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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: StanX Long who wrote (56866)	12/4/2001 4:30:19 AM
From: StanX Long	Read Replies (1) of 70976

Well here is an area to invest. Stan Tuesday December 4, 1:32 PM Singapore IT services set for double-digit growth despite recession sg.biz.yahoo.com Demand for information technology (IT) services in Singapore is projected to post double-digit growth even though the city-state is in the midst of its worst downturn. Industry research firm Gartner Dataquest said Monday that the IT services sector will generate revenue of 2.04 billion US dollars this year, a 12.7 percent rise over last year. The market will continue to grow through 2005 when revenue will reach 3.6 billion dollars, said Gartner. "Following 2002, increased confidence in the economy and business will present vendors with an opportunity to benefit from renewed demand among end users of IT services based on exploiting technology innovations," said Rolf Jester, regional research director. "Our local research shows that IT management services continue to do well despite sluggish economies," said Jester. Development and IT integration will remain the largest component with revenue to rise to 1.0 billion dollars in 2005 from 566 million dollars last year.

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