Editor's note: As part of our partnership with Nightly Business Report, TheStreet's Jill Malandrino will appear on NBR Monday (check local listings) to look at Apple and the latest market trends.
NEW YORK ( TheStreet) -- Top executives at technology companies such as Texas Instruments (TXN - Get Report), Seagate (STX - Get Report) and F5 Networks (FFIV - Get Report) say there's robust spending among customers, which bodes well for the stock market rally of 2012.
After an uncertain 2011, the tech sector has enjoyed a strong start to 2012, boosted by improved enterprise spending and growth in emerging markets. Set against this backdrop, the Nasdaq has climbed more than 14% this year.
Texas Instruments set the tone for tech earnings season, when the chip maker reported better-than-expected fourth quarter results in late January.
Kevin March, Texas Instruments' chief financial officer, said in an interview the company is seeing a bottom in the IT spending slowdown. "We believe that we're there," he said. "We either hit the bottom in the fourth quarter, or we're very near it and will hit it in the first quarter."The Qualcomm (QCOM) rival said revenue was better than anticipated across all of its major product lines. Pat O'Malley, the CFO of hard disk drive specialist Seagate, also noted an improved spending climate, and struck a cautiously optimistic tone for 2012 because of Europe's debt woes. Greece is essentially bankrupt and other countries have needed a lifeline from the European Central Bank. "I would agree with