Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: robert b furman who wrote (7477)	10/10/2003 10:47:47 AM
From: Proud_Infidel	Read Replies (2) of 25522

Listen up corporate America! ************************** Excerpt: Why is the U.S. waning? Grove says it's because of offshore outsourcing, lack of federal support of sciences education and a "ho-hum" telecommunications infrastructure. "We've lost more than 500,000 tech jobs in the last two years to foreign competitors." Indeed, many U.S.-based companies are either thinking about or have already sent white-collar jobs outside the country. Companies can often cut costs and boost productivity dramatically by hiring skilled labor in India and other countries. Much of that work lately has involved software development and professional services. It is this area where Grove fears the U.S. will lose technical leadership and market share. As proof, he said that the U.S. market share for steel and semiconductors has dropped precipitously over the years. "Is software and services next? It's a very valid question and it would be a miracle if it didn't happen," Grove said. forbes.com

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