Citi has just released a survey it carried out in Nov/Dec 08 on 2009 CIO budgets. The 200 CIOs (split between the U.S. and Europe) said that they expect budgets to fall for the first time in five years -  US CIOs are expecting IT budgets to fall 2.7 % in 2009, European CIOs are seeing decline of a more modest 1.9 %. Useful information on spending priorities (server consolidation, security) and possible areas of cutback are also covered.

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