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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.
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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Data is a real-time snapshot *Data is delayed at least 15 minutes