IT seeing steady but slow growth: Forrester projects 7 percent ...
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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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Investor's Business Daily - Market News' retail trade index bounced 3.7 points to a still-weak 41.5 in the Oct. 27 week. Readings below 50 signal more chains are reporting slowing conditions. Same-store year-on-year sales growth is very weak at 0.7%, with total sales growth at 4.1%. Income is also weak, with 43% of the sample reporting declines vs. 40% reporting gains. Retailers blamed housing woes.
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Capital markets losses offset solid revenue growth in most businesses at the bank, which posted net income of $3.7 billion.
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THE local stock market was trading steady today with a number of companies going ex-dividend and investors a little nervousness ahead of the federal election.
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Activity in the nation&#39;s manufacturing sector grew in October for the 17th straight month, but at a slower pace than the previous month, the Institute for Supply Management reported Monday.
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US spending on information technology goods, services, and staff will grow seven percent in 2005 and continue at a similar pace through 2008, according to a study released Monday by Forrester Research.
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I.BM, a barometer of trends in the computing business, delivered a solid quarterly performance yesterday that pointed to modest if uneven improvement in the corporate technology sector.
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It's been a slow and steady climb for the   langorous Deol.
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A gauge of future economic activity that had declined for five-straight months reversed course in November, signaling that the nation&#39;s financial engine is still gaining power even though the growth rate has slowed.
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Forrester Research has revised projections for IT investment in 2008 down from previous research published in October, predicting the year ahead will be a slow one both in the U.S. and globally.
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Still projects revenue growth of 13 to 15 percent and sees no reason not to continue aggressive stock buybacks.
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Forrester Research has revised projections for IT investment in 2008 down from previous research published in October, predicting the year ahead will be a slow one both in the U.S. and globally.In the report, &quot;U.S. And Global IT Spending And Purchases In 2008: Will The Grinch Of A Slowing US Economy Steal The Presents Of A Stronger 2008 IT Market?&quot; Forrester said it expects U.S. IT investment growth to slow slightly to 4.8 percent in 2008 from 5.3 percent in 2007. Previously, the research firm had predicted U.S. IT spending growth would be about 8 percent in 2008, led by software and network equipment.The areas hardest hit by the downturn will be computer and communications equipment and IT services, the latter being typically the first to get hit, said principal analyst Andrew Bartels. &quot;The first things CIOs cut are consultants and contractors,&quot; he said. &quot;They are readily delayable and cancellable items in the portfolio of spending.&quot;Despite this outlook, there is some good news for next year&#39;s U.S. IT market. According to Bartels, the slowdown in 2008 will happen mainly from the first quarter to the third quarter with growth in the fourth quarter of the year that will continue into 2009.In its year-end report, Forrester defines IT investment as spending in computer equipment, communications equipment and software. It adds spending in two other segments -- IT services and outsourcing and IT staff salary and benefits -- for its definition of IT spending.CIOs in the U.S. should plan conservative budgets because of the possibility that the economy will go into recession, Bartels said.However, there are technologies on the horizon that CIOs should prepare to implement in 2009, so they have the difficult task in 2008 of juggling conservatism and an eye to the future, Bartels said. Those emerging technologies include unified communications infrastructure and dynamic business applications. If they can, CIOs will increase spending and investments toward the end of 2008 and in 2009 to prepare for these technologies, he said.&quot;It&#39;s important CIOs ... don&#39;t get so cautious they&#39;re not ready for the next wave,&quot; Bartels said.Global IT purchases also are expected to slow slightly in 2008, from 12 percent in 2007 to 9 percent in 2008, but the U.S. market is expected to perform competitively despite the slowdown. The Asia-Pacific region, as it was in 2007, will remain an outstanding market in 2008, a year in which it may approach the U.S. in terms of size, Bartels said.&quot;Asia-Pacific is starting to become a factor in the market,&quot; he said. &quot;A year from now, we&#39;ll be able to say it&#39;s a stone&#39;s throw from the size of the U.S. market and may well pass it in 2009.&quot;In 2007, Asia-Pacific surpassed Europe in market size in terms of IT purchases, and that measure is expected to grow in Asia-Pacific by 15 percent in 2008, according to Forrester. IT purchases in the U.S., Canada, Latin America, and Europe will grow 5 percent to 7 percent next year, while in the Eastern Europe/Middle East/Africa region, purchases are expected to grow the same rate as in Asia-Pacific.The strength of Asia-Pacific is good news for U.S. technology vendors, as they&#39;ve &quot;been able to overcome a sluggish technology economy in U.S. with the Asian market,&quot; Bartels said.
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The newspaper publisher today said that while the ad market remains uneven it has seen improved trends so far in October.
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Economic activity in the manufacturing sector grew in October for the 17th consecutive month, albeit at a slower rate than in September, the Institute for Supply Management (ISM) reported Monday.
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The company cited growth in its global business, supply chain and freight unit, as well as modest growth in its U.S. package business despite a sluggish economy.
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Stocks were nearly unchanged on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed Midwestern business activity expanding in October.
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Singapore&#39;s economic growth slowed to 7.7 percent in the third quarter after a 12.5 percent rise in the previous three months, as its central bank said it would keep a tight rein on monetary policy to support growth amid rising oil prices.