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Technology Stocks : Oracle Corporation (ORCL)

ORCL 243.86

-2.6%

3:59 PM EST

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To: Milan Shah who wrote (15491)	3/3/2001 5:04:44 PM
From: JSwanson	Read Replies (1) of 19079

Even when the marginalized pieces go offshore, US companies often have huge ownership interests in those pieces. What could be better than this - why do I care if the shirt on my back comes from the Phillipines if the company that made it is owned by me?!! Yup, it will show up as a trade deficit, but the profits and a large part of the assets used to produce that shirt, are owned by US interests. This ownership interest is not reflected in any of the popular statistics. Realize that Ford owns a huge chunk of Mazda and practically half the European car makers, and GM has a big stake in Toyota and owns the other half of the European car makers - how is this factored into the trade imbalances? As I was reading westpacific's post that is exactly what came to my mind. I think that's a very important point people fail to realize when looking at America's shift from manufacturing in the US to lower cost locations. As long as we own the assets it is not a bad thing. JS

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