David Kirkpatrick

January 13, 2010

Tech sector to rebound in 2010

Filed under: Business, Technology — Tags: , , , , — David Kirkpatrick @ 9:13 pm

At least according to Forrester Research.

From the link:

The analyst firm expects U.S. IT spending to grow by 6.6 percent in 2010 after plummeting 8.2 percent in 2009. On a global basis, IT expenditures will jump 8.1 percent in U.S. dollars and 5.6 percent based on local currencies.

Forrester is making its predictions even though final data for the fourth quarter of 2009 isn’t in yet. It’s basing that confidence on recent signs of economic recovery around the world, including strong earning reports from vendors such as Oracle (ORCL) and the increased availability of credit.

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