Pulse: Security Software Feeling Insecure as IT Spending Dips

The ripple effect of plunging information-technology budgets washed over the security software today. Concerns over slower IT spending have cycled through a number of sectors in recent weeks, amplifying the news of weak earnings reports.

Last week, many of the Internet caching and infrastructure companies were hit with downgrades and earnings revisions over slowing IT budgets -- compounded by after a fourth-quarter earnings warning from Inktomi(INKT Quote).

Net/Tech Indices INDEX CHANGE % VALUE TSC Internet 4.32 -1.49% 285.14 TSC E-Commerce 0.27 -1.58% 17.31 TSC E-Finance 0.38 -1.27% 29.47 Nasdaq 11.73 -0.49% 2395.32

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