A digit or two short perhaps?
More like 20-200% drop in IT spending as we migrate from a world wide recession into a world wide economic depression.
The analysts at investment bank UBS who case the IT market say the United States and Europe can each expect to see about a 2 per cent decline in IT spending in 2009. This projection may be more indicative of the spending patterns among relatively large enterprises, given the sample that UBS used in doing its forecasting. …