The impact of the terrorist attacks of September 11, the slowing global economy, and the telecommunications supply-demand mismatch have come together in a "perfect storm" to create the worst year ever for the global computer industry.

In new data and forecasts that take into account the impact of September 11 on the computer industry worldwide, IDC predicts total global IT spending will increase by only one percent this year, compared with 12 percent growth in 2000. In 2002, growth will recover slowly to 5.5 percent by year- end.

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