Tech deals slow down

The economy has been sinking to unthinkable lows, and the tech sector has hardly been immune. Dealing-making, new initial public offerings and other financial transactions have slowed dramatically as the recession has gotten worse, according to Business Week.

The magazine reports that an analysis of tech financial activity by the Boston investment bank, America's Growth Capital, found that the top 11 technology giants including IBM and Microsoft have only announced eight deals this year compared to 16 at the same time in 2008.

In addition, only six of about 400 global technology transactions had values of $100 million or greater.

For more tech sector financials:
- check out this Business Week article 

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