Cambridge, Mass. (Dec. 31, 2003) -- Despite the hype surrounding the mass exodus of IT jobs to cheaper workers overseas, the majority of Fortune 1,000 firms in the U.S. haven’t jumped on the offshore outsourcing bandwagon, according to a report by Forrester Research.

Forrester reported that 60 percent of the U.S.’s top companies aren’t spending any of their IT services budget offshore, and only 5 percent of the Fortune 1,000 are taking full advantage of offshore outsourcing, with offshore spending that ranges from 40 percent to 50 percent of their IT services budgets. According to Forrester, 25 percent of firms are in the experimentation phase -- they have relationships with offshore vendors for small projects but have yet to make it a key element of their IT strategy.

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