BEANCOUNTERS at Goldman Sachs claim that a technology spending recovery is on the way in 2010.
After consulting their Tarot cards and noting the flight of a fully laden African swallow, the analysts think that IT spending has normalized at pre-recession growth rates.
For the last year IT spending has been contracting as outfits have refused to buy gear.As a result Goldman is cautiously optimistic about 2010 IT spending, noting that much of it depends on the macro-economic environment driving more business spending.
Most areas will see growth counter to 2009’s downward spiral, but it thinks that off-shore development and outsourcing will continue to suffer.
The report predicts CIOs will consider newer technologies such as virtualisation and cloud computing.It talks of pent-up demand in hardware, particularly in storage, server and PC markets.
Goldman Sachs predicts a good year ahead for HP, NetApp, CommVault, Red Hat, Riverbed, Salesforce.com, VMware and Citrix.
Source:http://www.theinquirer.net/inquirer/news/1563521/it-recovery-set-2010
