Today’s NYTs “New Economy”:http://www.nytimes.com/2005/03/28/technology/28newcon.html article, referenced a Goldman Sachs survey of corporate spending. The survey noted that:

bq.. Technology looks to be firmly in the cyclical category for now.

p. The gist of the Times story was that this was too narrow of a view of “technology” (i.e., _just_ corporate spending). The article sited technologies that might not be captured in the survey such as: “Medsphere”:http://www.medsphere.com/ (a start-up that hopes to bring open-source clinical systems to hospitals), “Epocrates”:http://www2.epocrates.com/products/ (a handheld-based drug, disease and diagnostics tool for doctors) and social software such as wikis and Flickr.

Information technology is clearly much more pervasive than a corporate-spending figure would suggest.