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Technology Stocks : Network Appliance

NTAP 117.28

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To: Jacob Snyder who wrote (9366)	10/24/2001 8:09:22 AM
From: JakeStraw	of 10934

Meta Group sees downturn in global IT spending one.digital.cnet.com Worldwide spending on information technology is falling and likely to move sharply lower next year amid a global economic downturn, according to a research report issued on Tuesday by the Meta Group Inc. In its newest Worldwide IT Trends & Benchmark Report, the Stamford, Connecticut-based research and consulting firm projects that U.S. businesses will cut total IT spending by between 2 percent and 5 percent in 2002, compared with an estimated 8 percent increase in 2001. The firm also is forecasting that total IT spending among non- U.S. businesses likely will be flat in 2002, compared with a 6 percent increase in 2001.

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