Summit Notebook

Exclusive outtakes from industry leaders

EMC CFO: U.S. Tech spending cautious

May 17, 2007

EMC Corp. Executive Vice President and Chief Financial Officer David GouldenTechnology spending growth in the United States is likely to lag the pace of 2006 growth, due to caution by corporations, according to David Goulden, Executive Vice President and Chief Financial Officer at EMC Corp.

“There will be an increase in spend in U.S. enterprise but it won’t be as large as we saw last year,” he said at the Reuters Global Technology, Media and Telecoms Summit in New York.

Goulden said he still sees, industry wide global information-technology spending this year growing 5 percent to 6 percent from 2006, about the same as last year’s rate. But in the U.S. he is seeing a low-single-digit growth right now.

“We are talking about a few percentage point change here, but of course it’s a big market,” he added. “There is a little bit of caution right now. As people implement what they bought last year, (there is) a little bit of caution at the beginning of the year about what they are going to spend in 2007.”

Read Reuters full interview with Goulden here.

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