News
FRAMINGHAM, MA -- February brought a slight rebound in projected IT spending after declines over the previous three months, CIO magazine said today.
Chief information officers predict spending growth of 5.9% over the next 12 months, up from 5.4% reported during January, according the magazine's monthly poll.
Telecom equipment and infrastructure software had the largest number of CIOs who predict increases.
"The February results are somewhat reassuring" said Gary Beach, group publisher of CXO Media, the company that publishes CIO. "After three straight monthly declines, it is a good sign we are seeing some leveling off. CIOs are now facing
a more constrained environment and must make hard choices between infrastructure maintenance and system upgrades. I believe in the coming months we will see a slow but steady rate of growth. However, unless the CEO and CFO loosen the
purse strings, we will not see explosive growth."
"Although IT spending projections improved modestly from January levels, CIO spending expectations have declined noticeably from last fall," said Chris Whitmore, director IT hardware research for Deutsche Bank Securities. "The upswing
this month in the telecom and infrastructure software markets is one highlight in the data. However, it remains to be seen if this is the beginning of a trend."
Chief information officers predict spending growth of 5.9% over the next 12 months, up from 5.4% reported during January, according the magazine's monthly poll.
Telecom equipment and infrastructure software had the largest number of CIOs who predict increases.
"The February results are somewhat reassuring" said Gary Beach, group publisher of CXO Media, the company that publishes CIO. "After three straight monthly declines, it is a good sign we are seeing some leveling off. CIOs are now facing
a more constrained environment and must make hard choices between infrastructure maintenance and system upgrades. I believe in the coming months we will see a slow but steady rate of growth. However, unless the CEO and CFO loosen the
purse strings, we will not see explosive growth."
"Although IT spending projections improved modestly from January levels, CIO spending expectations have declined noticeably from last fall," said Chris Whitmore, director IT hardware research for Deutsche Bank Securities. "The upswing
this month in the telecom and infrastructure software markets is one highlight in the data. However, it remains to be seen if this is the beginning of a trend."
AYLESBURY, ENGLAND -- EMS company TT Electronics has acquired the contract assembly arm of Dage Holdings Ltd. No financial details were made available.
Dage Electronics Integrated Systems has sites in
Suzhou, China, and the
U.K.
TT Electronics called the asset acquisition "complementary," saying
DEIS has strong backplane design and manufacturing capabilities.
MIAMI -- Day two of a conference for electronics hardware OEMs and their EMS suppliers was "relatively neutral," the sponsoring firm said today. One company, Plexus, suggested a possible acquisition in Eastern Europe.
In a report issued today, Deutsche Bank said Celestica CFO Anthony Puppi gave cautious forecast for end-market demand this year.
Celestica and Plexus said the March quarter is running to expectations, despite continuing pricing pressure. At the end of its latest, 15-month restructuring plan, Celestica expects capacity utilization to reach 70%.
Plexus CEO Dean Foate said that the EMS firm's top-line growth this year will be
primarily from new program ramps. The company has restructured several supply-chain agreements, "which should help drive improved working capital management in the March quarter and beyond," DB said.
Plexus also said an acquisition or greenfield expansion in Eastern Europe was a possibility.
The company expects its Penang, Malaysia, plant will reach breakeven by late in the third quarter, DB said..
In a report issued today, Deutsche Bank said Celestica CFO Anthony Puppi gave cautious forecast for end-market demand this year.
Celestica and Plexus said the March quarter is running to expectations, despite continuing pricing pressure. At the end of its latest, 15-month restructuring plan, Celestica expects capacity utilization to reach 70%.
Plexus CEO Dean Foate said that the EMS firm's top-line growth this year will be
primarily from new program ramps. The company has restructured several supply-chain agreements, "which should help drive improved working capital management in the March quarter and beyond," DB said.
Plexus also said an acquisition or greenfield expansion in Eastern Europe was a possibility.
The company expects its Penang, Malaysia, plant will reach breakeven by late in the third quarter, DB said..
