Early signs of end to economic woes

Technology analysts live in one of two camps. One believes the enormous investment in response to telecoms deregulation, Y2K and the dot.com boom has created excess supply that will take years to work off. We don't share this gloomy view, though. We believe that, although the boom went too far, the key lesson of the current downturn is that technology investment is cyclical. So, as the economy recovers, technology spending will also recover. The US economic downturn is the main source of current problems, but it will respond to further monetary easing and show signs of recovery very soon....