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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: SouthFloridaGuy who wrote (45182)	12/20/2000 8:47:06 PM
From: jkb	of 77400

you are correct; the demand side of the equation is going down, but this statement needs to be clarified. the demand portion is going down clearly in large companies for consultive IT effort; internal IT labor is in demand, sourced/external IT labor is on the out. if the project load in corporate IT dies down; then over a period of two years you will see demand for all IT labor fall. this however is a stretch as opposed to reality. as a matter of example; i'm the director of IT for a fortune 250 company; and my budget for IT spend next year is 30% higher than my FY2000 spend.

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