Steven Milunovich Last Quotations

Many corporations upgraded their PCs in preparation for Y2K, which boosted demand last year, ... If you figure on a three-year upgrade cycle, companies will not feel a need to upgrade in 2001. Corporate IT budgets are focused more on adapting to the Internet, which includes networking hardware, storage, and e-commerce software.

The good news is that tech is getting oversold and could stage a rally, but we doubt the rally would last long.