 12 months.
Small IPO market
to permanently change model for tech start-ups
Respondents
also widely recognized that the weak IPO market will continue, despite some progress in 2010, said with nearly 72 percent of respondents said that they no longer than an IPO as an exit strategy optimal. Consequently, over 59 percent of these executives believe that the model was the traditional Venture Capital? Permanently altered? â? and expect less from two venture capital companies and fewer technology companies financed in the future.
â? This has changed a deep game development. If there is a long-term expectation that the IPO market will not recover, this means a reduction of a dramatic work? Home runs? for investors, venture capital and lower overall returns. Fewer IPOs means fewer small and medium-sized technology companies public, which were traditionally the buyer in the expenditure of the company to venture capital, â? Astiz said. â? Of course, high-tech companies will continue to invent and innovate, and investors continue to invest, but the model is changing. For business-technology start-ups, the bar is high, the capital will be harder to find and the pressure to perform is increase.â p> ???? Impact on the public sector
Tech
It was a mixed reaction to the proposed debate and vote on the tax cuts of the Bush era, which are due at the end of the year. Most executives in the survey (56 percent) responded believe that the end of the tax cuts would be the loss of investment in corporate technology startups and venture capital funds lead. However, 30 percent of executives believe the government has technology to reduce the revenue from tax increases resulting deficits improve and generate increased the overall economic confidence.
tech leaders were optimistic on public investment and involvement in the clean tech sector, with almost 84 percent of respondents tax incentives and other prefer active participation in the sector. CleanTech and cloud computing as Industrya Tech? S two growth opportunities of the promising after a ranking that appears in the survey.
â? Capital requirements and timing ROI for clean technologies are not ideal for the current model of venture capital. Infrastructure needs and financing ignficant, up to hundreds of millions of dollars, a? said Curtis L. Mo, a partner at DLA Piper. â? There is a significant funding gap exists here. This suggests that pattern of funding for clean technology companies continue to evolve, and should allow significant growth of these technologies in the United States. Obviously, venture capital plays an important role, but the forms of government options for private financing is an equally if not more play ‘critical role.â ????
detailed explanation of the results of the survey are on the YouTube channel of DLA Piper.DLA Piper Technology Leaders Forecast Survey
report is a contribution of 23 pages of the current attitudes and perspectives on major trends, challenges and opportunities of the technology industry. The survey was conducted in September 2010 and the results were released today in conjunction with the DLA Piper Global Technology Leaders Summit.
Twitter catch, updates of the event along DLATechSummit #, and follow all the coverage of the investigation and the summit is.
About DLA Piper (www.dlapiper.com)
DLA Piper has 3,500 lawyers in 30 countries and 69 offices in the United States, Great Britain, continental Europe, the Middle East and Asia. In some jurisdictions, this information can be used as attorney advertising.
Contacts
:
Peter Astiz
, Global Co-Head, the practice of the technology sector, DLA Piper, 650.833.2036
Mark Roy, Media Relations, DLA Piper, 212.776.3833, mark.roy (at) dlapiper (dot) com
Dan Cahill, Media Relations, Green Target, 415.522.3999, dcahill (at) green target (dot) net
John Corey, Media Relations, Green Target, 312.252.4102, jcorey (at) green target (dot) net
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