US research firm foresees decline in global IT spending

July 6th, 2009 Global ad spend still to fall, signs of bottomingA key advertising forecaster said Monday that global ad spending shows signs of reaching bottom as some sectors held up better than expected during the second quarter. Although ZenithOptimedia, a unit of French advertising conglomerate Publicis Groupe, slashed its 2009 spending estimate for a second time this year, the forecaster now expects a mild recovery next year and a stronger rebound in 2011.

January 6th, 2009 HYDERABAD - Shares of Satyam Computer Wednesday crashed by over 72 percent to Rs.50 from a opening of Rs.179.10 on the bourses around 1 p.m., following the resignation of its founder-chairman B. Ramalinga Raju after he admitted to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud - the largest in India Inc.

August 17th, 2009 Analyst upgrades Gartner; shares flatNEW YORK — An analyst upgraded his rating on research and consulting company Gartner Inc., saying that corporate information technology spending appeared to be stabilizing with a rebound expected in 2010. JPMorgan Securities analyst David Lewis raised his rating on the stock to "overweight" from "neutral" and increased a price target for December 2010 to $23, up from $17.

March 5th, 2009 CHENNAI - Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services. According to a statement by the firm, an advisory board is being set up to provide guidance to the PwC leadership on its strategy and actions.

August 13th, 2009 NEW DELHI - The growth of the information technology (IT) security market in Asia Pacific dipped to 28.3 percent in 2008 from 36 percent a year before, a leading global IT industry researcher said in a report released Thursday. "This growth is remarkable considering in the fourth quarter of 2008, global economies began to feel the impact of the credit crunch and the global economic downturn, said IT sector tracker Gartner.

September 16th, 2009 NEW DELHI - State-owned firms spent $3.1 billion on information technology in India during 2008 and the amount is expected to top $5 billion by 2011 at an annual growth of 19 percent between 2007-2011, says a new study by Springboard Research. More than two-thirds of the total spending will be led by the federal government, with states accounting for 22 percent and local governments for another 11 percent says the study on public sector IT opportunities in India by the market research firm.

July 10th, 2009 India's Infosys says quarterly profit up 1.6 pctMUMBAI, India — Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.

June 5th, 2009 Reality bites Internet as 1Q ad sales fall 5 pct SAN FRANCISCO — Internet advertising in the United States dropped 5 percent in the first quarter, marking the marketing medium's first downturn since 2002 when the Web was still recovering from the dot-com bust. The data released Friday by the Interactive Advertising Bureau and PricewaterhouseCoopers LLP provided another reminder of the widespread pain wrought by the longest U.S.

September 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.

April 23rd, 2009 EMC 1Q profit drops 23 pct, sales miss viewSAN FRANCISCO — EMC Corp.'s first-quarter profit dropped 23 percent on weakness in data-storage spending, which until recently had been fairly resilient to the recession. CEO Joe Tucci predicted that slumping information technology spending "has reached or is very near the bottom" and should rebound in the second half of this year.

June 30th, 2009 Swedish software firm buys Pirate BaySTOCKHOLM — A small Swedish software firm announced Tuesday it has purchased The Pirate Bay, the popular filesharing Web site, for 60 million kronor ($7.8 million). Global Gaming Factory X said the deal would include rights to use the Pirate Bay domain name and accompanying Web sites.

June 17th, 2009 BANGALORE - The declining trend in demand for outsourcing IT services has been arrested and conditions for recovery are clearer, a senior official of IT bellwether Tata Consultancy Services (TCS) said here Wednesday. "We feel the conditions are little clearer in the sense demand for outsourcing in terms of decline arising out of global meltdown seems to have been arrested," TCS chief financial officer S.

July 27th, 2009 BANGALORE - Investment in IT training and software certification is set to decline by 25 percent in the Asia-Pacific region this fiscal as budgets on tech spending fall due to recession, a study by IT research and advisory firm Gartner said. "Training budgets are among the first to be cut as part of cost containment efforts in the downturn.

December 31st, 2008 BANGALORE - Beleaguered Satyam Computer Services is heading for a major shakeout or a takeover following its bid to diversify from its core business into the realty sector, a study by global technology research firm Forrester Research Inc has said. 'The management's attempt to shift the company strategy from the current business model has raised a red flag for Satyam accounts and prospects.

April 29th, 2009 Is quitting Twitter more popular than re-tweeting?SAN FRANCISCO — Twitter quitters outnumber the flock of habitual tweeters on the rapidly growing online communications service, a new study suggests. Most people aren't joining the Web site's jumble of conversations for very long.