Forecast Finds ClOs Cautiously Optimistic On Spending

June 2004
Business Communications Review;Jun2004, Vol. 34 Issue 6, p6
Trade Publication
North American CIOs are increasingly optimistic about economic conditions, prompt- ing Forrester Research Inc., to raise its forecast for the U.S. Information technology (IT) spending growth this year, from 4 percent to 5 percent. Forrester found that expectations for percentage growth of networking gear trail those for computer hardware and software. However, the market research company attributes this to higher 2003 numbers for networking/communications. To develop the updated figures, Forrester analyzed financial reports of 20 IT vendors and IT investment data reported by the U.S. Department of Commerce.


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