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Mixed signals for IT spending

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On September 16, 2003, 2:20 AM

American businesses have continued to spend conservatively on tech during 2003, but a modest recovery is likely in 2004, according to a new study released by Goldman Sachs on Monday.

A survey of 100 chief information officers of Fortune 1000 companies in August has revealed that their expectations on technology capital spending have eroded slightly. However, vendor pricing, a critical component in a tech recovery, is showing the most promising evidence of bottoming so far this year, the firm said.

Read more: [URL=http://news.com.com/2100-1014_3-5076474.html]CNet News[/URL].

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