Quote:
Originally posted by Serge_Oprano@May 28 2004, 11:12 PM
Opti, what happened after those insentives expired?
|
I was a presales tech selling IBM systems at the time.. in that sector, our experience was that what appeared to be a goldmine at the time ended up seeing such an immediate sales dry up that companies where forced to put off masses of staff really fast.. That might sound like an obvious effect.. and it was expected to some extent but how fast it happened and just how many related businesses it affected was amazing.
Suppliers couldn't sustain such a massive Up followed by the massive down.. it wasnt possible for business to adjust fixed operating costs so fast was the basic problem I think.
The real long term damage was to the consumer businesses who had their books over-saturated with capital equipment though.. and in our case oversaturated with incredibily expensive mini computer systems at the exact time PC systems were coming of age :\