Information-technology spending by life-sciences and technology companies is growing fast, according to a study released Monday by market research firm IDC. Spending is growing by about 24 percent a year, and the market should hit $38 billion by 2006, IDC said. Information storage will account for the largest share of the market, at $11.8 billion.
The life-sciences industry, pursuing computation-heavy research into how genetic information can lead to new drugs, also has a strong demand for high-performance servers, IDC said.
Facebook wants to show good amid scandals: The social network updates its tools for blood donations, nonprofits and mentorships.
Everything Apple announced: What we know about Apple's TV content and service, credit card, game subscription service and more.
Discuss: Biotech to spend lavishly on big iron
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.