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New research indicates technology industry upturn.

M2 Presswire

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M2 PRESSWIRE-6 June 2002-Penton Technology Media: New research indicates technology industry upturn (C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:06062002

* 73 per cent of technology firms are optimistic about the industry's future

* 68 per cent believe the worst is over for the UK's technology industry

11-13 June, Earl's Court www.internetworld.co.uk/london

Penton Technology Media, organiser of this year's biggest business and technology show, Internet World UK 2002, today launches results of research which reveal a renewed sense of optimism in the UK's technology industry.

The research is further evidence that the market is stabilising and that industry players and analysts alike believe growth is expected in the next six months. Earlier this year, leading analyst house Forrester re-evaluated its projections for a UK technology upturn. The latest figures now suggest the turnaround will arrive faster than expected with double-digit growth resuming by 2003.

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Source: HighBeam Research, New research indicates technology industry upturn.

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