Global Warming Profits

URL: http://www.canada.com/edmontonjournal/news/business/story.html?id=78328496-2c80-47f8-a7ba-7a2fc03fcd70&k=87408 Website: http://www.canada.com/edmontonjournal/news/business/story.html?id=78328496-2c80-47f8-a7ba-7a2fc03fcd70&k=87408     

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Tech Firms Tap Into the 'Green' Movement

Being “green” is all the rage with technology companies these days, but what’s not clear is whether or not the environment-friendly approach is bringing in more greenbacks. Tech buyers say they desire devices that are kind to the environment, but they haven’t shown a strong predisposition to buy them — except when it saves them money. “There’s high-level awareness and low-level activity,” said Christopher Mines, an analyst at Forrester Research. “The goal is to feed into it … and try to take advantage of the growing concern.” Among those able to successfully tap into those concerns are computer hardware companies like Santa Clara, Calif.-based Intel Corp., Palo Alto, Calif.-based Hewlett-Packard Co., Armonk, N.Y.-based International Business Machines Corp. and Sunnyvale, Calif.-based Advanced Micro Devices Inc., which have all been churning out servers or server components that require less power — and thus less money to operate. However, other green initiatives by technology companies, such as running environmentally oriented contests or planting trees, don’t have a direct line to the pocketbooks of client companies’ chief investment officers, making those initiatives ring a bit hollow. “By and large, the vendors are, of course, trying to differentiate and trying to win goodwill to enhance […]

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