Business Tech Spending Slowing Down in 2007

Wed Dec 13, 2006 3:23AM EST

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Is your company planning any big tech upgrades in 2007? If the answer is no, you're not alone. Tech spending is still headed upward but at its slowest rate of increase in years: A mere 5 percent growth vs. 13 percent in 2004.

What's the problem? With Vista coming out you might expect 2007 to be a banner year for tech, but that doesn't seem to be the case. Turns out the overall softening economy (heck, didn't we just get out of a recession?) is sending budgets downward.

There are not many additional details in this New York Times story, but there are several pretty graphs. Most notable: Software purchases will be impacted the least by the spending slowdown—hey, there's hope for Vista yet!—while communications equipment (phones, networking devices) will likely be hit the worst.

Is your business gearing up to make big tech purchases next year, or are you battening down the hatches? What are you spending your IT budget on in 2007?

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  • 1 Posted by tunde4idowu on Thu Sep 3, 2009 10:23PM EDT Report Abuse

    My Business concern is a new one which requires technical advice and support. It's a paint manufacturing. The equipment are costly and I do not want to put the cat before the horse for the purchases.Your advice would go a long way to relieve the burden on my heart.

  • 2 Posted by tunde4idowu on Thu Sep 3, 2009 10:23PM EDT Report Abuse

    My Business concern is a new one which requires technical advice and support. It's a paint manufacturing. The equipment are costly and I do not want to put the cat before the horse for the purchases.Your advice would go a long way to relieve the burden on my heart.

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