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  "documentTitle": "2001 Bond Cap Internet Trends 2001",
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      "text": "In 2000, U.S. IT spending rose 23% Y/Y. Only 3 years since 1960 when annual IT spending growth exceeded or equaled 23%.",
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      "text": "Inventory adjustments, company rationalization, more bankruptcies, market confidence, psychology, and the passage of time are key variables for recovery. Note that it is important to differentiate between the recent strong growth in I.T. spending and the excesses in the Telecom Services area.",
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