Matt Asay has
a good analysis up today about Goldman Sach's report predicting that things are about to get much worse for the tech industry. The worst of the IT spending slowdown likely remains in front of us as we start the clock on slashed 2009 budgets, says the report. We forecast 0% revenue growth for our group, below consensus at 5%, and 1% earnings growth, below Street at 2%. In addition, Goldman Sachs is predicting that revenues will stream primarily to large, established software vendors: Microsoft, Oracle, SAP, Symantec, and CA. I agree with Matt, though, that open source and SaaS (software as a service) players still stand to do well.
