A settled structure for the TMT sector remains a mirage in 2006/2007

摘要

Purpose - This article is the eighth in a series that seeks to analyize the constantly changing structure of the TMT sector. It aims to cover the period 25 March 2006 to 24 March 2007. Design/methodology/approach - The article is designed so as to contain at its core the creation of a series of databases in tabular form that can be used to analyze structural trends over a period of many years. Findings - The article finds that, prior to March 2002, the TMT sector spent two years in the doldrums, and the overall trend continued to be broadly negative during the ensuing year, partly driven by the implosions at the likes of WorldCom. The following two years saw companies coming to terms with a radically different environment. The year commencing March 2005 witnessed a sharp upsurge in restructuring activity somewhat reminiscent of the late 1990s and this continued unabated throughout 2006 and the first half of 2007. Originality/value - Empirical research based upon current data is very scarce in the public domain. This series of articles makes a major contribution to the analysis of how and why the structure of the TMT sector is evolving.