August 31, 2002
Have IT cost cuts gone too far?
"According to recent reports, there are signs that many industries have cut IT spending as much as they can without cutting into the bones of their business. Analysts noted that a long tide of cost cuts is slowly reversing, although IT spending will not roar back to life with a big bang as 2002 draws to a close. Instead, the turnaround is occurring extremely slowly and only in selected sectors."