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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| January 03, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

CIOs see tech spending up 3%

Corporate IT spending will inch up in '02 as firms refocus on security in the wake of Sept. 11, a Merrill Lynch survey found. Last year tech spending slid 1%. At the start of '01, CIOs expected IT spending to grow 9%. Most CIOs cut budgets at least twice in '01, mostly in staffing, consulting and hardware.

MEDIA

Report quells AOL '01 good news

Morgan Stanley Dean Witter questioned if AOL Time Warner can sustain its subscriber growth. The media titan's America Online unit said member Web buying jumped 67%, topping $33 bil last year. Q4 spending jumped to $11 bil, up 72%, helped by $7.2 bil in holiday sales.

CNN's Susteren goes to Fox News

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