Making The Best Of The Credit DroughtAccording to CRN's latest cover story, Credit Crunch Hits The Channel, solution providers are seeing customers postpone or cancel projects due to financing worries. Of course, leave it to a VAR to find the bright side: "[Mont Phelps, CEO of NWN Corp] thinks, however, that the credit debacle could be a boom for solution providers active in managed services. 'Anything that you can do faster, better and cheaper than the customer, that's going to give them financial relief,' he said. Meanwhile, the Fed's commercial paper lending program is open for business, though it's success in energizing credit markets remains to be seen. Posted by Joe Caponi at 11:43 AM, October 28, 2008 This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers. Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media LLC and may be edited and republished in print or electronic format as outlined in United Business Media's Terms of Service. Important Note: This comment area is NOT intended for commercial messages or solicitations of business. |
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