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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: Lizzie Tudor who wrote (64531)9/14/2003 3:26:56 PM
From: Stock Farmer  Read Replies (1) of 77397
 
Perhaps.

It's not just Oracle though, nor is it so simply due to "outsourcing". This is more of a network relationship than linear cause-and-effect situation.

And it is systemic, as I was trying to describe and not something that any corporation can avoid. To grow large, they must compete for international markets. To do so they must create international labor markets. And having done so they shift the equilibrium point for themselves and all collateral businesses. Possibly killing some business opportunities, but also creating some anew. Some of which in turn will grow and compete internationally...

We saw this with cotton. And with steel. And with many other businesses. And now we are seeing it with software. It isn't new. It's just different.

Of course, to cotton growers and steel magnates and, now, to software engineers, it is a horrible problem. But those of us who wear cotton or rely on steel... well we all ended up better off. We can expect the same as the software industry matures.
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