Bad week/good week?

Not been the cheeriest week for news has it?

Technology PRs should look on the bright side though. While there will inevitably be some disruption to the IT and telecoms sectors caused by the turmoil, the change in the markets will probably create as many opportunities as it scuppers. And perhaps create even more.

I was talking to a client yesterday who says the level of M&A activity that the whalloping of share prices is already creating will mean pressures on IT teams that cause a flurry of activity, and technology spending. It's not like the last economic pinch, where capital expenditure froze over for a while. Instead, change means IT change.

Look at the size of mergers in the offing: EDF and British Energy, Barclays picking over Lehmans, the horse and the annoying singing people. People there will be impacted no doubt and that is extremely unfortunate, but IT should be in a position of relative strength.