Nevertheless, a surge in IPOs means that investors are feeling more confident about the prospects for a recovery. Since tech was one of the sectors that performed best in the PwC survey, it's not unreasonable to expect better times in the IT industry in the not-so-distant future.
Here's a quick look at the tech companies that went public in January, February, and March:
- Neophotonics, based in San Jose, Calif., is a developer and manufacturer of photonic integrated circuit (PIC)-based components, modules, and subsystems for use in telecommunications networks.
- Magnachip Semiconductor of Seoul, South Korea, is a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications, including power management and displays for flat panels and mobile devices.
- BCD Semiconductor Manufacturing, based in China, provides analog ICs specializing in the design, manufacture, and sale of a broad range of power-management semiconductors used in PCs, flat-panel televisions and monitors, mobile phone chargers, and other portable electronic devices.
- Fluidigm, based in San Francisco, makes integrated fluidic circuits used in biotech and genetic analysis.
- Trunkbow International Holdings, based in China, develops platforms for mobile payments. According to CrunchBase, Trunkbow and its telecom partners expect to deploy about 125,000 mobile payment terminals integrated with Trunkbow's 2.4GHz NFC technology over the next three years.
- Epocrates, based in San Mateo, Calif., provides medical reference software that runs on a variety of mobile platforms, including iOS, Android, BlackBerry, Palm, and Windows Mobile.
- Velti, based in the U.K.'s Jersey, "offers a SaaS technology platform that allows agencies and brands to plan, manage, and optimize mobile advertising and marketing campaigns in real time," according to CrunchBase.
The bottom line: Yes, we're finally seeing signs of a recovery in tech. But the job market is still terribly weak, so ignore those overpaid pundits who say the recession is over.
This article, "2011's IPOs show the future is in consumer tech," was originally published by InfoWorld.com. Read more of Bill Snyder's Tech's Bottom Line blog and follow the latest technology business developments at InfoWorld.com. For the latest business technology news, follow InfoWorld.com on Twitter.