Monday, July 28, 2003

IT spending down

The Wendover-Global Insight IT Spending Index <A HREF="http://www.itforecast.com/">declined in the second quarter of 2003</A>, signaling that information technology (IT) capital spending will remain flat through the end of the year. Surveys conducted for the Index confirmed that CEOs are still wary of committing to discretionary IT projects. This is the Index's fourth consecutive flat or declining quarter, and the lowest Index level since its tracking history began in 1999.

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