November 12, 2003

IT Spending: Nowhere To Go But Up

Research firm Gartner projects that I.T. spending has finished hitting bottom and will rebound in 2004. The firm predicts single-digit growth next
year compared to 2003.

For the past three years, a rebound in tech spending has been about two quarters away, depending on the research du jour. From Hewlett-Packard to
Cisco (Nasdaq: CSCO) Latest News about Cisco Systems-[icon-inline-search.gif] , every major firm described I.T spending as fragile or tentative. Cisco
still paints that picture, though CEO John Chambers finally acknowledged a bit of thaw last week.


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