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Technology Stocks : Keane The leading y2k service provider

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To: Hawkmoon who wrote (203)12/6/1997 7:28:00 PM
From: David GarrisonD  Read Replies (1) of 1316
 
The IBD interview with Brian Keane appeared in the Monday 10 November issue. I know, because I saved it. Brian is one of the two sons of John Keane, who founded the firm. The son says that salaries increases for information technology specialists have been increasing at a 14% annualized rate. They've managed to pass the salary increase on to their customers, since their billable rate has been increasing at a higher rate than the salary increase rate. But their employee turnover rate is around 30%. The rate throughout the software services and consulting industry is even higher. Finally, the amount of financial resources that businesses etc. will have to allot to fix the y2k problem will put a crimp on spending in other areas of information technology.
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