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To: GraceZ who wrote (227)	4/18/2003 12:22:24 PM
From: tonka552000	Read Replies (1) \| Respond to of 4907

I think you will see an impact in the IT industry...I'd say 3 out of five people I know (in the industry)...have been looking for employment or (as bad) taking lesser positions with substantial pay cuts...they are "hoping" the industry will pull out of its slump and they will be able to recover....if it does not (in the next 6-9 months) they are in trouble...many will have to walk away from their homes (I'm serious, this is the conversation many of us are having)...many are sacrificing equity, most have evaporated college funds...in addition, many do not realize the IT industry is a "sales/performance" driven one...where up to half of one's income is based on commissions and/or performance bonuses (this includes the technical side of the house as well)...as a result, even the lucky ones have taken a "pay cut" during the downturn...

To: GraceZ who wrote (227)	4/18/2003 12:32:52 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 4907

Grace, Corporate earnings are under tremendous pressure, some old line companies will not survive. You look at the dinosaurs on the NYSE with their loads of debt, declining margins and in a low growth environment it's just a matter of time before they disappear. Until we see some real changes in corporate taxes you can expect corporations to continue to fail on a regular basis. This should always be a normal and healthy expectation, independent of taxes. No industry can remain profitable if every new entrant over time survives to just squat on potential profits. The laggards must be culled, not subsidized, and consolidation must certainly not be blocked by anti-trust fairy tales. Regards, Don

To: GraceZ who wrote (227)	4/19/2003 11:31:17 AM
From: mishedlo	Respond to of 4907

Corporate earnings are under tremendous pressure, some old line companies will not survive. You look at the dinosaurs on the NYSE with their loads of debt, declining margins and in a low growth environment it's just a matter of time before they disappear. Until we see some real changes in corporate taxes you can expect corporations to continue to fail on a regular basis. Grace, name your favorite short plays here please. Thanks. M