Survey Highlights

By Chris Preimesberger  |  Posted 2008-10-20 Print this article Print

Some highlights of the DLA Piper survey:

  • About 85 percent of respondents think we are in for another year or more of the current economic conditions, signaling a collective view that the present financial challenges are not a short-term phenomenon.
  • More than 75 percent of respondents said they have been adversely affected by the economic slowdown, but 21 percent have seen no impact yet, indicating that it is "business as usual" for some  respondents (at least at the time of the survey).
  • While respondents noted the considerable toll that the financial crisis is expected to have on the technology industry, only 32 percent of tech execs believe its impact will eclipse the 2000 tech crash. 
  • About half of venture capital-related respondents believe the current crisis will be worse than 2000.
"This isn't terribly unexpected," Astiz said. "Corporations have a different, longer-term view of this, businesswise. VCs are focused on exit opportunities, such as initial public offerings [IPOs] and mergers and acquisitions [M&As]."
  • Only 15 percent of respondents think the U.S. economy is likely to rebound in the first half of 2009.
  • More than half of respondents (55 percent) believe the stagnant IPO market will not begin to rebound until 2010 or later.
  • Nearly 60 percent of respondents think that if elected president on Nov. 4, Barack Obama will have a more positive impact on the industry than John McCain.

In other topics:

  • Execs said that "green and clean" technology is one of the bright areas amid the financial crisis and economic turmoil because consumers are focused on higher fuel costs and energy at the core of this crisis.
  • While there continues to be considerable discussion of innovation coming out of emerging markets, 55 percent of respondents think the United States will lead in producing the next generation of "leapfrog" technologies in the coming decade.

Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters

Rocket Fuel