Tech Spending Set to Plunge; Open Source Set to Rise

"In what should be a boon to commercial open-source software vendors, the Wall Street Journal is reporting that tech spending is set for a big slowdown in 2008. Just as a housing and credit crunch should lead to more prudent consumer spending, so, too, should economic malaise at the corporate level lead to more intelligent IT spending.

"In other words, less silly spending on licensed shelfware and more savvy spending on real value: open source and SaaS that focus on actual service, not licenses..."

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