CIOs think tech spending will accelerate by mid-2003
According to this News.com story, "Tech spending could accelerate toward the middle of next year, according to a poll of chief information officers, a trend that could benefit Microsoft and a few select companies."
Fifty-one percent of the respondents in the poll conducted by Merrill Lynch said that information technology demand should pick up in the second or third quarter of 2003. Seventy-five North American and 25 European CIOs participated in the poll.
"A number of users pointed to aging equipment and a backlog of user requests for reasons why spending will improve," the study stated.