Moreover, business equipment and software spending showed the first decline in more than three years.
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Residential fixed investment also dropped 19.1%, and equipment and software spending fell 5.5%.
Still, Thill says the financial sector meltdown won't shutter all software spending.
These days, software spending is increasing at twice the rate of hardware spending, as businesses struggle to make their new computers work better.
The U.S. accounts for 50% of all worldwide enterprise software spending and the U.S. also has the highest marketing spend per GDP in the world.
Good times among corporations have led many to invest heavily in software productivity tools, while those marketing consumer goods have boosted spending for software and internet-related advertising.
The surge in spending on software in recent years inflates American growth, but not Europe's.
Spending on software now accounts for over one-fourth of all U.S. private real fixed investment.
Grady's company, Rearden Commerce, aims to strip out the waste and inconvenience of corporate spending using software agents capable of traversing the Internet to negotiate deals that take into account both an employee's personal tastes and the company's purchasing rules.
Most of the cost of cybercrime, it concludes, is indirect, such as spending on antivirus software or other corporate defences.
Meanwhile, exports fell, and business spending on equipment and software slowed from the second-quarter pace.
When the economy turns down, businesses and consumers slow spending on hardware, software and other tech goods.
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Business spending on equipment and software, the FOMC said, has risen significantly, though investment in nonresidential structures is declining and employers remain reluctant to add to payrolls.
Meanwhile, it says that business spending on equipment and software is rising, though notes that investment in nonresidential structures continues to be weak and employers remain reluctant to add to payrolls.
Business spending on equipment and software has risen significantly.
The real tragedy would be a natural-born software writer, currency trader or CEO spending his days trapping squirrels.
We also believe that enterprise spending on traditional BI reporting software is slowing.
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Investment in equipment and software was flat, while capital improvement spending declined 4.4%.
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Like many of my clients with employees who insist on using Apple products you are going to be spending time and money on software to run Windows locally on their MacBooks so that they can access your Windows based network and use your Windows based applications that everyone else is using.
Yet as financial planning software gets more sophisticated, human planners are spending more and more time in this area.
Toyota took a deeper dive, first spending four years developing its own software that connects dealers to factories and factories to suppliers.
He had very little money on him, so he squatted with a friend in a dinky apartment, spending many sleepless nights perfecting his software.
The Silicon Valley company, founded in 2009, officially launched its service in June after spending a few years creating the software and processes for developers to organize and assemble viable projects.
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In the U.S., which spends about six times as much on supercomputers as China, the software budget equals about 30% of hardware spending, and computer specialists say even that level isn't sufficient.
Domestic companies may delay buying new PCs and other hardware, says IDC analyst Stephen Minton, but they'll keep spending on so-called virtualization software from VMware and others that increases the efficiency of servers.
Recent numbers from research firm Gartner indicate that IT spending will likely be hit by uncertainty in Europe in 2012, with growth in the enterprise software and IT services businesses to be hurt the most. (See Europe Will Drag on IT Spending in 2012) This is not a good sign for IBM.
When Oracle went on its spending spree, many predicted failure: big software mergers have a poor record.
At a time when hospitals are spending millions to digitize, open source EHR software is an alternative option to costly and proprietary systems.
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The software-maker has been hit by the downturn in construction spending.
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