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Politics : Formerly About Applied Materials

AMAT 330.48

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Feb 9 3:59 PM EST

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To: StanX Long who wrote (63952)	5/23/2002 3:03:34 AM
From: StanX Long	Read Replies (1) of 70976

U.S. IT spending will remain flat through end of year, says survey Semiconductor Business News (05/22/02 14:44 p.m. EST) siliconstrategies.com STAMFORD, Conn. -- A new survey of information technology departments in U.S. businesses shows IT spending will remain flat throughout the balance of 2002, according to Gartner Inc. and The Goldman Sachs Group Inc. The somber findings also show technology spending by U.S. business dropping 0.4% in the remaining months of this year compared to 2001. However, Gartner said the survey backs up its forecast for IT spending to grow 1.5% in U.S. businesses during 2002. A previous Gartner IT survey last fall showed information technology spending would grow 1.5% this year. "Our clients are telling us that they are married to predictable budget forecasting this year," said Al Case, Gartner senior vice president and co-creator of the survey. "Solutions not already built into these bare-bones technology spending plans have little hope of a demand rebound anytime this year."

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