Computer Associates International Inc. (CA) (NYSE: CA) CEO Sanjay Kumar expressed similar sentiment after CA posted net income of $22 million for the last quarter amid a brewing accounting scandal (see Computer Associates Profits in FYQ3 and CA Issues Statement on Exec). Our own customers are starting to pursue IT projects that have been placed on the backburner for some period of time, he said. But yet, they remain cautious. In fact, our customers are wiser and more thoughtful than at any time during the technologies' high growth phase of the late 1990s.
Results of a recent online survey conducted by Byte and Switch Insider, this publication's online research service, also indicate caution may be in order (see Survey Probes Storage Budgets). Nearly half of respondents said their storage budgets for this year will be "about the same" as their 2003 ones.
More information will help determine the lay of the land. We still havent heard earnings reports from the Fibre Channel switch makers such as Brocade Communications Systems Inc. (Nasdaq: BRCD), Cisco Systems Inc. (Nasdaq: CSCO), and McData Corp. (Nasdaq: MCDTA), all of which have struggled with pricing pressures the past few quarters.
Dave Raffo, Senior Editor, Byte and Switch
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