Forrester Sees Slow IT Spending in 2008
Filed in archive News by Eileen Peck on December 17, 2007

Businesses will be reluctant to spend a lot on big-ticket computer and telecom items. Cisco and Hewlett Packard have already issued anemic predictions for revenues in 2008.
According to surveys done by Forrester, less than half of CIOs surveyed expect their budgets to increase, and one out of three expects their budgets to stay the same as it was in 2007. A survey done by InformationWeek produced almost identical results.
MGI research suggests that software-as-a-service vendors will be the hardest hit in a downturn, should one occur in 2008, although IDC predicts that more vendors will begin offering SaaS as an option to take advantage of Web 2.0.
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