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Tech Companies First to Benefit in Recovery: CEO

Friday, 29 Jan 2010 | 1:30 AM ET

"Most of the global economies have stabilized," John Chambers, CEO of Cisco, said Friday. "Here in Davos, the mood is much more positive than a year ago, especially for the technology companies. And that's natural because when economies start to recover, you apply first technology â?? get your productivity up â?? then you add jobs."