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Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST
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To: Amy J who wrote (176966)2/9/2004 8:49:12 AM
From: Proud_Infidel   of 186894
 
Amy,

I live in PA and watched as Bethlehem Steel went down the tubes. My father worked there for 22 years so I know full well how many people were hurt by this debacle. But I am also aware that the company was not helped by incompetent executives, greedy unions and the like. Once a company becomes a certain size, it seems to me as if it becomes a free-for-all among the executives, unions etc grabbing all they can in money and perks. I am seeing many of the same patterns today I saw 20 years ago. The common good of the company is being pushed aside for ST gains by a few. Offshoring may help prop up profitability in the ST, but what about quality, IP theft etc etc? These things are being ignored- I have seen it before and do not like the parallels.

However, it should also be noted that IMO it is not a bad thing to have 50% of the workforce of a company overseas if the company derives 50 of its revenues there....but to do it in a knee-jerk kind of way and send all of your people there simply because others are is foolish beyond imagination. As a final note, health care costs must be brought in line if we are to seriously address this problem. Drug and health care costs cannot increase by 12% a year while the economy grows at 3%....the math simply does not add up. One industry which is grabbing all they can is the healthcare industry at the current moment.....but that is for another post:-)

Regards,

Brian
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