Some good news.
Stan
IT Vendors Expect Sales to Grow
washtech.com
By Dana Hedgpeth,
Washington Post Staff Writer
Tuesday, January 15, 2002; 8:10 PM
Vendors of computer systems and software expect increased demand from businesses despite the slowdown in the overall economy, according to a report by Input, a Virginia-based information technology marketing firm.
The market for electronic information technology will grow from $93 billion this year to $370 billion in 2006, the study said. The findings were based on a survey of 25 companies that sell information technology equipment, including regional firms CACI International Inc., Computer Sciences Corp. and Manugistics Group Inc.
Gregory J. Owens, Manugistics chairman and chief executive, said in a December earnings call that people were not just "talking about buying software, but they're buying."
"In spite of all of the dot-com failures, 9-11 and the reports that the economy is spiraling downward, we're forecasting a growth in the information technology," said Sara Wells, a senior research analyst at Input. |
