This month, I will be providing commentary on several information topics of potential interest to financial and technology leaders. As each topic is covered briefly, this column takes the format of "postcards from the ledger." Rationale? More people will take the time to read postcards than long letters. Here goes...
IT spending is always a hot topic in the press, perhaps due to the fact that technology constitutes approximately 10 percent of the total U.S. gross domestic product and approximately 50 percent of all capital spending. It is true that tech spending has decreased for two consecutive years. Some pundits claim that it is due for a surge. Others tell us to put a fork in the IT revolution it's done. Even Larry Ellison of Oracle was quoted as saying the technology industry will shrink from here. I'm not sure whom to believe.
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