Despite the ravages of a tough economy, tech companies that sell software for controlling different business functions and managing IT systems are among the best-positioned for 2009.
These are the results of a recent UBS survey of 100 chief information officers (CIOs) in the U.S. and Europe, which painted an otherwise depressing picture of the state of IT spending. CIOs are predicting a 2% decline in IT spending in 2009, according to UBS, even lower than recent downbeat estimates from tech analyst firms Forrester and Gartner.
Software maker SAP(SAP Quote), however, is bucking the downward trend for IT spending, according to UBS, which found that the firm provoked a much more positive response from CIOs than rivals Microsoft(MSFT Quote), Oracle(ORCL Quote) and IBM (IBM Quote). ...
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