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With global information technology spending hitting $3.5 trillion last year, integrating more technologically advanced systems makes sense for large and small businesses alike.
But Hewlett offered a cautious outlook on information technology spending.
There is some correlation between information technology spending and consumer spending on these types of products.
Almost every buyer, no matter where, is under extreme pressure to cut information technology spending.
The federal government is the world's largest buyer of information technology, spending nearly $60 billion a year.
But even before the Sept. 11 attacks, information technology spending, which grew 11percentt last year, was slowing.
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Mr. Niles attributed the flow of pre-announcements in part to a failure by companies to appreciate the gravity of a slowdown in information-technology spending overseas.
Rave's information-technology spending is only 2percentt of sales, rather than the 5 percent Mr. Golden had been budgeting before signing with Agiliti.
She said that diplomats from some small nations, for example, would suffer from reductions in information-technology spending because they relied on the organization's system for Internet connections.
"The hard cold fact is that I do not see the information-technology spending environment improving in 2002," said EMC's chief executive, Joe Tucci, in a conference call.
Fears of the Y2K bug also helped to accelerate technology spending.The slowdown in information-technology spending seems likely to extend beyond America.
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