Discouraging signs for IT rebound

Aniki Kubayashi · January 3rd, 2003, 05:28 PM

"IT spending not as good as what we heard last year for 2003. The survey of 100 chief information officers at leading US companies indicates that Business will remain frugal information technology buyers in 2003. This is according to a new survey published Thursday by investment firm Goldman Sachs."

PresterJohn · January 3rd, 2003, 05:41 PM

let's try to confine threads to certification and education related topics, please. this would be better posted under 'news' or community.

wyvrn · January 21st, 2003, 08:16 PM

IT is certainly depressed right now. Though according to Worth magazine, consumers will drive demand for IT products and companies will follow. When that is to be expected is up for debate. The article also pointed out there are many companies with 3-5 year old computers and software, and they will eventually need to upgrade all of that equipment or risk falling behind the competition. I think IT spending is going to turn around sometime this year or early next, and it's going to be an explosion when it happens.