ok. time to put on my economics hat and give direction to this thread and to the people subscribing to this newsgroup. (this is the only time I am going to put my Economics degree to good use :) ) A. every market and industry is and will be governed by the basic principles of economics: demand and supply of labour resources. B. The tech industry is unusual in that way, that it was governed by market hype since 1996 approx. as opposed to sound accounting principles such as Stock P/E (price to earnings ratios), debt ratios, future earning potential and other wonderful Accounting ratios. C. Companies like Nortel did not have sound cost structures and did very VERY poor market demand forcast analysis and therefore have as a result huge amount of inventory piling up in their godowns. Now, what will remain after this shake up is truly sound .DOT coms and tech companies w/ sound business plans and have a good grip on the demand for their products and services. Conclusion: .DOT coms will not go away but wil emerge stronger and Smarter than before. + not every guy around the block will own a DOT com ! Remember technology is fun for techies like us (how manay of use have or own 2nd hand Solaris box at home for fun!) but the people buying technology want to see sound busines cases and view technology as a business enabler that will reduce operating costs . Esc :wq $ . ./penut gallery end discussion $ clear Rgds. Kumar. your friendly neighborhood business techie. Ken Pfeil wrote: > There's been some good postings and sound advice from the "headhunter" (your > words, not mine) community on this, but this ain't one of 'em. The gloom and > doom "take whatever we give you" attitude will only find you desperate > people that will jump ship the first chance they get. You will not find the > seasoned security or IT professional looking for a home to hang his hat at > this way. The "variety" you describe is the very thing that may sink the > ship that your customer hopes to set sail. Quantity and quality are two > completely different things. You of all people should realize this. If you > don't, you are doing your customer and candidate a great disservice both. A > little respect and a professional manner in dealing with us is all we ask. I > certainly was not a "dot-com millionaire", nor would I ever expect to become > one in a market as strapped as this. No person with resonable expectations > would. And believe it or not, it still IS a short skill market if you are > talking to the right people. Not every person that can point a vuln scanner > at a system or run a posted script does a security professional make. > > Regards, > (My REAL name inserted here- Ken Pfeil) > > > -----Original Message----- > > From: tadiat_private [mailto:tadiat_private] > > Sent: Thursday, June 28, 2001 5:09 AM > > To: Jeff Gentry; securityjobsat_private > > Subject: "Peanut Gallery" > > > > > > > > the market will not pick up, the dot com era is history. I have trouble > > explaining this concept to security people world wide when they > > ask for jobs > > and hit me with a dotcom millionaire's salary and package > > requirements. the > > supply of candidates floating around unemployed and available has > > multiplied. everyone is taking less money because of the demand > > for jobs and > > the quantity of candidates available gives employers much more variety to > > pick from in what was once a "skill short market" welcome back > > to reality. > > > > > > -a head-hunter > > > > -----Original Message----- > > From: Jeff Gentry [mailto:listuserat_private] > > Sent: 25 June 2001 01:41 > > To: Mark Villanova > > Cc: Kenat_private; securityjobsat_private > > Subject: RE: Random Thoughts from the "Peanut Gallery" > > > > > > > out there. And this market slump cannot last forever. When the market > > > improves, companies will have to pay us what we are worth or lose us to > > > > One could make the argument that most of us were being overpaid in the > > recent upswing, and that things like this are merely bringing wages back > > in line with reality. > > > > -- > > Jeff Gentry jesterat_private gentrjat_private > > SEX DRUGS UNIX > > > >
This archive was generated by hypermail 2b30 : Fri Jun 29 2001 - 11:15:13 PDT