Compaq Message Board - Msg: 17332942

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Technology Stocks : Compaq

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To: PCSS who wrote (97138)	4/15/2002 1:50:06 PM
From: Elwood P. Dowd	Read Replies (2) of 97611

A Rebound In Tech Spending Seen Pushed Out To Early 2003 NEW YORK -(Dow Jones)- A rebound in technology spending probably won't materialize until early 2003, later than previously thought, according to executives and analysts. Just three months ago, industry watchers were predicting a tech spending pickup in the second half of this year. But with corporate profits showing little life, hopes for a 2002 rebound have been dashed. In January, the majority of chief information officers surveyed by Merrill Lynch & Co . said the rebound would come in the second half of this year, said Steven Milunovich, a technology analyst at Merrill. "Now there's a slight majority who are saying next year," he said.... The rest of this article is available for free to registered Yahoo! users.

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