A recent research report by Giga Information Group estimates that total US information technoplogy spending in 2001 would decrease by as much as five percent from 2000 and increase four percent in 2002 over 2001. This follows greater than 20 percent growth rates in IT spending in both 1999 and 2000, Giga says.

"The great majority of enterprises are and will be much more conservative and cautious about their IT investments, focusing on leveraging their existing IT systems more effectively and making them more secure, acquiring new applications and infrastructure only when they deliver tangible benefits, and avoiding large-ticket capital investments whenever possible." says Giga CEO Robert K. Weiler.

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