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According to a survey conducted by Gartner Group and the investment banking group Soundview Technology, Inc., technology budgets of U.S. businesses will rise 1.5 percent in 2002 over 2001 budgets. For 2001, IT spending at these companies was 2.5 percent ahead of 2000 levels, but it was down from a planned 8 percent increase. "We expected a slowdown on the rate of budget growth," says Al Case, senior vice president of Gartner Group. "I was surprised that it was still positive for next year." (CIO, Dec. 2001) According to the text:
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