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Technology Stocks : Profit from shortage of IT professionals

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To: Stewart V. Nelson who wrote (3)	1/27/1998 10:34:00 AM
From: Stewart V. Nelson	Read Replies (1) of 25

Forrester research checks in with this comment: <<While some companies have set up in-house training courses to meet their needs, others are relying on "outsourcers" -- companies that specialize in providing computer services. "You will not be able to get an outsourcing contract this time next year with a high-level contractor," Colony forecast at a recent conference in New York. As a result, outsourcers will be able to demand top dollar for their expertise, he said. Forrester estimates that service revenue for outsourcers working on the millennium bug will peak at $20 billion in 1999, before dropping back to roughly $15 billion in 2000. That compares with only $12.5 billion in 1997. Colony also said that companies that only begin looking for Year 2000 staff in July or August "won't get the people." And with remediation costs expected to rise, securities experts are looking for Year 2000 expenditures to spill over onto earnings reports.>>>> Still time jump on some of outsourcers at reasonable multiples! Full text of article at:http://www.yahoo.com/headlines/980126/tech/stories/2000_1.html Just my opinion. Stewart V. Nelson

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