Still Going For Global Reach
You'd think the gloomy global economy would crimp international plans at small companies. Not so, says a February survey of 376 high-tech companies by PricewaterhouseCoopers. Its poll found CEOs at small, fast-growing companies that export are predicting international sales will inch up two percentage points this year, to 29% of total revenues. The smaller, privately held companies in the survey saw new strategic alliances (76%) and increased investment (55%) as their primary sources of international growth. But they're mindful of the minefields, too: 80% worry about economic and political instability, and 69% about slack demand.