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IT SQUAWKBOX

As the economy eases into recovery mode, investment banks will revive their IT spending but with severely restricted budgets. They will have to choose carefully to make their IT bucks go far and to avoid any false moves that might sink careers and projects. What follows is a completely biased list of what to consider once you plow through the hype of Web services, virus and spam attacks, and the next "Fear-Inducing IT Problem of the Month."

OFFSHORING: Undoubtedly this is the hottest IT spending

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