Report: IT spending to rise.STAMFORD Stamford, town, England
Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , CT -- "A big turn is coming" in IT spending. So says Michael Fleisher, chairman and chief executive of Gartner Inc., the market research firm, at the company's annual conference in Orlando in October.
"2004 will be the year that companies make the turn from protecting profitability to driving growth," Fleisher said. He said sweeping new technology changes will be at hand as spending accelerates modestly in 2005 and 2006.
* By 2008, 25% of all technology jobs will be centered in low-cost, developing regions.
* 2003 will mark the first pickup Pickup
A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup."
When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their in purchasing of computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. and wireless telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. .
* Growth is forecast for global technology spending (5.4% in 2004, and 5% per year through 2007), computer hardware (4.4%), software (7%).