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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (19927)	4/2/2001 1:54:01 PM
From: ColtonGang	Read Replies (1) of 24042

Overall IT spending is slowing. Only 49 percent of companies plan to increase their IT spending this year over last, compared with 72 percent who three months ago said they'd boost their budgets, according to a survey by InformationWeek. Fifteen percent of the 300 companies surveyed have cut their IT budgets, because of uncertainty about the business climate. While Gartner Group forecasts worldwide B-to-B Internet commerce to swell to $5.9 trillion by 2004, that's down from the $7.3 trillion Gartner forecast 14 months ago. Gartner revised its estimates after factoring in the macroeconomic slowdown, a slower-than-expected adoption of collaborative e-marketplaces, and cultural and other barriers to e-business in overseas markets. But many companies—particularly the financially sound ones—are sticking to their IT guns, experts say. “We don't know whether it's because they use good technology that they're good companies, or if good companies are also good users of technology,” said Goldman Sachs's Berquist. “But there's definitely a correlation.”

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