Feeds

IT investment falls over war fears?

Patriot games

  • alert
  • submit to reddit

The essential guide to IT transformation

A short war with Iraq should do wonders for American technology firms as US.gov, the world's biggest IT spender, as well as the world's biggest defence contractor, gets stocking, and then restocking.

But corporates are nervous and Wall Street has the jitters. Dan Niles, a star analyst at Lehmans Brothers, reckons that Dell and HP sales for the next quarter will be lower than expected due to (the quotes are from Reuters) "the possibility of war is hurting corporate spending on technology".

To be specific, it's US corporates who are playing wait and see, stunting demand. As a result Niles is lopping revenue estimates for HP and Dell, the US's dominant PC makers. HP will he reckons, pull in $100m less than his previous projection, while Dell will "mute forecasts".

HP shares promptly fell 7 per cent on the publication of the Niles prognosis on Friday January 21, while Dell eased 2 per cent. Both companies report their January 31-ended quarterlies, sometime next month, at which time they will, if necessary, revise their performance guidance. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.