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IT Spending: Jefferies Sees Signs Of Hope

October 13, 2009
by Eric Savitz
Blogger and Columnist, Barron's, Tech Trader Daily

Eric Savitz

Is corporate IT spending showing signs of life?

Jefferies enterprise software analyst Katherine Egbert thinks so. She issued about a flurry of research notes today, saying various nice things about the improving climate, lifting targets and estimates for an assortment of stocks.

Egbert writes that a survey of IT security software resellers found signs of a pick-up: she writes that on average the 71 VARs surveyed now see 2009 spending up 9 percent, up from 7 percent in a comparable survey one quarter earlier. She writes that Q4 should show “a strong budget flush,” with a small majority expecting higher year-over-year sales in the quarter.

Read the rest of this post on the original site

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