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"I've canceled all my future travel for the time being," said Kevin Klein, who runs KK Solutions, an information technology service in Los Angeles.
White Plains-based Texaco has awarded a five-year, $100 million contract to IBM Global Services to be the company's primary global information technology service provider.
The information technology service, which serves 60 airlines and 40 airports around the world, had $400 million in revenue last year.
Mrs. Hildebrandt, 28, is a staff consultant in Washington for TechCaliber Consulting, which provides telecommunications and information technology service inventory and rate analysis for corporations.
The information technology service industry developed in India in large part because of the availability of inexpensive skilled labor, an advantage that is eroding as wages and other costs rise in the country.
Along with the money offer, Motorola Mobility, soon to be part of Google, is also offering an information technology service for professional customers to set up their accounts, transfer contacts and coordinate with corporate I.T. departments, according to a Motorola Mobility spokesman.
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Well under a million people work in information technology services.
In 2003, First Consulting Group, an information technology services provider, bought Paragon.
The only grouping we recommend investors be overweighted in is information technology services and computer services.
"In general, spending on information technology services is growing about 14percentt a year," he said.
The company is also focusing more effort on information technology services, mainly through acquisitions.
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