| Gregory, many of us, certainly including me, need warnings like yours of a general tech slow down, to encourage us to keep a generous cash reserve. So thank you. But in detail, you speak of a slow down in software as an event which has already occurred. ??? Customer relation software, i.e. SEBL's stuff is certainly booming. Backup software, e.g. VRTS's products are booming. A software cum consulting company that I have held for about five years, CMG, is still growing at around 35% a year, spreading over Europe. Companies with India based programming staff, such as CTSH,INFY and ITWO are growing rapidly. Not only that, in the technology, object oriented programming is now quite standard so the quality and speed of development is generally much higher than a few years ago. In addition the neat fast new hardware lets us programmers do our developments jobs faster. To me it looks like we have arrived at the golden age of programming. I simply don't see the slow down in software; it may very well exist in the other areas you mention. Doubtless, your general caution is needed. |
