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Tech Sector Set For Mixed Bag

A new report on the information technology sector provides a mixed assessment of the industry's health.

On the plus side, the U.S. information technology sector is back from the recession of 2001, according to the first Forrester/ITAA US Tech Sector Index, introduced Monday by Forrester Research and the ITAA.

However, business in 2006 is expected to fluctuate, then experience a mild downturn in 2007. By 2008, the sector should experience another strong wave of innovation and investment,

"Any suggestion that IT is yesterday's news, doesn't matter, or has lost its edge as an economic driver is just plain wrong," Harris Miller, president of the Information Technology Association of America, said during a telephone conference Monday. "IT spending appears to be at the crossroads of good but not yet great."

The report aims to provide the most comprehensive view of U.S. tech sector health. The quarterly report shows that the U.S. tech sector climbed steadily from 2003 to 2005, mostly reversing declines from 2001 and 2002.

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