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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (9756)	12/1/2001 8:19:12 AM
From: LTK007	Respond to of 99280

Saw a software specialist on Bloomberg's saying he sees but a chance of 5% growth of business in IT ware for all of 2002. He ,not surprisingly,is seeing security software as strongest ,but says any dollars being added to security software budgets will be subtracted from other software budgets,in the main. He said XP is very low on the corporate buying list.Max p.s. my nephew went from a 250k a year V.P. in an IT company to begging for work as an independent consultant as his company went under.He had to sell his yacht and take his kids out of private school,I am all tears-NOT! That he was making 200k for over ten years,on the average,and now is praying for the market to save his butt does not make it to my boohoo list,he dug his own grave.

To: Softechie who wrote (9756)	12/1/2001 1:01:10 PM
From: MSI	Read Replies (1) \| Respond to of 99280

I don't know what's happening w. the H1b visa situation, but one of my dot-bomb client companies had 40% Indian programmers (about 300), and has just about cratered. Almost all that I talked to fully expected to become citizens eventually, bringing over their girlfriends etc. I'm not sure if H1b's are returning to home country, or are hanging out still competing in the marketplace? If so, it may be a couple years yet for demand to meet supply

To: Softechie who wrote (9756)	12/1/2001 2:16:28 PM
From: Kevin McKenzie	Respond to of 99280

Softechie, I agree with your conclusion, that IT spending is way down and IT managers, executives and consultants are facing tough times. But I don't know if I agree with all of your reasoning. I was in IT Consulting for 10 years and the money did flow fairly freely. Many of the multi-million dollar projects I was aware of didn't even get implemented, and still companies kept spending more on IT. I think there has been a gradually accelerating shift towards bottom-line accountability of computer system spending. Companies are finally starting to ask "How will this system make me money and how long will it take to pay for itself?" I don't think that question was seriously asked in the 80's and 90's. So much money has been spent replacing a perfectly good system with a marginally better (or worse) one. That isn't being done as much anymore. So many top level executives were frightened into spending money on technology because they were convinced that if they didn't their competition would, and would gain a "competitive advantage". Anyway, this is just me rambling and doesn't really help anyone make trading or investment decisions. Good luck with your trading. Kevin