Feeds

Corporate IT spending to slow down through 1999

Y2K fixes take cash from other IT projects

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Corporate IT spending is expected to slow next year, according to a survey by Morgan Stanley Dean Witter. Although hardware purchases will increase by between four and six per cent, this is less than the seven to nine per cent growth rates the industry has witnessed during recent years. However, of the Fortune 500 companies polled, 75 per cent said they haven't changed their technology budgets because of economic conditions or market turmoil. In particular, the uncertainties in the Far East, Russia and South America seem to be having little affect on IT spending plans, the survey said. But the report underlined the widely held notion that spending to rectify the Year 2000 computer bug has diverted cash away from other IT projects. Around three quarters of those companies which said that spending on computers would slow next year blamed it on trying to solve the millennium bug. The report also highlighted some interesting purchasing trends. For example, IBM, Compaq and Hewlett-Packard have been singled out by respondents to receive the bulk of next year's IT hardware spend. And Microsoft, IBM and Oracle topped the list for projected spending for software vendors. Cisco should maintain its hold on networking expenditure, the survey maintains, with Bay Networks and IBM following behind. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.