IT profit warnings surge to 2001 bubble levels
During the second three months of 2006, IT businesses issued 18 warnings, the highest number announced in five years.
Among all sectors, research by KMPG found that during the second quarter, 84 profit warnings were issued, just one less than the previous three months and a 12.5 per cent decline on the same period last year.
Following software and computer services sector, media was the next worst hit sector with nine warnings followed by food producers with six and general retailers with five.
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