I saw this article yesterday titled, "[URL="http://tech.yahoo.com/news/pcworld/20090220/tc_pcworld/studyfederalgovtcansavebillionsinitspending"]Study: Federal Gov't. Can Save Billions in IT Spending[/URL]," and feel compelled to comment. The gist of the article is that by switching to open source software, like Linux and OpenOffice.org, the federal government would save billions of dollars in IT costs. This is one for the "DUH!" category. It is such a "duh" moment for me that I feel like playing "Really" like Seth and Amy do on Saturday Night Live--so I think I will. I read an article that the federal government could save billions in IT spending by using Linux and …

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Thanks to the US dollar getting stronger against the Euro as the European debt crisis takes hold, and shows no signs of weakening for the remainder of the year, so the outlook for IT spending growth looks dim. So dim, in fact, that Gartner analysts have cut back the worldwide IT spending growth forecast for 2010 from 5.3 percent to just 3.9 percent. According to Gartner, worldwide IT spending is now forecast to total $3.350 trillion through 2010, which equates to an increase of 3.9 percent over the 2009 spending total of $3.225 trillion. In the first quarter of this …

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It's good news for those in the security business, according to Gartner at least. It is predicting that security software and services spending will outpace other IT spending areas in 2010. The Gartner [URL="http://www.gartner.com/DisplayDocument?ref=g_search&id=1141513&subref=simplesearch"]report[/URL] suggests that security software budgets will grow by approximately 4% in 2010, while security services budgets will grow almost 3%. Earlier this year Gartner surveyed more than 1,000 IT professionals with budget responsibility worldwide to determine their budget-planning expectations for 2010 and the results form the basis of this new report. "In the current highly uncertain economic environment, with overall IT budgets shrinking, even the modest …

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Historically, here in the UK at least, the electronic and gadget online marketplace has ruled the roost when it comes to consumer spending. However, according to one new survey, now it is milk and bread that are selling the most. Statistics from the largest discount voucher code website in the UK, MyVoucherCodes, reveal that for the first time since Internet retailing took off on this side of the pond, grocery shopping has stormed past electronics in terms of consumer sales. Put this one down to the credit crunch, I reckon, with more people now concerned about finding food cheaply than …

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The UK economy has [URL="http://www.independent.co.uk/news/business/news/uk-economy-grinds-to-a-halt-906524.html"]officially ground to a halt[/URL], and is in danger of heading for recession. In the second quarter of the year growth was, well, zero actually. That means that the longest period of economic expansion in British history, some 16 years of it, has come to an abrupt end. Some observers note that not only could this mean that the boom times are over, but that bust is around the corner. If the next quarter shows a further economic slowdown in growth then the UK will officially be in recession. However, [URL="http://www.itpro.co.uk/605643/online-spending-defies-downturn"]it seems[/URL] that the credit crunch …

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I caught a technology sector analyst from Invesco on Yahoo's Tech Ticker this morning who had some interesting things to say about the dysfunctional relationship between the technology stock sector and the subcrime . . . err . . . subprime credit debacle. It seems that the credit & lending downturn has finally caught up with technology companies. Says Yahoo, in teeing up the segment "For much of 2007, technology stocks outperformed as the sector was perceived to be largely immune to the housing downturn and the resulting unrest in the credit markets. The past few months have seen a …

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How stupid is the state of Maryland? No, not it's fine people, but it's short-sighted governor Marty O'Malley and its state legislature, which recently upped taxes state-wide in an effort to fund new programs and pay for additional government services. The tax hike has residents steaming and companies rallying to protest the new levies. At the forefront are Maryland's technology companies, which could see the state grab up to six percent of its earnings in taxes. In fact, the Tech Council of Maryland, Maryland’s largest trade association representing the state’s IT and Biotech industries, is organizing a repeal effort, with …

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Anybody reading this blog knows that the media has been adamant about the U.S. economy tanking into recession, with reporters putting their notebooks and tape recorders down and waving pom-pom's in support of economic strife for millions of Americans. Why? Once again, who knows? Probably because it's a compelling story line and probably because the media would love to hang a recession around President Bush's neck before he leaves office. Fortunately for the rest of us, they may never get the chance. On top of some encouraging quarterly performance numbers from the likes of IBM, Wal-Mart and Cisco, now the …

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Even as U.S. Treasury Secretary Henry Paulson reassured us on Friday that the economy "would not go into recession" in 2008", some people, especially consumers, aren't buying it. This is exactly what I'm talking about when I vent over the power of perception and the media's glee in talking down the economy by highlighting the negative and shielding the positive. People are scared and I know why. No, it's not because they know someone who's going to lose their house to foreclosure - foreclosures represent less than half of one-percent of U.S. homeowners. And now banks, realizing they could be …

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The End.