IT spending update: 2011 budgets intact
Despite the threat of another recessionary period, Wells Fargo Securities senior analyst Jason Maynard believes that IT budgets will hold up through 2011 and that the summer spending spottiness hasn't translated into meaningful expense cutting.
In today's e-mail newsletter, Maynard and team make the case for a positive call on IT spending despite the global macroeconomic fear permeating the market. This is based on first-hand qualitative feedback the team aggregated from CIOs and the 100 largest enterprise hardware and software vendors.
Obviously there is still a scenario where we have a repeat of the dramatic spending cutback of … Read more