Survive and Thrive in 2009: IT Strategies For Lowering Costs, Reducing Capex
April 09, 2009
Last year was a year of financial records — bad ones. Nearly three million jobswent up in smoke, theworst performance since 1945. The DowJones Industrial average dropped by 33.8 percent, which was the single biggest plunge since 1931, taking with it about $7 trillion of shareholder value. More than two million homes went into foreclosure, more than 10 percent of mortgages (a total pool of $11.2 trillion at the end of September 2008)
are in trouble, and the median home price in the U.S. fell 31.5 percent from December 2007 to December 2008.
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