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        <title>Tech Daily Dose: Tech Spending Slump Expected In First Quarter &apos;09</title>
        <link>http://techdailydose.nationaljournal.com/2008/11/tech-spending-slump-expected-i.php?rss=1</link>
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            <title>Tech Spending Slump Expected In First Quarter &apos;09</title>
            <description><![CDATA[<p>High-tech spending projections for the first quarter of 2009 are "abysmal -- the worst ever," reports ChangeWave, a firm that has surveyed companies since 2001. The <a href="http://blog.changewave.com/ ">bottom line</a>: 45 percent of respondents said their business's IT spending will decrease (or there will be no spending at all) in the quarter -- that's 16 points lower than the previous survey, ChangeWave's <strong>Paul Carton</strong> said in a blog post. Ten percent of respondents said IT spending will increase -- a three point drop from earlier reports.</p>

<p>Meanwhile, spending is plunging at a time of year when the industry normally experiences seasonal increases. ChangeWave asked respondents if their IT spending was on track thus far in the fourth quarter and by a wide margin, the results were the worst on record. In one of a few upbeat findings, the corporate smart phone market continues to show growth -- with BlackBerry maker Research in Motion maintaining its lead, but Apple continuing to make inroads in small to medium-sized businesses.</p>]]></description>
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            <pubDate>Sun, 23 Nov 2008 23:50:41 GMT</pubDate>
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