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IT Sector Should Bottom Out in Q3: Forrester
In its quarterly IT economic report, Forrester Research is predicting that the declines in technology spending in both the United States and worldwide will decline more steeply than anticipated. However, the severe drop in spending in the first half of the year is a good omen that businesses will increase their IT investments starting in the third and fourth quarter as they see the recession beginning to ebb and a rebound on the horizon. Forrester expects the IT sector to bottom out in the third quarter, with spending increasing in the fourth quarter and into next year. - The first half of 2009 was a brutal one for the IT sectors in both the United States and throughout the world, but that could translate into good things for later this year and into 2010, according to Forrester Research.
In a report issued June 29, Forrester analyst Andrew Bartels said the first si...