Ann: Changes to Sales Structure, page-5

I bought IRI in the gfc - it was quite beaten up. There was a quite reliable indicator that gave me some confidence that it wasn't IRI specific news beating up the SP (as the whole market was smashed). XIJ has not quite been beaten up to the same extent as the whole market was back then, but IRI has been.

Does anybody follow the levels of cap ex in IRI's main markets? NXT seems to be still investing in more data centre capacity, but this might not be a massive driver of IRI sales - they seem to be across quite a few markets. Are there other cap ex areas that are still really strong?

Also could online security issues be slowing down sales for a while. There has been a lot of attention recently on Chinese and Russian misbehaviour. Is there some hold off on investment while systems and being checked and waiting for for more secure servers etc to be released onto the market?

Also obviously there are google tax type issues impacting the market? Does this indirectly kill sales for IRI?

Curious as to what people know.