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Tech Spending Slows On Wall Street

Traders Magazine, November 2001

Greg Bresiger

IT spending, in the wake of the Sept. 11 tragedy, is slowing down on Wall Street. Technology spending in the securities industry will grow by two percent this year and will be flat in 2002, according to Larry Tabb, vice president of the TowerGroup, the Needham, Mass.-based securities consulting firm.

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