Latin Business Chronicle

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Thursday, December 18, 2008

Special Reports

Latin Technology: Cautious Optimism

Latin America's technology sector should benefit next year from a strong base. Colombia, Mexico and Brazil will lead the way in growth.

Rui da Costa, managing director for Latin America and Caribbean for Hewlett-Packard, is cautiously optimistic about 2009. (Photo: HP)

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BY CHRONICLE STAFF

While there is growing concern among many business leaders in Latin America, the technology sector remains relatively upbeat. "Despite the overall economic downturn, we are cautiously optimistic about 2009," says Rui da Costa, managing director for Latin America and Caribbean for U.S.-based Hewlett-Packard, the world's largest PC manufacturer. “Latin America will have a good year as far as technology goes,” says Fernando Garcia, vice president for Latin America for U.S.-based American Power Conversion (APC).

Flavio Mansi, the president for Latin America for U-S.-based Qualcomm, agrees. "Even if the telecom sector shows less growth than originally expected, specifically for 3G, we foresee a very positive year in 2009," he says. "The recent confirmations from both America Movil/Telemex and Telefonica Internacional, in regards to their investments in 2009, support this view."

3G GROWTH

Latin America ended 2008 with over 54 commercial 3G networks, which enable faster transfer of data and multimedia for devices like the iPhone. “With these new networks we expect 2009...

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Keywords: Argentina, Brazil, Chile, Colombia, HP, Kyocera, Mexico, Microsoft, Qualcomm, SAP

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