Leading US businesses will not increase their IT spending until the
second half of 2003, according to a study by investment bank
Goldman Sachs.
The survey of 100 IT executives from the 1,000 largest US companies
found that IT spending will grow by about 2% to 3% in 2003, with
any significant upturn in purchasing at least three quarters
away.
US companies are likely to underspend their IT budgets because of
uncertain business conditions, while cost cutting remains the key
business priority.
The Goldman study also noted that interest in Linux may be growing,
but the adoption rate is still low because of the technology's
immaturity.
The report found that Cisco Systems, Microsoft and Network
Appliance continue to gain market share, while other companies
showing notable growth included IBM, EMC, BEA Systems,
Hewlett-Packard, Internet Security Systems, Red Hat and Veritas.
