welcomewiki has just posted in the Career forum of Wikipedia New Forum under the title of IT spending: The true story.
This thread is located at http://www.wikinewforum.com/showthread.php?t=4944
Here is the message that has just been posted:
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<table cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="contentboxhead3" colspan="2" style="padding-bottom: 10px;" align="left">It's not recession! </td> </tr> <tr> <td style="padding-right: 10px;" valign="top" width="300">Image: http://infotech.indiatimes.com/photo.cms?photoid=4350528 </td> <td valign="top" width="410"> <table cellpadding="0" cellspacing="0" width="100%"> <tbody><tr> <td class="more">Image: http://infotech.indiatimes.com/photo.cms?msid=1784493 </td> </tr> <tr> <td class="normtxt" colspan="2" style="padding-top: 7px;" valign="top" width="100%" height="250">The biggest factor affecting the tech market is not recession but the breakdown of the financial system. The credit crunch is causing many companies to dramatically cut back on all forms of capital investment, including many IT goods and services, according to Forrester.
Also, the fact that the worst-hit BFSI sector was the biggest client for most IT companies, including Indian IT majors, is severely impeding the recovery process. </td></tr></tbody></table></td></tr></tbody></table>
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