Tech Still Whistling Past Economic Woes

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 […]

Written By: Roy Mark
Mar 18, 2008
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

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.

Recommended for you...

Concentric AI Adds Integrations to Data Governance Platform

Concentric AI adds Wiz, Salesforce, and GitHub integrations to boost Semantic Intelligence platform’s AI-driven data governance and security capabilities.

Jordan Smith
Aug 15, 2025
Brivo Launching New Solution to Boost Security Suite

Brivo and Envoy partner to unify access control & visitor management, delivering scalable, compliant, and secure workplace experiences.

Jordan Smith
Aug 13, 2025
GitHub CEO Steps Down as Microsoft Tightens AI Integration

GitHub CEO Thomas Dohmke to step down in 2025 as Microsoft moves platform into CoreAI, deepening its role in the company’s AI development strategy.

Allison Francis
Aug 13, 2025
Backblaze CEO on GTM Strategy & AI Demand on M&E Datasets

Backblaze CEO on record growth, AI and M&E wins, and how new products and partnerships are driving enterprise cloud storage adoption.

Jordan Smith
Aug 13, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.