Worldwide IT Spending Down Six Per Cent - What Does It Mean

Gartner predicted as recently as July that worldwide IT spend in 2009 would be six per cent lower than in 2008.  This figure looks bad enough, but when broken down further some of the figures look dismal – 16% lower spend on IT hardware particularly. Steve Pinder, GlassHouse Technologies (UK) principal consultant finds out if this means financial Armageddon for IT suppliers, what are the main reasons for these predictions, and if there is an end in...