http://www.businessweek.com/bwdaily/dnflash/aug2003/nf20030827_6640_db016.htm
Brief article suggesting that there are more solid signs for optimism in terms of an economic recovery, which in turn will result in more innovation. Should this in fact come to pass, of course, it does not mean that those areas of the IT industry which were wrecked in the bubble collapse will suddenly come roaring back. A more likely prospect: a majority of the new jobs will demand familiarity with new technology, not a background in what's here now.
On the other hand, the whole IT infrastructure issue is one which won't go away, and there are limits to how much of this can be parcelled out to India. If an economic upturn creates a need for a more robust and extensive network mesh, we may yet see some recovery in some [but not all] traditional IT specialties.
Posted by jho at September 2, 2003 03:50 PM