The major tech cycle is over. Tech has matured. Catalysts for lots of additional tech spending by businesses are hard to find, if possible to find. And retail internet usage peaked earlier this year, so don't look to consumers to fuel any new tech rally.
Victor,
I believe tech is far from matured. Many firms have yet to embrace the efficiencies tech can bring. That is due in my opinion to a lack of understanding of the available options by current management.
My stores have had a lot of the records stored on personal computers since mid to late 1980s. However, that was basically, number cruntching, inventory control, accounts payable, receivable, etc. Now there ticket "creators" with SKUs, UPC, automated re-ordering (not meaning an order is printed and then faxed), on-line sales and communication. The last is what has changed the most during the last 18 months. In fiscal 2001 thus far, we have added five computers, two routers and upgraded our LANs from 10 base T to Fast Ethernet. |
