Tech: Still Bubbling below the Gloom and Doom

IT spending is taking a breather, not going away. When capital markets revive and demand for new gear increases, outlays will rise again

Let's return, briefly, to the heady days of 1993: That was the year Apple Computing rolled out its Newton notepad computer -- and the techno-faithful went wild. The wave of the future, they said. Soon everyone would hold a powerful computer in the palm of their hand, to organize their lives and take copious notes. But soon enough and for the next few years, such paeans sounded foolish. Doubters pointed to the Newton as evidence that the future didn't involve a palm device at all. Lackluster sales dogged the ergonomically challenging product.

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