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Tuesday June 30, 2009

Tech Recovery To Start in Fourth Quarter

According to a new report from Forrester Research, the tech industry will recover in the fourth quarter. The bad news? The company’s last prediction on first quarter spending was way off, oops… I mean "results were worse than forecast." So there you have it, analysts say we are set for a recovery, unless we don’t have one. wink

The analyst firm reduced its forecast for 2009 information technology spending from a 3 percent decline to a 10.6 percent decline, but it's the hitting bottom, it said. Spending should return to growth in the fourth quarter in the United States, and in the first half of 2010 in Europe and Asia, Forrester said, basing its forecast on newly collected data.

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