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Technology Stocks : Zitel-ZITL What's Happening
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To: Craig Richards who wrote (12519)11/2/1997 7:08:00 PM
From: Roger A. Babb  Read Replies (1) of 18263
 
Craig and all, Jack King commented that the worldwide IT budget was between 3 and 3 1/2 trillion and y2k would be about 10% of that. Can anybody confirm the 3 trillion number? I tried adding up the revenues of all listed IT companies and it was not even close. In fact 3 trillion excceds the sum of the income of most of the countries in the world. Logically the USA should be about 1/3 of IT expenditures, so that is 1 trillion, or over $10,000 for every USA family. For comparison, the gross domestic product (GDP) of the USA is only about 7 trillion.

To put it in perspective, the combined annual revenues of MSFT, IBM, and INTC are about $100 billion which would say that they are a very small percentage of the IT market.

Another way of looking at it, I have read that IT budgets are on avaerage about 1% of corporate revenue, that implies that we must have over 300 trillion corporate revenues worldwide. I just can't think in numbers this big, but it seems like too much.
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