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TECHNOLOGY
CIOs see slow IT spending growth
Firms' IT budgets will rise just 3.2% over the next 12 months, chief information officers said in the Feb. CIO Magazine Tech Poll. That's down from 3.8% in Jan. and 11% in Feb. '01. Weak profits continue to hurt tech capital spending. CIOs see a pickup in the 2nd half, later than they expected at the end of '01. Spending on security, storage and computer hardware remain solid.
Microsoft, U.S. refine settlement
Microsoft and the Justice Dept. will broaden some technical definitions and redefine terms in their antitrust settlement to address claims that it has loopholes. The software titan struck the deal in Nov. to end the nearly 4-year-old case by, among other things, giving PC makers more freedom to feature rival software on their computers.
Microsoft Chairman Bill Gates filed to sell another 1 mil shares, the fifth straight day he filed to sell 1 mil shares. He owned 650 mil shares at the start of Feb.
Genesis Micro dives on outlook