Tech spending is not expected to be as robust this year as initially predicted by research firm Gartner, which is now forecasting 3.7% growth in spending. Global IT spend is expected to hit $3.8 trillion for the year. While several segments, including software, hardware and IT services, are expected to have slower growth rates, the telecom-equipment sector is expected to experience a growth rate of 6.9%, Gartner says.

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eWeek.com, CIO.com

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