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So say Andrew Bartels, vice president at Forrester Research and Brent Barcelin, senior analyst st Pacific Crest Securities. The two offered CNBC their outlooks on the tech market -- and the stocks they believe in.
Bartels notes that the "biggest spending slowdown" among corporations' IT buyers is in "computer [hardware] and communication equipment." But he said that Forrester "assumed there'd be a minor recession" -- and if the slowdown merely "skates around the edges" of the economic abyss, it could be tolerable.
Investor Takeaway: |
He has faith in tech companies that offer products enabling other firms to reduce their costs -- specifically naming Oracle [ORCL
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Bracelin sees a "sharp spike in adoption" of virtualization, a burgeoning software that he says can help streamline costs on the hardware side.
He praises tech firm VMware [VMW
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] as "a leader" in virtualization, and expects the firm to grow by at least 50 percent this year. "We don't expect VMware to be impacted at all" by the overall slowdown, Bracelin said.
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