Ballmer: Tech industry will be credit crunch free

While the financial world crumbles

29 September 2008 15:39 GMT / By Katie Scott

Steve Ballmer has told journos that the tech world is going to be alright, despite the daily news of yet more economic woes.

Baller confidently predicted a "certain buoyancy" among technology and telecommunications customers worldwide.

"Our industry is not immune to what goes on in the global economy. And yet as I travel ... given the current circumstances, people still see a certain buoyancy in the market", Ballmer told a meeting of Silicon Valley civic leaders.

"At least, for now, people are feeling, I won't say optimistic, but better than you would be feeling if you are watching CNBC all day", he added.

Ballmer, however, didn't go into details about how Microsoft is doing stating: "We are one week from the end of the quarter, so I have nothing all that interesting to say".