Wall Street isn't expecting much from most tech stocks as second-quarter earnings continue to roll in, with the exception of Google and Yahoo. Analysts are betting both companies beat the Street's
expectations--while Dell, Apple, and IBM are expected to disappoint in the wake of high oil prices, product delays, and an overall economic slowdown. Marquee Web companies can still expect 25 to 30
percent annual growth in online advertising. "It's pretty difficult to see this kind of growth in another industry," a UBS Securities analyst told
Business Week. Today, Yahoo is expected to
report that sales jumped 30 percent year over year in the last three months. Later this week, Google is likely to say that revenues surged ahead by 84 percent.
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