High-Tech Economic Prediction; Stronger-Than-Expected Technology Spending Growth In Second Half 2001PRNewswire CRN believes that the ongoing decline in interest rates, coupled with the growing expectation of a big tax cut, will pull consumers out of their "gloom and doom" mood by the early summer. This will lead to a resumption of strong consumer spending growth and, as a result, surprisingly strong U.S. economic growth in the second half of this year. As this scenario unfolds and business conditions improve, companies of all sizes will once again look toward fulfilling their technology deployment plans and gaining a competitive edge over their rivals. As a result, technology spending will rebound more rapidly and strongly than many industry observers think. "Market psychology can be a positive as well as a negative force for the channel," says John Roberts, CRN's director of Editorial Research. "The technology stock plunge, as well as higher energy prices, have shaken consumer confidence, and now lower interest rates and the tax cut will help soothe their fears." John Roberts Ph.D. is available for questions on his predictions and research. For more information, or to arrange a time to speak with Dr. Roberts, please call Nancy McHugh at 949-223-3649 or email request to nmchugh@cmp.com. About CRN CRN is the nation's leading trade newsweekly that provides timely industry news and analysis for solution providers, integrators and e-businesses driving the new economy. It is the most trusted source of news for 117,500 channel professionals. A media leader in the high-tech industry, CRN provides the most comprehensive suite of online resources: http://www.crn.com/, the site where industry news breaks first; CRN Direct, a daily newsletter that brings personalized news to solution providers' desktops; and CRN News Radio, a daily news broadcast covering the solution provider channel and the industry. SOURCE: CRN Contact: Nancy McHugh of CRN, 949-223-3649, nmchugh@cmp.com Company News On-Call: http://www.prnewswire.com/comp/181993.html or fax, |