Business leaders favor increased IT spend

Good news came this week for IT leaders--it seems that a good portion of top corporate executives don't believe enough is being spent on IT. While 44 percent of those polled by Managed Objects, a business service management firm, say tech spending is right on target, 46 percent of U.S. executives say more should be allocated. The remaining 10 percent feel too much is being spent and if they had their druthers they'd reduce IT down in manpower and downtime.

For more on the IT spend survey:
- read this TechWeb article