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Daily News

Technology Spending to Rise
Mar 4, 2003
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Information-technology spending will rise 1.9 percent this year, a Forrester Research Inc. survey of North American companies said.

Midsize companies - those with annual sales of U.S. $500 million to $1 billion - will bolster spending by 2.6 percent, Forrester said. Technology spending has been in a 2-year slump, hurt most in the financial industry, the leading buyer of technology.

Gartner Inc., a Forrester rival, has said spending by businesses on PCs, software, networking equipment, and printers will rise
4.9 percent this year.(Bloomberg News)

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