Morgan Stanley Spending More on IT, Not Less

Data Center Knowledge is following the financial sector spending quite closely, as usual:

>>The conventional wisdom is that the downturn in the economy and the financial sector will lead to reduced IT spending by Wall Street. After last week's market selloff, concerns about demand for data center space and services might seem reasonable, particularly with reports of slowing demand in London due to fewer requirements from financial firms.

Some Wall Street firms aren't thinking about IT cutbacks. Reuven Cohen from Sys-Con attended last week's Morgan Stanley CTO Summit in San Francisco, and shares this account