April 30, 2001

End to tech slowdown is in sight

Author: JT Smith

"The US economic downturn, precipitated by the bursting of the
dot-com bubble, will improve within a year, according to
research firm IDC.

IDC expects US IT spending growth to slow to seven percent
in 2001, down from 11 percent last year. If the economy
continues to deteriorate this could fall as low as five percent,
with hardware bearing the brunt of the downfall." More from ZDNet.


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