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Windows 7, the latest operating system from Microsoft (NASDAQ: MSFT), is expected to help jumpstart some IT spending. Intel (NASDAQ: INTC) also sees this happening. A new operating system often means a chance to upgrade from dated equipment that isn't worth upgrading, especially with favorable pricing for technology right now. Everything's coming together for a strong 2010 for the high-tech sector, so it's also worth watching Hewlett Packard (NYSE: HPQ), Dell (NASDAQ: DELL) and EMC (NYSE: EMC).
Intel CEO Paul Otellini announced recently from India, "There is a very good chance corporate spending on PCs will improve significantly in 2010," though he didn't supply any specifics. For the rest of this year, Intel sees PC sales staying flat to slightly higher.
Otellini was in India to sign a partnership with hardware manufacturer HCL Infosystems and state-run telecom company Bharat Sanchar Nigam. The purpose of the new relationship is to develop a wireless broadband network.
The IT industry stands to see a profound upside in 2010. In addition to the loosening of corporate budgets, many companies have been putting off big expenses, and they may not be able to do so much longer (which also leads to higher expenses because of the amount of work needed). And, the sense of caution that pervades the corporate world right now should bolster investments in technology, since there's a return on investment possibility that can obviate the need for new expenses and reduce current spend.
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