America's CIOs Are Shopping Again; A new executive survey sees big jumps in IT spending on everything from up-to-date PCs to spam-killing software

For the past few years, tech spending has been subject of much debate, frustration, and hope. During the downturn, most companies cut information-technology budgets. And even as the economy improved over the past year, many corporations have been reluctant to start spending again. But that could be changing, according to a May poll conducted by CIO Magazine. The poll, which surveyed 315 IT execs from government agencies and the private sector, showed that CIOs expect their budgets to increase by an average of 7.8% in the next 12 months. That's a huge jump from the 5.2% growth in the past year -- and a major step up from CIOs' April projections of 6.6% growth. In May, CIOs' spending expectations were second only to their January projections, which saw an 8.2% boost in IT spending.

Source: BusinessWeek Online

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