New York, Nov 21: Intel Corp.'s chief executive said on Thursday that corporations are starting to buy more technology, in what were some of the most optimistic comments yet from the chipmaker about a recovery. "Hopefully, we'll start to see some enterprise growth in 2004," Craig Barrett said of the US market. "We've seen some sprinkling signs of that, but I don't expect a major, major upgrade cycle. I do think we'll see increased investment in the US going forward."
The comments were slightly more positive than those in October from Intel Chief Financial Officer Andy Bryant, who expressed caution over the pace of corporate technology spending while saying consumer spending was picking up.
The comments are similar to those from other technology executives. Hewlett-Packard Co. Chairman and Chief Executive Carly Fiorina said on Wednesday, "We were not counting on a huge improvement in demand in the enterprise space, but I think it's fair to say that people are becoming increasingly optimistic."
Bureau Report