BUSINESSWEEK ONLINE : FEBRUARY 19, 2001 ISSUE
FINANCE Fidelity Is Pumping Up Budget outlays are set to soar in 2001 -- Technology budget up 20% to $2.3 billion -- Net development budget up over 30%, to $350 million -- Telephone support spending up about 35%, to $350 million -- New hiring will increase staffing 10%, to 36,000 -- Advertising outlays will top $100 million Data: Fidelity Investments _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Can Fidelity Spend Its Way Back to Fast Growth? RESUME: Robert L. Reynolds TABLE: Fidelity Is Pumping Up INTERACT E-Mail to Business Week Online

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