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IDC survey upbeat on IT spending

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Framingham, Mass.--In what should be good news for the reeling tech publishing industry, a new study from International Data Corp. found that 85% of companies in the U.S., Europe and the Asia/Pacific region expect to increase or maintain IT spending levels this year.

IDC surveyed nearly 1,000 CEOs and CIOs in 12 countries for its study.

Slowdowns in IT spending over the past two years have created a pent-up demand among corporations that is expected to boost the sales of storage hardware, PCs and network equipment, according to Stephen Minton, program director of IDC Worldwide IT Markets. But Minton cautioned that increases in IT spending were no sure thing.

“Just as IT spending was severely disrupted in 2002 by wild-card factors including WorldCom and Iraq, so it is that the outlook for 2003 remains clouded by similar uncertainty,” he said.

--Sean Callahan

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