Economy Puts IT Into Penny-Pinching Mode.

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      The article discusses the issue of hiring freezes, job cuts and the elimination of management layers in the information technology (IT) industry in the U.S. It states that projects with high prices and lengthy returns on investment may be a hard sell internationally. According to the article, demands on IT may grow because of spending cuts. It relates that there is an expected continuing demand for storage technologies and for business intelligence tools which can help users evaluate spending plans and business risks.