Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: tonka552000 who wrote (231)	4/18/2003 12:56:35 PM
From: GraceZ	Read Replies (1) \| Respond to of 4907

I know a lot too. What these IT people haven't yet figured out is that the high salaries that they received in the 1990s were a temporary situation. Those jobs aren't coming back, not to them. Large profits are at best a temporary aberration and they are self correcting. After having seen numerous boom and busts in my own business I can tell you that your worst year follows soon after your best. What happens as you hit that peak is that you show up on the bean counter's radar as a large line item to be done away with. There's always someone somewhere that is hungrier then you are. A lot of companies figured out all at once that the IT departments were not returning anything near what they were putting into them, that they'd become a sink hole of expense. That and a lot of the work to transfer what had traditionally been manual operations to computerized operation is done and now it is simply a matter of maintenance.