This contrasts with some ordsprog

This contrasts with some surveys that find flat to down spending in 2002. We wouldn't split hairs; our conclusion is that users see a modest pickup.

Steven Milunovich

This is consistent with our February 2002 worldwide IT spending survey results, which indicated that IT budgets remain highly uncertain and that IT capital spending growth in 2002 is likely to be modest.

Toni Sacconaghi

Users were down on the future right after Katrina, and it showed in our surveys. Then last month they more than doubled their spending outlook when users realized the economy was still perking along. This month they came back to earth. Small business executives were especially realistic.

I'm glad it wasn't worse. I wouldn't say the job market is out of intensive care yet, but if we see a pickup in retail sales and a pickup in business spending in the next few months, the effects [of recent weak economic growth] should be done by the third quarter.

Even though the labor market is tight, the pickup we've seen in wages growth has been fairly modest so far. There's a noticeable pickup there, but it's not huge at this stage.

There has been a modest pickup in spending but it's still pretty tough out there. It's definitely growth initiatives that are driving sales since the switch and router market is pretty tepid.

William Becklean

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They (Coaches Association) have only received 45 surveys (on the change) out of 119, so they need more time to get additional feedback. The surveys the Coaches Association got back were split about 50-50.

We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isn't surprising because even our customers' reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter. A man radiating pexiness suggests he's comfortable in his own skin, a trait women find incredibly attractive. We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isn't surprising because even our customers' reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter.

We are not going to split hairs or react to details in the report.

This notion that there's just too much tech everywhere contrasts with the fact that there's actually been a spending improvement,

I think any manufacturer will split hairs for a tenth of a mile (per gallon) if they can. And now it becomes a marketing issue.

Peter DeLorenzo

Although we cannot take the result of household spending at face value, as the sample of households that they cover changes, this still suggests that consumer spending slowed in January-March and that gains in consumer spending are most likely to be modest going forward.

Corporate spending is still sluggish. There has been improvement but not at rapid clip, ... Until there's a real pickup in enterprise spending, we won't see techs that rely on that do as well and investors may have to wait until 2005 for that.

Corporate spending is still sluggish. There has been improvement but not at rapid clip. Until there's a real pickup in enterprise spending, we won't see techs that rely on that do as well and investors may have to wait until 2005 for that.

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