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What does $50.24 billion mean to you? By Art Gillis Apr 4, 2006 at 01:50 PM ET By Art Gillis It means two things to me. The net worth of Bill Gates and the amount of money it takes for 17,823 U.S.-based financial institutions to drive their technology for one year (2005). And this is why I keep harping on tech vendors to raise their sights on the big guys. Large banks spend 73.6% of the money. Mid-tier banks spend 16.8%. And the little guys spend 9.6%. In a recent presentation by the president of a large systems integration company, the man kept referring to a message of advice to his audience - “Follow the sun.” I may be wrong, but I took that to mean what another guy kept yelling to Jerry Maguire - “Show me the money.” Topics: BS&T Contributors » Weblog Main | » View Entries By Topic | » View Entries By Date This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers. Community standards in the message center do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this forum becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service. Important Note: The Message Center is NOT intended for commercial messages or solicitations of business. |
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