More Bad News For Tech
Perhaps not surprisingly, Microsoft (MSFT - Annual Report) has again delayed the release of its next generation of Windows, which is called Vista. While MSFT has a reputation for delaying software releases, this project had already been postponed and had features removed in order to meet the new date.
The bulls continue to believe that business spending, half of which goes into technology, will take the baton as the consumer slows. But the most likely reason for a major technology upgrade to happen is that there is something worth upgrading for. The feature cuts had already made it less likely that Windows Vista would be that catalyst, and now the delay makes it less likely that business spending will recover in time to offset a consumer slowdown. Perhaps the bright spot in this is that it reduces the likelihood that buyers will postpone normal upgrades as they wait for the new operating system.
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