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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (54317)	10/19/2001 1:13:53 PM
From: michael97123	Respond to of 70976

"Amazing woman." Brian, My hope is that one day the "amazing women" of Afghanistan will be free again once the tyranny of the clerics is overthrown. This has given me new regard for appreciation of separation of church and state in the US. mike

To: Proud_Infidel who wrote (54317)	10/19/2001 2:08:09 PM
From: Proud_Infidel	Respond to of 70976

12% dip in IT spending this year will be 1st annual decline in decade SCOTTSDALE, Ariz.--Don't count on information technology customers to help lift the chip business out of the hole this year or maybe even 2002. Overall business IT spending will fall more than 12% this year from 2000--the first annual decline in overall business IT spending in a decade, according to Cahner's In-Stat Group. The impact of the September 11th terrorist attacks is expected to drive IT spending down even more, particularly among companies with less than 100 full-time employees, where business failures are predicted to be on the rise. Along with smaller IT budgets in 2001, this guarantees falling IT spending by U.S. businesses this year and a slow recovery in the future, In-Stat says. "This is literally a new economy," says In-Stat research director Kneko Burney. "The unfortunate reality is that many businesses over-invested in IT products and services in 2000, creating sluggish demand in 2001," he says. This factor alone was expected to lead to a decline in IT spending before the September 11th attacks, he adds. "We believe the fear and economic uncertainty following [these events] will lead to a freeze in IT investments for the next few months and will continue to negatively impact our economy and IT spending well into 2002." IT spending segments that will be least affected by the attacks will be communication services, networking, and outside services such as applications integration and hosting, In-Stat predicts. The average company spending for IT this year is predicted to be $19 million for enterprise firms (more than 1,000 employees), a drop of 18% from 2000; $846,000 for middle market firms (100 to 999 employees), a decline of 13%; $70,000 for small businesses (5 to 99 employees), a drop of 17%; and $6,000 for SOHO businesses with less than five employees, a decline of 27%.