While it took a little more time than in other industries, the economic slowdown’s hit the tech sector, and orders for both business and consumer tech products have collapsed.

Because of this, technology companies have begun laying off workers and there’s talk of a crash like the one that happened in early 2000, when the “dot come” bust followed the boom of the 90s.

High tech companies like chip maker Intel and business tech giant Cisco are reporting sharply falling sales.

What’s this mean for businesses? There could be some good deals out there if you look for them. Tech companies will be looking hard to boost revenue and won’t be likely to let customers walk away without overtures and great deal making.

Tags: Cicso, Intel, sales, spending, technology