This is not a good time to be running a tech company.
Major corporate clients continue to withhold capital spending funds, investing only in areas that promise rapid paybacks or can be improved with a modest amount of money.
Moreover, the U.S. government, which is a major buyer of hardware, software and services, has nearly frozen, as the sequester limits -- or even shrinks -- information technology budgets. Adding insult, foreign sales divisions at tech firms in Europe and Asia are noting a high degree of spending caution.
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