Tech Spending Outlook Perks Up
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CIO Magazine says poll shows IT budgets are expected to grow over the next year.
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U.S. personal spending jumped a much bigger-than-expected 1.1 percent in November, the sharpest rise in more than two years, while prices rose, a Commerce Department report showed on Friday.
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Venture capital funding in the U.S. rose nearly 11 percent last year, in part driven by investments in clean technology and Internet-related companies.
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After years of hearing that investing in IT was a smart strategic plan, business executives seem to have gotten the message, according to a new Gartner CIO survey released today -- but only when the dollars are going to technology efforts that have visible benefits for the bottom line, primarily externally facing initiatives involving customers or partners.
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The tech sector can't pop open the bubbly yet, since pink slips are flying and shipping jobs overseas is as en vogue as 1980s fashion trends. But there are signs of growth that give reason to at least put the champagne on ice, with PC sales rising and small businesses planning to plunk down serious cash on technology purchases, according to a new batch of studies.
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Spending by Americans shopping  online during this year's holiday season rose 24 percent from a  year earlier to $8.8 billion, with sharp gains in purchases of  clothing and entertainment, Web company VeriSign Inc. VRSN.O  said on Thursday.
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Third-quarter cuts in the tech sector shot up 60 percent from the previous quarter, an employment services company reports.
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Tech companies waiting for a big resurgence in spending on computer hardware, software, networks and staff better plan to wait about four more years, Forrester Research projected yesterday.
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Falling cost of PC parts gives computer maker's third quarter a boost.
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Monthly measurement of techie optimism marks another slight hike, less worker worry.
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Survey finds Microsoft research spending up 6.5 percent this year, the top of the tech firms.
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Tables are turning for IT buyers with new tech trends that have given shoppers the upper hand.
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Spending by Americans shopping online during this year's holiday season rose 24 percent to $8.8 billion, with sharp gains in purchases of clothing and entertainment, Web company VeriSign Inc. said on Thursday.
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Many technology investors are taking investment tips from their children, summer interns and receptionists.
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Research firms rode high during the high-tech boom, advising businesses to use technology to cut costs and boost efficiency.
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Analysts see IT spending increasing, paced by an increasing need to manage voice-over-IP and wireless LANs.
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Security is a very big and growing tech business. Cumulative private and public sector security spending in the U.S. is forecast to exceed &#36;1 trillion over the coming decade. The punditocracy has analogized this post-Sept. 11 trend to Cold War-era military spending; homeland security will be a short-term economic stimulus but, ultimately, like military spending, a drag on the nation's domestic production.