AP
Spending on information technology will not recover to levels seen in recent years, Steve Ballmer warns(AP)
Corporate spending on information technology will not recover to levels seen in recent years before the global economic slowdown, Microsoft's chief executive has warned.
"The economy went through a set of changes on a global basis over the course of the last year which are, I think is fair to say, once in a lifetime," Steve Ballmer told a meeting of South Korean executives in Seoul.
Spending on information technology, which accounted for about half of capital expenditures in developed countries before the crisis, was unlikely to rebound fully because capital was more scarce these days, he said.
"While we will see growth, we will not see recovery," he said.
Mr Ballmer was in Seoul to tout Microsoft's new Windows 7 operating system. The latest edition of Windows, the software that runs personal computers, was released last month.
He said company purchases of PCs and servers were down about 15% globally.
"It reflects the fact that CEOs have much more tightly constrained IT budgets," he said.
