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Technology Stocks : Nortel Networks (NT)
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To: William Hunt who wrote (9802)2/16/2001 6:18:33 AM
From: elmatador  Read Replies (1) of 14638
 
About lay offs. If the Internet promise had been fulfilled, the job cuts would be even bigger. Imagine all the people that hang around what is known as supply chain. If the so-called B2B, B2C or X2X would be running then the layoffs would be brutal.

I worked in a big telecom vendor that has 150 tools to track orders. It would cost USD100 million to replace them all. So they are still there. But there are existing solutions for that. Now they have "supply centers", spread all over the world, where people act as middle man between their local companies, (they call it marketing units now) and the people who really have the goods to deliver. They are asking to be laid off.

When I see telecoms project implementation. It is the same. They still have many dead-weight being carried about You have quality people which were added to acceptance people, and then documentation is a dept itself the whole thing just cause delays and add nothing to the business of the customer.

But if the Internet promise had been realised, (X2X and all) the job losses of the hangers around would be compensated by the gains in the Internet sector. The problem is that the CEO's are a bunch of wimps that don't do what they have to. That's why LU's McGinn deserved the kick in the butt he got.

I' m a savage capitalist and I am too old to change.
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