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Entrust, BroadVision, Inktomi, and Epiphany all missed their targets by at least 40% as telecommunications companies and other buyers of software and technology now have no idea what they will spend going forward.
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There will be over-capacity in this industry, and less money is going to be spent going forward than is implied by these valuations.
"If job growth continues to strengthen, then personal income will benefit and it will help consumer spending going forward".
But he noted that Google "proved their cost-cutting stripes" during the downturn, and that any uptick in spending going forward will come as revenues rise.
"These are relatively inexpensive defense companies that I think will be beneficiaries of increased defense spending going forward," Mr. Pratt said.
She said that she anticipates that Morgan will encounter a "slower capital markets recovery, less credit benefit, and more investment spending going forward".
The dysfunction threatens to constrain federal spending going forward, when more, not less, government spending is needed.
Will the spend go down?
According to a survey conducted by the American Affluence Research Center, 55% of wealthy consumers expect to spend less going forward, while 31% will cut back on designer apparel.
These efforts will increase going forward.
Or, more precisely, who I will be going forward.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com