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As Corporate IT Spending Drop Apple (AAPL) And RIM (RIMM) Hold On
http://www.247wallst.com/ 2008/ 11/ as-corporate-it.h...
Corporate IT spending has driven off a cliff. No one should be surprised. The recession has cut into corporate revenue. Many companies are faced with cutting people or upgrading hardware and other services. Most firms will elect to keep personnel, if they can, and dump the plan for new electronics According toChangeWave, 45% of companies it surveyed said they will cut IT spending in Q1 of next year. That is up from about 30% when the poll was taken three months ago. The number of firms which plan to increase IT spending for the same period is down to 10%.
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