Dip in IT spending forecast

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New York--Perhaps signaling another rough year for technology media, IT spending will decline 0.2% this year, according to a survey of chief information officers by CIO Insight, a Ziff Davis Media publication.

The CIOs polled indicated that capital expenditures and operating expenditures would contract at large companies. At the same time, small businesses anticipated increasing spending by 5%.

The area where CIOs see growth is in open sources, such as Linux, where spending is expected to grow 20%. On the other hand, spending on networking hardware/infrastructure products such as routers and switches is expected to decline 13%.

Poll respondents indicated they expect spending to rebound in 2004, with an increase of 4.4%.

--Sean Callahan

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