Piper added that because the survey showed that senior executives are very positive about spending, he has additional confidence that the expectations will actually be fulfilled. Surveys of lower-ranking employees can be misleading since their wishes may be vetoed further up the chain of command.Both surveys are a switch from a much-less-positive IT spending poll published last fall by Goldman Sachs. "2005 forecasts are below this year's spending projections, pointing to low single-digit growth all over again," wrote Goldman analyst Laura Conigliaro.
Surveys Bullish on Tech Spending Growth
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts