Goldman: High-tech hard to revive

Goldman Sachs said the global high-tech stocks would not see revival before Q3 under the bump of profit warnings and shrinkage of expenditure.E.Helge Weiner¡ßTrapness, the president of Goldman Sachs Asia High-tech Investment Department said at Asia High-tech meeting held in India that high-tech businesses were not expected to see V shape revival.No revival would occur after the breakage of high-tech bubble, he added, and stock level of high-tech in Q1 and Q2 was expected to decrease and revival of high-tech would follow.He said the confidence of high-tech was adversely influenced amid concerns over decreasing expenditure in facilities.

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