CORPORATE IT SPENDING TO SLOW IN Q4: Corporate information technology spending is still growing, but the rate of growth will slow in the fourth quarter, led by a decline in laptop and desktop spending, according to a recently released study.
Only 31 percent of 628 business and technology professionals surveyed said that their company will increase fourth quarter IT spending - the lowest percentage recorded since June 2003, and down three points from the previous quarter, according to ChangeWave Research. Seventeen percent of those surveyed said that their spending either will decrease or that there will be no spending at all. The drop marks the third consecutive quarter in which there has been a downturn in the rate of IT spending growth, after five successive quarters of increased spending, noted ChangeWave founder Tobin Smith.
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