CIO poll shows optimism over increased tech spending
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LOS ANGELES (CBS.MW) -- US technology spending is projected to rise 7 percent next year and continue at about the same rate through 2008, according to results of a survey released Monday that also showed improved optimism on outlays in the sector.
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InfoWorld - Amid uncertainty about the greater economy, technology companies are looking good to investors.&#160;Strong earnings from Red Hat this week&#160;and Oracle last week, continued excitement over mergers and acquisitions, and solid forecasts for global component sales have been pushing shares of tech vendors up.
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The "smart money" is seeing value in the software sector.
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US IT spending will grow by seven per cent next year, according to a study out yesterday from IT analysts Forrester Research. Forrester predicts that spending on IT goods, services, and staff will remain at seven per cent over the next three years.
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CINCINNATI, June 6  /PRNewswire/ -- A net 12 percent of chief information officers (CIOs) in the Cincinnati area expect to hire information technology (IT) professionals in the third quarter of 2007, according to the most recent Robert Half Technology IT Hiring Index and Skills Report.
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Poll of 600 information technology workers, intended to help influence presidential campaign priorities, finds most prefer to let tech preside.
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InfoWorld - Mixed economic news and forecasts of weak IT spending for at least the beginning of next year caused IT investor confidence to waver this week, though upbeat analyst presentations from Cisco and AT&T and online e-commerce figures brought some cheer to the holiday season.
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December survey shows U.S. tech workers are optimistic about jobs, bucking national trend.
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The net will be a thriving,  low-cost network of devices by 2020, says a major survey of technology thinkers.
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(InfoWorld) - The Dow Jones Industrial Average broke a record this week, but that doesn't mean that the technology sector has recovered from its half-decade hangover after the burst of the dot-com bubble. The Nasdaq has made gains in recent weeks and closed the third quarter up about 4 percent, compared with the second quarter, but it is still is about 55 percent down from its peak in March 2000. On Tuesday, the Dow hit 11,727.34, its highest point ever, and continued to climb, closing Thursday at 11,866.69. Strong retail sales, signals from the U.S. Federal Reserve that lending rates will be kept low, and generally lower oil prices (though there have been some spikes recently) have generated a feeling of optimism for business. Though there are signs that some of this optimism has spilled into the tech sector recently, IT vendors have a long way to go before they reach the exalted levels of 2000. While the Dow index measures 30 large companies, including four of the largest IT vendors (Microsoft Corp., Hewlett-Packard Co., Intel Corp., and IBM Corp.) the Nasdaq is a much better bellwether for the tech sector, since it is so heavily weighted with technology companies, large and small. Thursday it closed at 2306.34, up 15.39 points for the day. But at its peak on March 10, 2000, it hit 5048.62. Corporate IT departments are still under great pressure to contain costs, so vendors aiming at the enterprise have an uphill battle. According to a CIO Magazine Tech Poll released this week, executives surveyed during the third quarter forecast IT budget increases of 6.5 percent for the next 12 months. That's down from an average 6.9 percent increase reported in the second-quarter survey. In one worrying sign, only 46 percent of the executives said they had intentions of moving to software-as-a-service (SAAS) computing architectures. SAAS has been seen as a harbinger of better times for the software industry. Other surveys are more optimistic, however. For example, The Equs Group's poll, also released this week, found that 55 percent of executives surveyed plan budget increases of 5 percent to 15 percent for 2007, and that 21 percent of the respondents forecast spending increases between 25 percent and 50 percent. Analysts at brokerages have been raising expectations on the tech sector, reasoning that some IT vendors shares have fallen so low that they are now a bargain. Also, price decreases as a result of vicious competition in the PC sector are expected to trigger a miniboom in hardware shopping at the end of the year. While it may take years for the Nasdaq to attain the level it reached in the boom years, some clarity around the next few quarters should happen in the next few weeks. In the week of October 16, financials reports should give a good indication of how end-of-year sales will shape up, especially in hardware. A variety of industry bellwethers will be reporting: Dell Inc., Intel Corp., Apple Computer Inc., Advanced Micro Devices Inc. and IBM Corp. Intel will get a chance to report whether its latest spate of product announcements, including 64-bit processors, has helped it regain market share it lost to AMD. Analysts will get a chance to press Apple about how it will weather competition from Microsoft Corp. in the music player arena, and whether a lack of a new video iPod will be a big blow.
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New York, August 31: US technology executives are increasingly optimistic about the business climate, although plans for increased technology spending remain modest, according to a study released on Monday.
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CIO confidence is up in third quarter, according to Forrester poll.
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The Motley Fool - Information technology spending is growing significantly -- that is, in other countries such as China and India. According to an IDC study, China's IT growth is expected to be 15% annually and India's about 20%.
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Most senior executives at large U.S.  companies plan to increase hiring and investments over the next  12 months amid growing optimism about the economy, according to  a survey by PricewaterhouseCoopers released on Thursday.
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Almost half of the IT execs responding to a new Meta survey expect offshoring to increase if George Bush wins reelection as president. [Offshoring Blog]
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PHOENIX, Dec. 11  /PRNewswire/ -- A net 18 percent of chief information officers (CIOs) in the Phoenix area expect to hire information technology (IT) professionals in the first quarter of 2007, according to the most recent Robert Half Technology IT Hiring Index and Skills Report.
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HOUSTON, Dec. 11  /PRNewswire/ -- A net 15 percent of chief information officers (CIOs) in the Houston area expect to hire information technology (IT) professionals in the first quarter of 2007, according to the most recent Robert Half Technology IT Hiring Index and Skills Report.