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To: dennis michael patterson who wrote (33113)	10/16/2000 11:12:42 PM
From: Lucretius	Read Replies (1) \| Respond to of 42787

LOL!

To: dennis michael patterson who wrote (33113)	10/16/2000 11:12:42 PM
From: Lucretius	Respond to of 42787

doh... excess post.

To: dennis michael patterson who wrote (33113)	10/16/2000 11:38:25 PM
From: bobby beara	Respond to of 42787

????b, you said this friday morning.????? Message 14574029

To: dennis michael patterson who wrote (33113)	10/17/2000 6:12:03 AM
From: minorejoy2000	Read Replies (1) \| Respond to of 42787

Dennis, Have you seen the following article on corporate tech spending? Until I learn to link I have no choice but to copy and paste (sorry). Interesting article. I borrow it from a post on Ragingbull last night. >>Conditions "perfect" for greater tech spending-report October 16, 2000 7:49:00 PM ET By Eric Auchard NEW YORK, Oct 16 (Reuters) - Conditions have never been better for stepped-up corporate spending on new technology, despite a bear market in computer stocks and a spate of recent dotcom blow-ups, a top market research firm said on Monday. Gartner Group Inc. (IT), the world's largest technology consulting group, said a confluence of positive economic, social and technological trends have created the possibilities for what it calls "The Perfect Economy" in a new report. Ken McGee, Gartner's vice president of research, said new corporate technology spending has become a major source of revenue-generating business instead of simply a means of reining in costs in "back-office" record-keeping functions. But while most economists have accepted technology-driven productivity as driving recent global economic growth, the Gartner report runs counter to Wall Street fears that the rate of technology investment may be slowing in the near-future. "We have perfect conditions for technology breakthroughs, the only variable is the guts and conviction of business leaders in the wake of dotcom hysteria," McGee said in an interview. Gartner Group's outlook is used by many of the world's largest technology vendors and business customers to formulate capital spending plans over the next several years. Gartner estimates that more than $1 trillion will be spent on new computers, networks and information technology services in 2000 in North America, part of $25 trillion in total goods and services that will change hands in the business economy. The Stamford, Conn.-based market research firm, which advises 11,000 corporate clients on technology strategy, said uniquely favourable conditions have set the stage for an acceleration of spending on new networked business technology. The report was released at the opening day of Gartner's annual technology symposium in Orlando, Florida, where 7,500 corporate executives and technology buyers have gathered to hear forecasts of the latest business technology trends. A virtuous economic environment and the efficiencies of conducting business via the Internet are encouraging companies to invest increasingly in so-called "front office" functions such as sales and marketing software and electronic exchanges used to procure business products and services, Gartner said. Sustained economic growth, full employment and low inflation in the United States and other industrialised nations have created what Gartner considers the "perfect conditions for heavily investing in and deploying technology." Gartner said another rapid growth area would be so-called application service provider (ASP) industry -- companies that rent software-based business services to other firms over the Internet -- the collective revenues of which are poised to skyrocket to $25 billion in 2004 from $1 billion in 1999. This new target of corporate technology spending, which has taken off only in the past year, contrasts with traditional corporate strategy, which has been focused on automating work functions, cutting costs and bolstering corporate profits. McGee predicted that more than half of future corporate technology spending will be for functions beyond traditional "back office" bookkeeping, either for "front office" business activities or on technology to connect with other companies. Increased technology spending will come at the expense of some existing corporate activities, McGee said. He predicted that as much as 30 percent of corporate budgets spent on mass-market advertising, direct mail or other marketing would shift into technologies that allow pin-pointed customer sales. "Three years ago the value of goods and services bought and sold electronically was negligible," McGee said in an interview. "In three years (2003) the market will surpass the $1 trillion mark. By 2004, we expect another trillion dollars in goods and services to be sold over business networks," he said. Gartner predicted that governments will begin to impose taxes on businesses that buy and sell goods over the Internet once the value of electronic sales exceeds the $1 trillion mark. The U.S. government has so far upheld a moratorium on Internet taxes so as to foster the growth of the new medium. Soon technology spending will be seen as one of the handful of essential tools chief executives use in order to drive revenue and profit growth, as well transforming the very way a company and its investors track the firm's finances, it said. Within five years, for example, companies will begin to report quarterly earnings before the end of each quarter, Gartner predicted. By 2010, stock trading will not be based on Wall Street's ritual demand that a company meet financial analyst earnings estimates, but rather on the company's ability to close its books and announce earnings per share on a daily basis.<<