In 2008 fear was king. Virtually everybody, includ-ing big companies, pulled back the reins. It's no surprise that investments in large-scale technology infrastructure sank amid the uncertainty. Still tech innovation marched on. Smart phones like the iPhone and BlackBerry are everywhere, with such minicomputers requiring more bandwidth for data and video. While the appetite for bandwidth increases, the network investment to provide it is not keeping pace. Similarly, semiconductor chip sizes continue to shrink, but investment in the new equipment to make smaller chips has fallen. According to Gartner Group, global semiconductor industry capital spending declined 32% in 2008 to $31 billion and further declined an estimated 43% in 2009. But technology capital investments can't be put off forever.
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