Purchasing Decisions and Their Consequences
And the news from IT vendors is not good. SAP continues to decline to provide earnings guidance. "SAP Co-Chief Executive Officer Henning Kagermann said in a Bloomberg Television interview on Oct. 28 that he didn't anticipate that 2009 would be better than 2008. He said customers were 'rethinking' their spending plans."
This kind of stuff probably tells you more about real IT spending than anyone's crystal ball.