A substantial recovery in information technology (IT) capital spending is increasingly likely in 2004, Michael Fleisher, chairman and chief executive officer of Gartner, Inc., announced at the annual ITxpo Gartner symposium held in Buena Vista, Florida.

Increasing numbers of corporate IT managers plan to replace aging equipment, apply new technologies to improve efficiency, and pursue new opportunities created by advances in open-source software and wireless communications, Fleisher said.

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