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Technology Stocks : All About Sun Microsystems

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To: Carmine Cammarosano who started this subject	4/12/2003 3:55:12 PM
From: QwikSand	Read Replies (1) of 64865

From a cheery springtime story in today's NYT. May require a free registration, but worth a look if you're willing to register. Starts out recounting how a 50-year-old former vice president of marketing at a digital media firm who is now a sales clerk at the Gap sells a pair of pants to a fat guy. --QS nytimes.com While the recession of the early 90's took a heavy toll on white-collar workers, this one seems to have institutionalized the phenomenon. Advanced degrees, no matter how prestigious, offer little protection. The economy is grim nationwide, but the picture in New York City is especially bleak. Since the end of 2000, the media-and-communications sector has cut 15 percent of its jobs, telecommunications 27 percent, advertising 25 percent. Eighteen percent of jobs on Wall Street have been slashed, and firms continue to lay people off. Given the delirium with which most high-tech jobs were first created, there's no reason to believe that many of them -- and the jobs in other sectors that they generated -- will come back anytime soon.

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