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Technology Stocks : Intel Corporation (INTC)
INTC 39.36-0.1%Jan 5 3:59 PM EST

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To: Lizzie Tudor who wrote (176651)1/26/2004 4:47:15 PM
From: Lizzie Tudor   of 186894
 
funny thing, after I posted this, I happened upon this article (from Yahoo finance home page)

High-Tech Degrees Don't Guarantee Jobs

While there are hopeful signs outside the technology sector, outsourcing of computer programming and customer service jobs to China, India and other countries with cheaper labor costs have dimmed prospects for seniors like computer-science major Andrew Zhou, said Richard White, director of career services at Rutgers.

Eager to ride the high-tech tide, Zhou double-majored in computer science and finance when he arrived at Rutgers University in 2000.

But as graduation approaches, Zhou is pinning his hopes on finance and dropping the idea he once had that computer know-how guaranteed him a job.

"Four years ago, it seemed like an awesome major," Zhou said as he waited to speak with a recruiter for a telecommunications management firm at Rutgers' annual career day.

"Now, nobody wants to get in because all the jobs are going to India."

White noted that "Jobs that used to be available for U.S. citizens are being diverted overseas where the quality is equal or better at a fraction of the cost."

biz.yahoo.com
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