Markets
News and Observations
Monday, August 5, 2002
News and Observations
Monday, August 5, 2002
IDC Projects Increases In Software and Services Spending
Most of us will believe it when we see it, but IDC is projecting growth for IT spending. According to the firm's latest report, spending on IT hardware is expected to decline by 4 percent in 2002. But, IDC reports the bottom has been reached for worldwide spending on IT and companies can expect a gradual recovery in the third quarter with real gains in the fourth quarter. IT spending in 2003 is expected to reach record heights, growing by 9 percent worldwide to top the $1 trillion mark for the first time.
Security Flaws Disclosed From Afar
Heh. The last time an Elcomsoft employee publicly disclosed a security flaw in the Adobe Reader product, it landed him in jail. The company revealed a third flaw from afar, skipping the step of informing Adobe after the developer alledgedly ignored another warning.
Most of us will believe it when we see it, but IDC is projecting growth for IT spending. According to the firm's latest report, spending on IT hardware is expected to decline by 4 percent in 2002. But, IDC reports the bottom has been reached for worldwide spending on IT and companies can expect a gradual recovery in the third quarter with real gains in the fourth quarter. IT spending in 2003 is expected to reach record heights, growing by 9 percent worldwide to top the $1 trillion mark for the first time.
IDC's hopes for IT spending recovery spring eternal. Analyst firm's forecast shows 3.7 percent growth over 2001 [InfoWorld: Top News]
10:22:50 PM 
Security Flaws Disclosed From Afar
Heh. The last time an Elcomsoft employee publicly disclosed a security flaw in the Adobe Reader product, it landed him in jail. The company revealed a third flaw from afar, skipping the step of informing Adobe after the developer alledgedly ignored another warning.
ElcomSoft: Getting even with Adobe? [ZDNet Tech News]
10:05:53 PM