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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (8036)	7/31/2001 7:38:00 PM
From: techanalyst1	Read Replies (2) of 57684

"Given today's overall weakness in the economy, there simply is no compelling reason for companies to spend on new software applications and other technology equipment," Lehman Brothers analyst Neil Herman told NewsFactor. Recent Strategies Fail Despite forced vacations, temporary closings and the jettisoning of excess office space, no single strategy so far appears capable of returning profits -- or confidence -- to the sector." Why did the economy all fall apart at one time? What made that happen? Was it just the inventory levels? I'll admit that the telecoms can't spend due to their debt. And surely that trickles down to other companies. But why is it that companies that have money aren't spending even though the ones in charge of the corporate budgets have wives that are still shopping? Because one has confidence and one does not. Maybe all that SOME corporations need is some confidence that things are not getting worse and they'll loosen up and spend. Did anyone think of that? It seemed to me that things really went downhill after John Chambers kept yapping on about how interest rates had to come down fast and Dick Cheney talked about a possible recession. Why would a company spend now? Because some of them know that the economy will turn around and they want to use this time to upgrade things like internet sites. So for now, not many want to spend any more than they have to, but what if they got some "friendly comments" from oh, say... John Chambers? Maybe, maybe they sit themselves down and think... "maybe my wife has reason to be buying now. Maybe it's not as bad as I think. Maybe, just maybe there will be brighter days ahead and maybe I can get a good price on that software or biz consulting job we were thinking about before the guy in the next building gets to them." Then again, maybe I'm too optimistic. TA

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