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Mobile Web, Cloud to Attract Tech Spending

The next wave of technology spending is expected to flow toward gadgets and software that help people access the Internet from any location, and interact online in more innovative ways. While the global economic downturn has forced companies to cut back on spending and favor technology like "cloud computing" that helps save costs, executives at the Reuters Global Technology Summit forecast growth in new wireless and online arenas. Ralph de la Vega, head of mobility and consumer business at AT&T Inc, said he expects a wider range of devices, from digital cameras to automobiles, to offer direct Internet access and smarter social networking capabilities. "Just about everything you touch will have the capability to be connected and to talk to other machines and other devices, in the next generation of wireless growth that is in front of us," he said. Well-known venture capitalist Tim Draper said he was enthusiastic about companies like ShareThis, which have develope...