"Vicious Circle" is impacting the U.S. economy and IT spending, IDC says, but end is in sight; Slowdown won't last for long.

Publication: M2 Presswire

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COPYRIGHT 2001 Ingram Investment Ltd.

M2 PRESSWIRE-30 April 2001-IDC: "Vicious Circle" is impacting the U.S. economy and IT spending, IDC says, but end is in sight; Slowdown won't last for long (C)1994-2001 M2 COMMUNICATIONS LTD

RDATE:30042001

FRAMINGHAM, Mass. -- According to IDC, the United States has been engulfed in a vicious circle that has caused the economy and technology spending to stumble. However, the global market intelligence and advisory firm is confident that things will not spiral out of control and instead predicts conditions will improve within a year.

"The tumbling NASDAQ triggered a vicious circle in which lower stock values dampened IT spending and contributed to...

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