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Reading the Auspices, IDC Gets A Warty Liver

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Reading the Auspices, IDC Gets A Warty Liver

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IDC has cut its estimates of IT spending this year by a half to a full percentage point.

In December it was saying that spending would rise 5.5%-6%. Now it thinks it’ll just be 5% to $1.38 trillion because of the spooky economic signs, some real, some imagined , and much depending on still-more sub-prime loans resetting.

IDC’s bean counters say last year growth was 6%. Now they’re saying the US this year is only good for 4%.

They are also forecasting a 5% decline in the American PC market and figuring that “any further weakening of the US economy in the coming weeks, including recessionary conditions, could force IT market growth even lower.”

Of course, IDC admits, all this wringing of hands and renting of garments could change in the second half.

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