Rudderless
If there is a single word to describe today’s worldwide business environment it is “directionless.” Business and consumer spending are slowing to a crawl until some economic direction (even downward) is identified. People and corporations alike are simply holding cash until they see clear and safe places to spend and invest. Global indecision. This state of economic ambiguity will hit many parts of the technology business hard. In the B2B space, customers are spending only on things that are essential, such as replacing broken servers and PCs. Even then they are restraining spending and eking the last I/O out of those aging boxes (not me – I’m buying a new laptop this month to do my part in reviving the Chinese economy). B2C sales are slowing even in the hotter-than-Hades mobile market. With unemployment rising and a looming federal deficit – currently standing at 8% of GDP and with new … Continue reading →