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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (26263)1/26/2003 10:24:07 AM
From: DebtBomb  Respond to of 30712
 
DAVOS-Microsoft's Gates sees no IT spending pickup soon

DAVOS, Switzerland, Jan 26 (Reuters) - Microsoft (NasdaqNM:MSFT - News) founder and Chairman Bill Gates said on Sunday he did not expect a big pickup soon in technology spending, widely seen as a necessary ingredient for a sustained U.S. recovery.

"This economy is fairly flat -- technology spending, there's no big up-tick," Gates told reporters at the sidelines of the World Economic Forum's annual meeting in Davos.

"I'm optimistic about scientific advance and technology, and if you take (that) over a long period I think we'll see good economies. But in the next two or three years, I neither see anything notable, nor do I consider myself someone who could make predictions," he added.

biz.yahoo.com