Tech Sales Lag, But 2002 Growth Seen

Even before the horrific attacks of Sept. 11, the economy was heading south, and nowhere was this more evident than in the technology sector, where hardware and storage systems in particular were hard hit.

As slow as things were overall, however, the insurance industry in 2001 lived up to its reputation, lagging even farther behind in adopting technology initiatives.

The economic malaise in technology was obvious at Fall Comdex 2001, the computer industrys premier technology conference. According to Needham, Mass.-based Key3Media, the organization that runs Comdex, attendance was off by 30 percent from the 200,000 who were there in 2000. The consensus of those who did attend, however, was that the drop was more like 50 percent.

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