IDC cuts tech outlay forecast

Investor's Business Daily
May 2013
Investors Business Daily;5/15/2013, pA02
The market research firm expects global information technology spending to grow 4.9% to $2.96 tril this year, down from 5.6% in '12 and below its earlier forecast of 5.5%. IDC cited the U.S. gov't sequester, which mandated across-the-board spending cuts, and global economic jitters. IDC cut its outlook for PCs, bad news for manufacturers like


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