dcsimg
 

Tech Still Whistling Past Economic Woes

By Roy Mark  |  Posted 2008-03-18 Email Print this article Print
 
 
 
 
 
 
 

WEBINAR:
On-Demand

Re-Thinking HR: What Every CIO Needs to Know About Tomorrow's Workforce


Analysts insist that the current credit crisis won't slow IT growth.

Tech sector analysts continue to predict that the country's deepening financial woes will have little to no effect on the IT industry, pointing to no downturn in IT spending and a continuing, vibrant acquisitions market.

"Tech is still maintaining its strength. We're still seeing lots of deals getting done," Ward Carter, president of mergers and acquisitions advisory company Corum Group told eWEEK March 17. "Further softening in the economy is another question, but I haven't seen it in IT spending projections."

Carl Steidtmann, chief economist for Deloitte Research, agreed.

"Outside of financial services and credit sectors, not all that much has changed," said Steidtmann "Tech firms are very liquid with strong balance sheets. We've had a credit crunch since at least August and the housing market [has been down] for almost two years now, but there really hasn't been a spillover into tech."

Read the full article on eWEEK.

 
 
 
 
 
 
 
 
 
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 

Submit a Comment

Loading Comments...
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 
 
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date