Despite pervasive doom-and-gloom headlines, most companies are sticking with IT budget increases in 2008. A
of 1,000-plus CIOs worldwide released in April found that 62% of CIOs had no plans to change their 2008 IT budgets. True, 23% planned to decrease their IT budgets, but 15% reported an increase in their spending. Overall, Garner is projecting worldwide corporate IT spending growth of 3.3% for 2008. That trend has shown up in first-quarter 2008 sales increases for IBM, Cisco, EMC, Foundry, Juniper and others.