FORRESTER BOOSTS IT FORECAST

New York
The Economic Times (Bangalore edition)

For the technology sector, it’s a case of good news now and so-so news later. Forrester Research raised its estimate of what the US companies and government agencies will spend on information technology this year. Forrester envisions the market to grow 5.4%, up from a May prediction of 3.4% growth. But amid the turmoil on Wall Street, and on the same day computer company Dell warned of slowing global demand, the analyst firm said growth in 2009 will be softer than expected, and weighted more toward the latter half of the year.