A new survey shows that the number of large companies in North America that have cut their eBusiness budgets has nearly doubled in the past five months. More than half the respondents cite the weak economy -- rather than the September 11 terrorist attacks -- as driving budget cuts in their technology spending this year. At the same time, more than 60 percent think that the recent tragic events will exacerbate current economic conditions.

Forrester Research surveyed more than 800 Global 3,500 firms (businesses with more than $1 billion in revenue) in May to understand their budget and spending changes since the start of the year. In the wake of the terrorist attacks, Forrester went back into the field in late September and early October to assess how these firms continued to adjust budgets and spending.

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