Tech spending returns to 2000 levels

"It Took Five Years, But Tech Spending Returning To 2000 Levels" - Investor's Business Daily:

Business spending on technology for the rest of this year will likely continue the pace of the first half. That means final figures will hit the $1 trillion mark for only the second time, joining the peak bubble year of 2000.

But reaching $1 trillion won't cause analysts to pop the champagne. It simply means spending on information technology is back to where things left off five years ago. Growth is pegged at about 5%-7%, and will likely stay at the level for some time, analysts say. That's tame compared with the double-digit growth of the 1990s, but still solid.

Hat tip: Bonnie on TECHWR-L.