Survey: Firms plan to trim IT spending

Roughly one-third of business decision-makers plan to decrease IT spending to compensate for declining business performance, according to new research from Newton, Mass.-based Cahners In-Stat Group. More than 40 percent of those surveyed said they felt the economy had affected their businesses negatively.

But more than half said they expect the economy and their businesses to pick up later in the year. The study also found that the top three areas likely to be affected most by planned increases in IT spending are computer hardware (46 percent), network hardware (39 percent) and computer software (39 percent).

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