The Last to See the Payoff: Investors

Until big companies start spending big again, the software sector offers few compelling stock buys beyond some niche players

Even the most skeptical CFO has gotten the message by now. The Internet can eliminate paperwork, speed order processing, improve efficiency, and ultimately save the company money. The problem for investors in the software sector is that large companies don't much care right now. They remain focused on cutting costs without spending money to do it. The little that is being spent on Net initiatives is for small projects intended to make already-installed software work better.

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