I had a funny discussion with my school's CS career center councilor (CCCC?) about this. He told me about how he is being inundated with calls from tech companies to the effect of "please please, do you have any more CS majors for me!" Put a smile on my face. It's a happy time to be a CS major...almost offsets the looming recession.
My guess is that tech companies like recent grads because they can get away with paying less ("interns welcome!"), and also the employee is usually not married and doesn't have kids, so they can spend a lot of extra hours on the job.
