Software Plays That Should Firm UpBy
Buy technology, says Joseph Battipaglia, if you want to win big in the next rally. The accelerating pace of innovation on and off the Web, he argues, is forcing businesses to invest more heavily in info tech than ever before. The chief investment strategist at Gruntal, a New York investment bank, notes that spending in the U.S. on gear and software in 1999 totaled nearly $1 trillion "and has yet to show any sign of slowing down." He says developing software applications for e-commerce will be critical in the New Economy.
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