Short-term prospects for technology spending

The newsletter I sent out last week featured this item noting the slowdown in IT spending (and what can be done to work around it). UK's Retail Week discusses the same thing, focusing on the channel side obviously, but noting that anything that doesn't generate an immediate return is being put on hold. Some key quotes:

• IT directors admit that projects they had pencilled in for next year are on hold ...
• "We have continued with a number of projects ... where we have no alternative but to carry on. But new things are being held back."
• IT projects to support future growth are not a priority for many right now ...
  

The theme of the article is making the most of what you have, which is what I think a lot of companies will be doing over the next several months.