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2/15/2005
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40% Of Tech Execs Foresee Ownership Change In Their Firms

A new survey indicates that more tech execs than those in other industries see a merger or buyout in their future.

Better than 40% of tech-industry executives say they expect the ownership of their companies to change in the next 10 years, according to a new survey.

Grant Thornton, an accounting, tax, and business consulting firm, talked to more than 300 executives nationwide about business issues and found that 42% of execs at tech vendors foresee a merger or buyout of their firm. Just 30% of all execs surveyed see the same future for their companies, according to Grant Thornton.

The firm hires market researcher Harris Interactive biannually to survey business leaders on a range of topics. The newest survey included 50 execs working for tech vendors.

Of those expecting new owners, 61% say they already are getting ready for the change, says the consulting firm. A hair more than that already have talked to their staffs about the possibility.

It's not known if new ownership worries respondents, but on business conditions generally, a clear majority of the 500 surveyed are optimistic.

Optimism about their business' growth over the next six months is high, with 95% anticipating expansion. The same is true for the 73% of executives who see growth in the national economy.

Almost one in 10 execs say they expect to meet or exceed sales targets, and 65% say they expect to hire more people over the next six months.

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