CEOs "scared to death"
The overwhelming sentiment at the SG Cowen and Salomon Smith Barney technology conferences, held in Boston and New York respectively, was that there's no end in sight
The mantra from executives attending the conferences has been about how well companies are faring considering what has been characterized as the worst downturn ever and how much better they will be once business improves.
The problem is: Nobody knows when that improvement will hit.
While CEOs are doing a "good job" setting expectations low and at the same time articulating how they are managing through the downturn, they are "scared to death," said Mr. Gustin.