US-based storage vendor, Seagate, is in talks to be taken off the Nasdaq stock market.

While the potential benefits of cloud computing, such as resource flexibility, are appealing to many IT executives, security and regulatory concerns are either limiting or preventing its use by Wall Street financial firms.

Are shares of IT vendors set to rise again? Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday that was generally ascribed to news about China's confidence in Europe, which faces a debt crisis in Greece and other Mediterranean countries.

Though economic concerns continue to roil the markets, major technology vendors such as Hewlett-Packard and Dell continue to report strong quarterly sales gains while market researchers forecast a strong year for IT overall.

The tech sector passed two poignant market anniversaries this week on its way to what investors and vendors hope will be a sustainable recovery from the recession and, in the best-case scenario, another boom cycle.