RE: Is IT growth slowing?

[tvirostko -at- familydollar -dot- com]

I would tend to agree with Connie. (And, NO, it's not just 'cause we're both
from NC.) Quite a bit of media hype surrounding the DOT.com bubble burst.

This article in WIRED NEWS
http://www.wired.com/news/business/0,1367,43101,00.html gives some hard
evidence that the IT demand still exceeds supply -- a good place to be.
(DOT.comers excluded, of course.)

The potential for information from say, your last trip to the grocery store
is astounding. All that information has to be managed for companies to
compete. Bring in the technology to handle it and the employees to 'make it
so.'  (me and you!)

Tony Virostko
IT Tech Writer
Family Dollar Stores, Inc.
Charlotte, NC


Subject: RE: Is IT growth slowing?
From: "Giordano, Connie" <Connie -dot- Giordano -at- FMR -dot- COM>
Date: Mon, 30 Apr 2001 15:09:47 -0400
X-Message-Number: 36

Elna,

I do believe that much of what has occurred in the last few months is media
hype.  But, being in North Carolina, which has an interesting mixture of
financial powerhouses, old-fashioned manufacturing and a growing IT
industry, I have begun to realize that there is more than the usual media
hype going on. I wonder how much of the economic downtown is really caused
by displacement of whole sectors of the economy--we are moving to an
information-based economy at an incredible rate. Companies founded in the
manufacturing economy not only have to deal with the change in the basis of
the economy but also upgrading their infrastructures to support their little
niche, then some painful displacement is going to occur.

At the same time the old economy is being displaced the information economy
has to mature--kind of makes for interesting times to say the least.  But if
the IT industries follow the old manufacturing model, then those companies
that deliver added value will survive, those that merely deliver product are
likely to evaporate or be absorbed.  

So history repeats itself again .......

MTC

Connie Giordano



-----Original Message-----
From: Elna Tymes [mailto:etymes -at- lts -dot- com]
Sent: Monday, April 30, 2001 2:34 PM
To: TECHWR-L
Subject: Is IT growth slowing?



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