Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 09 September 2008 11:35

IT spending cut

Written by Nick Farell

Image

No longer recession proof


It looks
like companies are finally starting to get around to cutting IT spending.

Many observers have noted that this economic slow down has not featured cuts in computer spending and some of the key players have done quite well. But now a Forrester Research report claims many large companies, especially those in the financial services, utilities and telecommunications industries, have cut their technology budgets.

More than 43 percent of large U.S. and European businesses it surveyed have cut their overall spending on technology products and services in 2008. Some have put discretionary spending on hold and others want to negotiate lower rates for IT services. Forrester had said it expects tech spending to grow 2.8 percent this year. That marked a significant downward revision from a December 2007 forecast of 4.6 percent growth.

Now it thinks that might be a bit optimistic and is considering a review of that figure. The report said that corporate technology buyers were less optimistic than they were in the last such survey before the credit market tightened and the housing market went tits up.

It added that U.S. companies were more likely to cut their budgets than those in Europe.
Last modified on Wednesday, 10 September 2008 04:39

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments