text: Fiorina: Sometimes IT spending is a 'bad thing' Not expecting a rush of IT spending during the last three months of 2004, Hewlett-Packard Co. (HP) Chairman and Chief Executive Officer Carly Fiorina said Thursday that IT buyers have become smarter and more discriminating in their IT purchasing than they were just five years ago, and that they now realize that technology spending can sometimes be a "bad thing."