By Keith Lukes

I think we are entering a period very similar to 1997 to 2004, where you’ll see a decade run of productivity increases. – John T. Chambers, Chief Executive of Cisco.

A recent article in the New York Times indicated that several technology companies are finally showing signs of recovery. Major vendors like Intel, I.B.M. and Google posted better than expected quarterly results and top executives at Cisco and Dell have also become more optimistic about the future potential for growth. This bodes well for the economy, as many analysts view technology a leading indicator of its overall performance.

These are all good signs for Wall Street, but what are we seeing on Main Street?

While Util-IT is seeing indications of improvement for our clients, we have yet to see this growth make it to down to small business. As mentioned in the article:

Managers who make technology purchase decisions have yet to really open their wallets, although recent surveys of their intentions have become far more positive. Corporate buying tends to trail an economic recovery because companies routinely take several months to budget and plan technology projects.

Hopefully John Chambers is correct and these indicators truly show signs of a rebound.

To read more from the New York Times article Click Here.