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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: mary_a who wrote (59694)	6/6/2002 5:52:22 PM
From: Lizzie Tudor	Read Replies (1) of 77399

labor is down thats the big problem with any inflationary talk. And we're talking WAY down, not only due to the recession but because the internet is enabling all these operational areas of companies to be outsourced to the 3rd world (like india). In the 80s and 90s there was outsourcing to cheaper regions for mfg but this new trend is different in that it takes staff positions within the same corporate org and outsources the commodity jobs. I hear what you're saying about gas etc. but I will believe in the inflationary talk I hear when I start to see labor prices rise. Jmo

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