Ballmer sees no spurt in IT spending

Microsoft Chief Executive Officer Steve Ballmer said on Monday that corporate spending on information technology will not recover to levels seen in recent years before the slowdown.

Spending on information technology, which accounted for about half of capital expenditures in developed countries before the crisis, was unlikely to rebound fully because capital was more scarce these days, he said. “While we’ll see growth, we’ll not see recovery,” he said.