PSINet is the Alexander McQueen trousers of the Net market

The crack is showing

Business decision makers are feeling a "renewed sense of optimism in the beleaguered technology sector", according to a straw poll conducted by PSINet UK at a recent Internet exhibition.

By eck, what would PSINet Inc in the US - which recently filed for Chapter 11 bankruptcy protection - give for such an upbeat assessment? It would probably chew its own arm off for news like that.

Still, despite all the gloom, it's good to see PSINet putting such a brave face on things and trying to talk-up the market.

According to its "straw poll" 83 per cent of those questioned are confident IT spending will increase significantly in the next 12 months, while only six per cent felt there was any chance of a further spending decline.

Those quizzed were confident that broadband access in the home is "just around the corner" for Britain and that mobile Internet applications will be the next big technology for UK businesses.

Believe as little or as much of this as you like. ®

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