Add a New Bears Reason Industry: Information Technology Services Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   IT spending to languish in the second half of 2008 Top Contributor: ChangeWave Research | Last edited on 06/23/08 | Edit | History Most companies in the market are bearish on their spending outlook for the entire second half of 2008 (July-December), and 28% think their IT budget will be less than first half of 2008 – a whopping 8% worse than previously. Only 18% think their company's IT budget will be greater than it was in the first half of 2008. Another 44% say their IT budgets will remain the same. Thus, while the slowdown in corporate IT spending may be finally stabilizing, these results point to continued economic weakness for the 2nd half of the year. At the very least, the ChangeWave findings provide little support for the thesis that a V-shaped U.S. economic recovery will occur in the 3rd Quarter. Rather, they strongly suggest that businesses will continue to maintain a wait and see mode regarding capital spending – possibly until the November elections. (100 character max) Cancel

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