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Technology Stocks : Oracle Corporation (ORCL)

ORCL 227.00

-3.9%

Nov 12 3:59 PM EST

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To: ge who wrote (18272)	8/11/2003 5:16:23 PM
From: Lizzie Tudor	Read Replies (1) of 19079

The limit on work visas is more a reaction to 9/11 then it is a concession to poorly qualified and overpaid workers in the US. Look at the trading block that the EU has built and you see the future of the US or our economy I'll take my chances. IBM was a global company with facilities to produce whatever they wanted cheaper than the US, and yet the startups in silicon valley and Redmond broke IBMs dominance 10 years ago. Indian teams operating autonomously in India while US teams work here is healthy competition in my view. What is unhealthy is what I see happening now, where US development teams exist to train offshore teams. If these offshore teams are truly competitive, and their universities are superior, they should compete on their own. This is the best for both nations, healthy competition. Congress doesn't seem to be buying the "we'll just relocate to India" defense the CEOs have been shouting for 3 years now. Oracle can always follow I2 completely offshore and become an Indian company if they want.

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