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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (12524)	11/2/1997 8:44:00 PM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 18263

Roger, "Jack King commented that the worldwide IT budget was between 3 and 3 1/2 trillion and y2k would be about 10% of that". I think if you want to arrive at an answer of $300 billion, you have to make assumptions similar to the above. I think the infeasibility of this "$3 trillion global IT budget" further helps discredit the Gartneresque "$300-$600 billion" Y2K cost estimates. There is no way the global IT market is $3 trillion (per year? over the next three years? He didn't say...). This is twice the U.S. Federal budget, half the US GDP (as you mentioned), etc, etc. But this is a bit of a red herring anyhow, since Zitel does not seem to be on track to get any of the global Y2K IT budget. Zitel will have to prove that it is _in_ the Y2K business, before we start worrying about the upper limits to their growth potential ;-) - Daniel