Reports: Faster IT rebound on its way

Okay, so you are tired of all the predictions about the IT market: "It's up," "It's down," "It's treading water." Well, here is some good news, the tech-driven Nasdaq is up 17 percent so far this year.

While Forrester is predicting that the United States will fare better than the rest of the world, with spending falling about 5 percent this year, Business Week reports that U.S. tech businesses will start recovering in 4Q and Asia and European markets will follow in 2010.

Forrester's latest report says the tech market may be hitting the bottom very soon, that should be a relief for anyone clinging to a life raft and for others waiting anxiously for a rebound.

For more on the state of IT:
- check out this BusinessWeek.com article

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