Despite the increase of the spending to purchase very expensive computers following tight budgets in the last years, still fears of tech companies about the economic instability are not removed.

The outstanding financial performance of Intel in the Q2 of the year has revived the hopes of tech companies that future carries good news to them.

On their part financial analysts see that the spending will remain cautious in the rest days of the year and that companies are only upgrading their technologies to increase productivity without expecting a sudden increase in the international demand.

It’s to be noted here that Intel has achieved the best financial performance in the Q2 during the last 42 years. This historic performance coincided with the preparations for the return to school and the holiday shopping.

Doug Freedman, an analyst for Gleacher & Co says that the increase of spending in the tech companies is a matter of surprise for many people.

It’s worth mentioning here that two other companies already say they are benefiting. Applied Materials Inc. said it expects to bring in more money from semiconductor equipment, and ASML Holding NV, a Dutch company that also makes chip equipment, said it expected record revenue this year.

However despite the outstanding financial performance of Intel and other companies this year, the austerity being adopted by many countries in Europe and the slowdown of demand in China are expected to make the economic recovery vague.

technologyreview