Generally the economy is not doing well on the whole even though Mr Greenspan have said that the economy actually rebounced on a marginal basis. The info sec industry is in the eyes of others a relatively new area even though its not and frankly who would want to invest on something that ROI is not guaranteeed. IMHO, the ecnomy is generally on the down turn and time is the essence to ride it out. Many companies are doing restructuring in order to appear to the investors that their foundations are stable. Until the economy takes a relatively bounce back, this will probably persists for the next 3 quarters until the pressure is off. Already I have noted within the industry that there are cutbacks and major corporations are withholding or reducing their budget for info sec audit and other related activities. Just my 2-cts worth, Dan -----Original Message----- From: Pete Patamis [mailto:PetePatamisat_private] Sent: Wednesday, May 02, 2001 9:54 AM To: SECURITYJOBSat_private Subject: Changes to the Info Sec Marketplace ?? Last week there was bad news about pilot.net going under and I've recently heard news/rumor about troubles (and maybe big cuts) at Salinas and some of the big accounting firms' info sec practices. Curious to hear some opinions - is this a symptom of a general economic downturn in the tech sector or do you think the info sec industry is starting to undergo some consolidation? Do you think some of the newer publically-traded or investor-backed info sec firms are under more pressure? And do you think the cuts/troubles are a symptom that big business is freezing spending on security until the stock market improves? I think these topics are important to us who are considering job/career changes... Pete
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