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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%3:59 PM EST
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To: Paul Engel who wrote (95311)1/7/2000 7:14:00 AM
From: Steve Lee  Read Replies (1) of 186894
 
biz.yahoo.com

extract:

But the emerging upside -- a burst of tech spending -- could help turn around prospects for sellers ranging from IBM to PC maker Gateway, invigorating a key U.S. economic engine.

``A lot of people were holding back,' said John Gantz, an analyst with researcher International Data Corp. IDC found that 37 percent of 2,100 North American companies it surveyed deferred spending last year on non-essential technology projects unrelated to the Y2K glitch.

``We're talking about billions of dollars of spending that was withheld,' Gantz said.
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