KEA (Keane) Application Outsourcing for E-Commerce Message Board

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Technology Stocks : KEA (Keane) Application Outsourcing for E-Commerce

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To: Yogizuna who wrote (32)	11/15/2000 9:28:20 AM
From: vestor	Read Replies (1) of 34

KEA and others, Horizon, DCI, Ajilon, etc. all expeiencing diminished business. This continues but the rate of business loss is decreasing. Consulting firms had pushed for allowing high tech non US citizens to enter the US job pool. With Y2k over and now there being too many techies looking for the same jobs there is a glut. Thus there are many willing to take less salary and thus profit margins are squeezed as clients realize how hungry the Consuting firms are. What is most surprising is that several consluting firms convinced congress to increase the number allowed to enter the US for HT positions. I believe it hs to do with PAC money. Being a consultant, I am earning today what I had earned 10 years ago. It was very differcult to get work and many co-workers are pounding the pavement for work. The profit margin on me, I am told, is slim. My office has lost about 100 positions from its peak and this is only at one branch. In the near term I do not see relief, as an investor. Until demand comes back profit margins will be compromised. With the flood gates opened to much cheaper labor mny clients find it appealing to just hire employees.

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