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Not sure for your expertise. If it's IT, should we be more cautious? Would IT recover from the latest selloff? Most companies now view IT department as cost centers.

CSCO CEO John Chambers even thought about half of Nasdaq 100 largest IT companies would be gone within next five years. IT's really bad news for IT guys. Look at excite@home, and palm today, you will know it's not a kidding. Few companies means few opportunities for IT job hunters. As a IT guy, I really do not like this consolidation and more risks for high-tech stocks.
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