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To: stockid who wrote (590)	10/2/2002 10:38:51 PM
From: stockid	Read Replies (1) \| Respond to of 1903

From Harry...... On Monday I wrote of a 34% decline in IT budgets in 2002 for the Information Week 500 -- the largest IT spenders in the land. To reinforce that, yesterday's Electronic News magazine (I read a lot of periodicals) talks about how "Selfware Dampens IT Spending." The statistics, which came from AMR Research: + "Between 1999 and Q2 2001, companies bought $55 billion in ERP and B2B software + Less than half of business software purchased in 2001 is up and running. + Of the top 15 analytical software packages, 39% to 62% sit on the shelves uninstalled. The article concludes: "If the process of implementing IT tools purchased over the past three years is still keeping companies busy, where and when is real IT spending likely to return? The answer: "Not until we see the restitution of investor confidence.... Until then, it's scaled down to short-term revenue increase or cost reduction rather than long-term investment." SK