Global information technology spending will fare worse in 2009 than it did during the dotcom bust of 2001. That’s the grim news from Gartner, which Tuesday predicted that worldwide IT spending will slip to $3.2 trillion this year from $3.4 trillion in 2008. If that should happen, the drop will be the greatest decline in IT spending in nearly a decade.
So the seemingly unfailing demand for Nintendo’s Wii? Failing. Though Wii manufacturer Nintendo posted a 21 percent gain in quarterly operating profit on brisk demand for the videogame console, it slashed its forecast for full-year sales of the device.
If Motorola were a Greek tragedy, we’d be at that point in the narrative where the company is just about to blind itself out of grief–with a pair of RAZRs, of course. Two reports issued today show an already grim scenario for Motorola growing markedly worse.
Nokia’s Capital Markets Day event is proving quite the downer, and the day’s only just begun. This morning the company cut its global handset market forecast for the second time in three weeks, warning that the slowdown in the industry is worse than expected.
The slow gutting of the U.S. economy hasn’t had as much of an impact on global semiconductor sales; they rose 5.5 percent in August from a year ago bolstered by strong demand for personal computers and handsets. Odd, since you’d assume that slowdown in the U.S. economy would reduce demand for electronics goods and, by extension, the chips on which they run.
If Dell sees “further softening” in global demand for its products it’s going to need stilts to keep from sagging below water level. Shares in the company fell to their lowest point in seven years Tuesday after Dell warned of a slowdown in investment technology spending in the U.S. and abroad.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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