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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 19.68

-3.4%

2:14 PM EST

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To: MeDroogies who wrote (2891)	6/2/2003 1:48:20 PM
From: w0z	Read Replies (2) of 4345

"The difficulty of IT being REALLY cheaper abroad is based on a few factors - the top one being education. Some countries, like India, have a very well educated but low wage base." One of these days our educational institutions will realize they must be competitive, and stop their insane practices of tenure, continually lowered teaching hours per professor, etc. When I went to college (62-66), tuition was $1700 per year for each of my 4 years. For 2002-3, it is $29,600. If you multiply $1700 by the GDP deflator from 1962-2002, you get $8186.52 in today's dollars. Tuition has inflated by 7.4% per annum while inflation has averaged 4.0% over the same 40 year period. Just name one other industry that could get away with raising their prices by nearly twice the inflation rate and still be in business! With countries like India and China turning out graduates at a fraction of our costs, our universities need to wake up and contain their skyrocketing costs. jsc.nasa.gov

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