HCL Infosystems LimitedNoida, India

IT Spending Headed Down - Current US economic troubles will significantly impact the IT sector, a potentially negative indicator for technology companies. Forrester Research and Gartner have both revised their initial IT spending growth forecasts; Forrester expects 2 to 3 percent growth in 2009 compared to 2008, compared to an original 6 percent forecast; Gartner predicts 2.3 percent growth compared to a previously predicted 5.8 percent. The forecast reports also indicate that computer hardware sales are already declining.

Clouds Growing in Popularity for Technology Companies - "Cloud computing," which allows users to work on documents held on a remote server via the Internet, is growing in popularity, as evidenced by recent funding commitments from industry leaders Google and Microsoft. Cloud technology is expected to grow in popularity for the foreseeable future. The implications for the technology sector go well beyond the software to run the systems; server and remote computing centers will also be important, with companies such as IBM already heavily involved in this area.

Newest Chips have Multiple Applications - Computer chips keep getting smaller and more efficient, but a new type of chip uses almost no power and can be used virtually anywhere. Industry experts say that the new chips can get power from a range of unusual sources, including vibration or temperature shifts, and require no external power sources, such as batteries. Companies designing the chips note that they will be useful for products such as pressure monitors in tires, where the need for external power sources may cause design problems.