- This years continues with bad economic news on IT companies and
political unrest in various parts of the world. The so hoped for
revival of the IT industry stays away.
- Large corporations world wide, like the Banking and Insurance
industries, are cutting heavy in their IT expenses or postponing
investments.
- Worldwide IT persons are fired by the thoudsands every month.
- Governments, never smart in IT development and longterm planning,
are severely cutting back in education and R&D supportive measures.
- SOHO companies, consulting firms, are either seeking employment
in companies or stop their business all together. But a fact is
that they are almost evaporating from the earth's surface.
- Replacement of computers and software is postponed for another
year, again not very stimulating for the revival of the industry.
- The Enron and IMC scandals on bookkeeping practices are felt in
the entire industry, worldwide.
- The only company that is really going strong is Microsoft, mainly
because of her new license policy that reaps in enormous profits.
- The USA's campagne to overthrow Saddam Hussein continues to negatively
influence the development of the 'electronic' in particular and
the worldwide productioin chain in general (less demand causes in
the long run dwindling investments).
- Companies are even more reluctant to invest in new technology
and knowledge than last year.
In short if these signals do keep on coming the IT industry is going
to be severely mamed for the next 10 years. Unless a something smart
invention will revolutionize the industry again. So far one is 'milking
the old cow'
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