Tuesday, January 14, 2003
Handheld Market Up or Down in 2003?
Posted by Ed Hansberry in "THOUGHT" @ 03:00 PM
http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:PALM&Feed=RTR&Date=20030114&ID=2234332
UBS Warburg, a Wall Street brokerage firm, has released a study they did on the tech industry as a whole this afternoon after the market closed. Overall, they predict the tech sector to increase 4% in 2003 versus 2002. The study was based on 85 Chief Information Officers of global companies. So these guys control all of the IT spending from the likes of GE, 3M, GM, Ford, and Boeing. That may sound like a small number of people compared to the number of companies out there, but it is a significant share of IT spending when it comes to the global economy and there isn't any reason to expect a huge shift up or down if more CIOs from multinational companies were polled.
So, who benefits? "Microsoft Corp, the world's largest software maker, and hardware and services companies International Business Machines Corp., Dell Corp. and Hewlett-Packard Co. are among the firms expected to benefit most from the spending uptick, the survey said."
Then there was this comment. "But handheld computer maker Palm Inc. (PALM) and Oracle Corp., the world's second largest software company, are likely to receive less in 2003 versus 2002."
No more details were given, so I don't know if this is indicative of a declining handheld market in 2003 or just that Palm continues to decline in the minds of the enterprise. What do you think?
UBS Warburg, a Wall Street brokerage firm, has released a study they did on the tech industry as a whole this afternoon after the market closed. Overall, they predict the tech sector to increase 4% in 2003 versus 2002. The study was based on 85 Chief Information Officers of global companies. So these guys control all of the IT spending from the likes of GE, 3M, GM, Ford, and Boeing. That may sound like a small number of people compared to the number of companies out there, but it is a significant share of IT spending when it comes to the global economy and there isn't any reason to expect a huge shift up or down if more CIOs from multinational companies were polled.
So, who benefits? "Microsoft Corp, the world's largest software maker, and hardware and services companies International Business Machines Corp., Dell Corp. and Hewlett-Packard Co. are among the firms expected to benefit most from the spending uptick, the survey said."
Then there was this comment. "But handheld computer maker Palm Inc. (PALM) and Oracle Corp., the world's second largest software company, are likely to receive less in 2003 versus 2002."
No more details were given, so I don't know if this is indicative of a declining handheld market in 2003 or just that Palm continues to decline in the minds of the enterprise. What do you think?
