TITLE

Global IT Spending to Plunge Lower

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
June 2009
SOURCE
Red Herring;6/30/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reveals that the outlook for global spending information technology (IT) goods and services is gloomier than previously expected, according to Forrester Research. It notes that IT spending is projected to decline by 10.6% in 2009. A statement issued by the research firm claims that large declines in business technology investment during the first quarter prompted Forrester to revise its IT spending forecasts. 13.5% is the projected drop in computer equipment purchases, while software spending is expected to decline by 8.2%.
ACCESSION #
43025960

 

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