Study: War on Iraq to crimp IT spending
C|Net | at | by Mike
The war in Iraq is giving chief information officers pause about IT spending, according to a survey by investment bank Merrill Lynch. Although less than one-fifth of the surveyed American and European CIOs said they would slow technology spending with the start of the U.S.-led war against Iraq, fewer still said they would increase spending even if the war were to end quickly, according to the recent survey.
Seventeen percent of the CIOs said that the war's start would put a drag on their spending. A quick end to the conflict, meanwhile, would not provide much incentive to tech buyers--90 percent of those surveyed said that such a turn of events would not cause them to increase their IT spending.