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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55485)	11/14/2001 12:24:07 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Posted at 10:43 a.m. PST Tuesday, Nov. 13, 2001 Survey: IT spending to rise slightly next year siliconvalley.com SAN JOSE, Calif. (AP) -- Spending on information technology in the United States is expected to rise just 1.5 percent in 2002, a relatively small increase that nonetheless offers some hope for the troubled high-tech sector, according to a new survey. The report released Tuesday by the Gartner Inc. research firm and the SoundView Technology Group Inc. investment bank was based on interviews with 1,000 corporate technology buyers and high-tech vendors at a recent symposium. The survey found corporate technology spending will likely end up rising 2.5 percent this year over 2000 -- well off the original 8 percent increase the companies were expecting in January. Fifty-nine percent of the survey respondents said they spent less on technology than their budgets allowed, leaving room for more potential spending next year. ``I think there's a huge glimmer of hope for the tech sector,'' said Al Case, a Gartner senior vice president.