Israeli IT Market Forecast for Q42009

1. Most Israeli firms budgeted 30-40% of their capital expense acquisition monies for the Q4.

2. The government will start spending part of their 2 year IT budgets

3. Many firms (see below) are starting their change strategies NOW.

Which means we WILL have seasonal high and the beginning of IT spending for 2010. As we forecasted 2010 will be close to 2008 budgets (again).