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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Mr Logic who wrote (11557)5/23/1998 11:23:00 PM
From: Steve Woas  Read Replies (1) of 13949
 
Patrick,

"Recent research from International Data Corp (IDC) shows clearly that IT spending patterns have already begun to change - and will continue to do so - as a direct result of the Year 2000. According to IDC analyst Tim Oleson, the average US company will dedicate 52.6% of its IT budget for 1998 to solving Year 2000 problems. That means IS managers must cut back elsewhere - and the area that is suffering the most as a result is application software. According to Oleson, of those companies that are planning cutbacks in IT expenditure in order to divert resources, 67% of companies are doing so on application software projects, compared to 63.8% on end-user hardware upgrades, 63.7% on network upgrades, 63% on server and host hardware, and 56% on infrastructural systems software such as Windows NT and databases."

gtbusiness.com
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