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Strategies & Market Trends : Sharck Soup
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To: Sharck who wrote (21033)5/7/2001 3:53:45 PM
From: ColtonGang  Read Replies (1) of 37746
 
Goldman Sachs' analyst Rick Sherlund came out with an endorsement of the software sector last week, by saying that he expects information technology spending to increase. He also contended that software companies should be able to pull out of the current economic slump well ahead of other tech sectors. Additionally, Sherlund doesn't think Europe will experience a technology spending slowdown to the same extent as the U.S. and that IT budgets will begin to "firm" as confidence that the economy isn't going into a recession grows.

He said "the worst may be over in terms of economic uncertainty" and that "software is not subject to the need to work down channel inventory levels and is sold more for current consumption, so business could potentially come back more quickly than in other sectors."
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