CEO Sees Tech Spending Up 1% To 2% In 2004

Dow Jones Business News
H-P Call: CEO Sees Tech Spending Up 1% To 2% In 2004
Thursday February 19, 7:01 pm ET
By Donna Fuscaldo, Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Hewlett-Packard Co. (NYSE:HPQ - News) Chief Executive Carly Fiorina reiterated Thursday that the computer hardware and software maker is seeing a steady recovery in information technology spending.

http://biz.yahoo.com/djus/040219/1901001362_2.html

(comment)

Is this an impressive economy or what??

All the Bush stimulus--and zero job growth, and ONE to TWO percent spending growth on computers?

A big flop!

[lcordero]

1. the spending is going to be on migrating more jobs overseas

[POed_Ex_Repub]

2. 1% after depressed sales

Uh... and this is a recovery? Keep in mind we're talking 1% gains after the tech sector has been sprialing downward. In other words it takes much less to achieve 1% than it did say... 3 years ago.(remember in the 90's when 10% gains in a GOOD MARKET weren't uncommon?)

[mhr]

3. This Represents Replacement Infrastructure Spending Not New Growth!

eom

[Florida_Geek]

4. How much is military/ Homeland Defence spending

:puffpiece: :puffpiece: