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Technology Spending On The Rise

Posted by timothy on from the raise-you-a-dollar dept.

securitas writes "After the technology industry's so-called nuclear winter that has resulted in thousands of lost jobs over the last three years, the New York Times' Steve Lohr reports that technology spending is finally increasing (Google / mirror). Much of the investment in hardware and software is spurred by the natural corporate replacement cycle, but the positive change offers a glimmer of hope for techies everywhere. IBM CEO Sam Palmisano says that IBM plans 'to add 10,000 workers in fields of emerging demand over the next year.' Based on IBM's current Linux advertising campaign and market projections, this will probably mean hiring staff who are knowledgeable about Linux and open source software. Is this just a blip as some analysts believe, or is it the beginnings of a resurgence for the technology sector?"

2 of 355 comments (clear)

  1. How many of those jobs are overseas? by Anonymous Coward · · Score: 0, Troll

    More IT activity doesn't do us any good when much of it is shipped off to India by shortsighted and unethical management.

    The last company I worked for sent IT jobs to India to increase management bonuses. So much for an upturn.

  2. Re: General Economy Resurgence by RickHunter · · Score: 1, Troll

    AND didn't the White House just finish doing a number on Veteran's Comp? So while all these servicemen are hauling down the bonuses and helping the economy keep its head above water for now, think about what's going to happen when the quagmire's over and they're back home and on veteran's comp.

    Now add that to the Bush administration's off-the-charts deficit spending.

    Sounds like quite a mess for the next person to take office, isn't it?