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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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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Parent company of Orkin has modest growth, but solid cash flows.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.
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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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The Commerce Department said Friday that the economy grew at a 3.7 percent annual rate in the third quarter  --  less than economists expected.
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Blue-chip stocks were flat 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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The economy grew at a 0.7 percent annual rate in the first three months of this year, the weakest in more than four years.
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A gauge of future economic activity that had declined for five-straight months reversed course in November, signaling the nation&#39;s financial engine is still gaining power, even though the growth rate has slowed.
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Corporations are interested in open source, but barriers to adoption remain, Forrester analysts say.
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TROUBLED mutual Equitable Life yesterday said it had continued to make &quot;steady and sustained progress&quot; in improving its financial position during the first half of the year.
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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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Eli Lilly and Co. on Thursday is on track to meet its 2006 growth forecast of 8 percent to 12 percent, but projected slower profit growth for 2007 even though its revenues will grow at a faster pace next year.
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The US economy grew at a slower-than- expected 3.7 percent annual rate in the third quarter as rising oil prices contributed to a record trade deficit and companies added less to inventories.
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The latest quarter showed some encouraging signs, but it may be awhile before investors see results.
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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.
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The company says its revenue is stabilizing. If so, a value stock is in the making.