A Historic Collapse in U.S. Corporate IT Spending
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November 20, 2008
ChangeWave's latest corporate IT purchasing survey shows an accelerating collapse in U.S. business spending that has reached historic proportions - with record pullbacks occurring both in the current 4th Quarter and going forward.
In one of the survey's few upbeat findings, the corporate smart phone market continues to show growth - with Research in Motion (RIM) maintaining its huge lead, but Apple (AAPL) continuing to make inroads in small to medium-sized businesses.
A total of 1,926 respondents involved with IT spending in their organization participated in the ChangeWave survey, conducted November 6-12, 2008.
U.S. Corporate IT Spending Breakdown
Simply put, the 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.

Only 10% say spending will increase - a 3-pt drop from previously.
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