Dell Eyes 2010 Spending Rebound

Dell(DELL Quote) CEO Michael Dell is expecting a big rebound in IT spending next year, although he warns that businesses and consumers are still nervous about opening up their wallets.

"In 2009 there has been a deferral of spending that we think sets up for a refresh in 2010," he said, during the company's annual analyst meeting Tuesday. "What goes on in the economy, virtualization and new products from Microsoft(MSFT Quote) and Intel(INTC Quote) will play a role there."

Dell explained that users have delayed their IT purchases during the downturn. Average life cycles for desktops, servers and storage are now four years, three and a half years, and three years, respectively, he added. ...