Zeev's Turnips Patch-No Politics (ZEEV)

[Bearmove]

Meanwhile, Reuters picked up on a survey of chief financial officers: "Many U.S. companies plan to raise capital and technology spending in 2005 as they seek to comply with new federal accounting laws passed after the slew of bookkeeping scandals over the last few years. Consumers may feel the effect of the technology spending, as more than three-quarters of those companies plan to pass along at least half or all those increases, according to a survey of U.S. chief financial officers," the wire service reported. "According to the quarterly survey, which polled 185 CFOs of public and private companies, U.S. companies, on average, plan to increase technology budgets by 12% over the next 12 months. The figure was 7% when the 12-month outlook was last published three months ago."