Wednesday, June 10, 2009
CIOs: The Econalypse Ate Our 2009 Budgets
No surpises here. The econalypse has sent IT managers scrambling to redraft their already diminished 2009 budgets. About 42 percent of chief information officers have cut their budgets to grapple with the souring economy, according to a new survey by Gartner.




Well, JMP Securities analyst Patrick Walravens’s assessment of Oracle’s business these past few months was about as wrong as wrong can be, wasn’t it? In early March, Walravens predicted the company’s February quarter would be an abysmal one. Two weeks later, Oracle posts better-than-expected results for that quarter and announces a dividend–its first ever. 