IT ice age
The Economist has an article in this week's edition (available from MSI here) that talks about IT spending entering an ice age where companies are assimilating the technology that has been developed during the late 1990s. Obviously, things are not going very well for some of the most prominent names in the bubble (the prime example being Sun). But, even if IT spending stagnates at 4% of GDP for a period of time, is that really stagnation or does it represent getting more with less? Either way, it probably isn't good for those (like me) employed in the IT business but it doesn't seem like a bad thing overall.