IDC Tweaks Global IT Spending Estimates Downward for 2008
February 25, 2008 Timothy Prickett Morgan
The analysts at IT market researcher IDC have taken a look at the state of the global economy and have decided that their initial estimates for spending in the information technology area in 2008 were just a tad bit rosy. And therefore, IDC has decided to lower its forecast for IT spending this year, despite the explosive growth in emerging markets and mostly because of a spending slowdown in IT in particular and in the overall economy in the United States. “While there is still debate over the severity and length of a U.S. economic slowdown, we do know that |