technology spending

Chipmaker Advanced Micro Devices is among the most recent casualties of the slowdown in technology spending. On Dec. 4 the chipmaker drastically cut its sales outlook, saying fourth-quarter revenue will drop about 25 percent from the third quarter's $1.59 billion.

Dell Inc. plans to keep investing in Asia even as its sales growth in China slows, the computer maker's regional president said Friday.

"We will continue to invest" in Asia, said Steve Felice, president of Dell Asia Pacific and Japan, adding that Dell would likely expand its research and development and call center facilities in the region, but currently has no plans to expand manufacturing capacity.

"We're going to have to see how the world grows. That will determine where we put resources," he said in a conference call with reporters.

Cisco Systems warned that a sharp drop in sales could push quarterly revenue down by as much as 10 percent.

The computer networking giant, the first major technology company to report earnings that include October, when the credit crisis spread beyond financial companies, said Wednesday that its sales had fallen 9 percent from the same month a year earlier.

Cisco expects sales for its current quarter to drop 5 percent to 10 percent from the $9.8 billion reported in the same period a year ago.