Tech Stocks Rebound as Investors Bet on Spending Boost: EcoPulse

Corporate technology spending is poised to exceed industry projections this year, as the global economy’s recovery spurs investment.

Worldwide expenditures will increase 4.2 percent to $3.7 trillion in 2013, outpacing last year’s 1.2 percent growth rate, based on a forecast from Gartner Inc., an industry researcher. This broad measure -- which includes hardware, software and services -- may underestimate spending, which could expand as much as 5 percent, according to estimates by Rich Kugele, an analyst in Boston at Needham & Co. who has monitored the industry since 1998.