A recently updated survey of U.S. college undergraduates indicates that the number of students declaring computer science as their major is running about the same as it has for the last three years, a continued sharp drop off from the Internet boom years and the lowest level of production since 1995. Based on the level of declared IT majors in each of the last four years, we project production of IT graduates to continue to fall through 2010. The Taulbee survey Computer Research News’ annual “Taulbee Survey” counts each year how many undergraduates have declared computer science as their major. The latest results show that the numbers, which had been falling precipitously the past few years, have stabilized. Some 12,195 undergraduates in the United States declared computer science/computer engineering as their major for the 2007-2008 academic year. This is slightly down from 12,783 declared majors in 2006. In 2003, declared computer science majors nose-dived 23% from 23,033 in 2002 to 17,706 in 2003 and then plunged 21.4% plunge from 15,950 in 2004 to 12,532 in 2005. These declines in declared computer science majors imply like declines in computer science graduates four academic years later.