engine - 11:36 am on Jan 26, 2008 (gmt 0)

The outlook is encouraging, according to corporate technology buyers and industry analysts. There will surely be belt-tightening, and cuts may be sharp in some industries, especially the financial sector. Overall growth in technology spending may fall from 7 percent last year to 4 percent or less this year, according to estimates by IDC, a research firm.

Forecast: Tech Spending Won't Collapse; Cuts, But No Bubble Burst [nytimes.com]