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Monday, May 20, 2002

Feel The Momentum Shift Chief execs upbeat despite downturn. Despite massive unemployment, sluggish sales and bottom-feeding stock prices, executives at tech start-ups are optimistic about the future of their sector. Although most will slash administrative and travel expenses, many say they will soon expand employee ranks. Eighty-nine percent of the CEOs say they plan to hire new employees, but most are being conservative. Of those hiring, 49 percent anticipate adding less than 25 new employees; 20 percent plan to add 26-49 new employees; and 12 percent expect to hire 49-100 new employees. Only 6 percent say they plan to add 101-200 new employees, and a paltry 2 percent plan to hire more than 200 employees. [CNET News.com] Your Thoughts? [] Related Info?.

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