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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 250.24+0.3%Nov 5 3:59 PM EST

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To: H James Morris who wrote (113890)1/2/2001 8:52:35 AM
From: gladman  Read Replies (1) of 164684
 
I think the IT spending slowdown is total BS as it relates to large corporations. Here's from CBS marketwatch.

>>NEW YORK (CBS.MW) - Shares of some Internet infrastructure companies lost ground in pre-market trading Tuesday after an analyst downgraded the shares, citing expectations of weak spending in the information technology arena<<

Corporate IT spending will increase by at least 12% this year, slower than last year but still a significant increase. This should torpedo many of the usual suspects, and I think unfairly, should be some good buying opportunities this week.
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