A total of 1,926 respondents involved with IT spending in their organization participated in the ChangeWave survey, conducted November 6-12, 2008.
An unprecedented 45% of respondents say their company's IT spending will decrease (or there will be no spending at all) in the 1st Quarter - 16-pts worse than our previous survey.
Only 10% say spending will increase - a 3-pt drop from previously.
Nearly four-in-ten (39%) say they've spent "Less than Planned" so far this quarter
Nearly half (48%) now believe IT spending won't pick up for their company until the 3rd Quarter of 2009 or later
via ChangeWave Survey