On the contrary, there are a number of software houses already indicating that they will have an issue with cashflow. This usually means that they will be entering a phase of negative cashflow in the period where their original business plan would have indicated a pre Christmas / Christmas / 2 weeks post Christmas "Big Bang" cash input. This cash input will now be phased into quarter 2 2007 from quarter 4 2006, and the "big Bang" will not be quite as big because of the lack of Christmas.
The software houses, to keep their level of investment going over this extra 2 quarters, will now need a greater input from the banks, costing them more money. Also the profits made from this first "Big Bang" would have gone into early investment of new releases - also now delayed.
Also, all the manufacturers of the extra hardware (buying the extra handset etc) will now no longer need to produce them until next year.
In the meantime, companies will now need to look at "rebalancing", "downsizing", "separation" (call it what you will), and offload staff in the pre-Christmas period.
They may very well take on staff again in the first quarter of next year as demand picks up, but the damage will already have been done to those wage earners who themselves would have needed the money for their Christmas.