January 02, 2013

Tech companies and industry groups on Wednesday saw a mixed bag on the other side of the fiscal cliff that threatened to throw the country into a recession.

On the positive front, markets surged, with tech stocks riding the post-fiscal cliff wave of relief. And tech firms are particularly happy that the research and development tax credit extension was included, although the industry has long advocated for making the tax credit, which had expired, permanent. 

But some pointed out that the D.C. drama was not a final resolution when it comes to spending cuts, which will have to be addressed again in two months.

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