Word: teche
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...momentary lapse of enthusiasm Wednesday, Internet stocks reignited Thursday following an amazing spate of announcements from Wall Street's darling, Yahoo. The buoyant trio of Net portals -- Yahoo, Excite and Lycos -- was up a combined 20 points by noon, with Yahoo accounting for half that gain, and the tech-heavy NASDAQ was pushing into record territory...
...says Allan Kolber, chief enterprise architect at New Jersey-based technical-services provider Butler International, is people who know data warehousing and business-process re-engineering. Anyone who can deal with changes in the formatting of data, or "the domain change" as it is referred to in the high-tech world, says Kolber, "can write his or her own ticket...
Surprisingly, though, many employers are not yet exploring new ways of finding help. Take the 300 financial, high-tech, manufacturing and management-consulting firms surveyed by Select Appointments North America, a company based in Woburn, Mass., that supplies workers to many industries. Four-fifths of the firms thought they could increase sales if they could find as many skilled workers as they wanted; 10% believed they could double revenues. Yet fewer than a third plan new training programs, and only 14% advertise on the Internet. "The skill gap is causing a lot of the companies to lose...
That may ease the labor shortage but will not end it. Demand for high-tech workers will still outstrip the number of new graduates versed in science and math, creating employment bottlenecks. Fromstein suggests that one solution would be to attract more female students into these fields, which are still regarded, irrationally, as "male oriented...
Another Young Turk, Christine Baxter, 29, thinks her age helps her relate to young tech entrepreneurs she tracks as manager of the $1.2 billion PBHG Emerging Growth Fund. "This is an incredibly taxing business [that requires so much] energy," says Baxter, a philosophy major who has averaged a 20% return since 1995. Says Kurt Brower, author of Mutual Fund Mastery: "It's like surgeons--eventually they have to operate." Investors can only hope that if things go bad, these green managers can stop the bleeding...