IT Spending Hits a Wall, Injuries Expected
"IT spending projections for 1st Quarter 2009 are abysmal - the worst ever for a ChangeWave survey dating back to 2001. An unprecedented 45% of respondents say their company's IT spending will decrease (or there will be no spending at all) in the 1st Quarter - 16-pts worse than our previous survey."
Well, that's not very cheerful. Neither is the headline, "A historic collapse in U.S. corporate IT spending."
Companies are spending on smart phones, but not much else. They're paring back not just on projections, but on spending for the current quarter.