Vendors That Survived the Recession: 2009 Dire Predictions Revisited
Over the past year, IT vendors have been sitting on a mountain of cash. The top eight vendors—including Microsoft, Google, IBM, EMC and Cisco—have cash reserves totally more than $125 billion. The fall 2008 stock market crash, the seizing of credit markets and the stalled spending on technology by businesses had many predicting that 2009 would be the year of massive consolidation as large, rich vendors went bargain shopping. Conversely, many predicted that 2009 would be the year where perceivably weaker vendors would either be acquired or go out of business.
At the beginning of the year, Channel Insider asked solution providers to predict the fates of 12 well-known hardware and software vendors. Their predictions were the basis for much conversation as the initial report went viral. Some thought solution providers were spot on, while others voiced distain for off-the-mark speculations.
To bring these predictions full circle, Channel Insider is revisiting its "Dire Predictions Report" from January to see how well solution providers did with their "going out of business" forecasts. As you’ll see, many solution providers need a better Magic 8 Ball.