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Technology Stocks : Intel Corporation (INTC)
INTC 36.66+1.3%3:59 PM EST

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To: Lizzie Tudor who wrote (176533)1/21/2004 1:04:03 AM
From: Amy J  Read Replies (1) of 186894
 
Hi Lizzie, "Demand For Engineers Rising Fast In U.S."

I'm hearing more talk about raises in the Valley.

When Intel announced the $200M fund, nearly every hardware engineer heard about the fund, meaning this creates a perception of wage pressure on startups. Not necessarily a bad thing, because it'll actually keep more engineers in the field.

IBM announced hiring plans for 4750 people.

story.news.yahoo.com

Tue Jan 20,11:25 AM ET

By Brian Deagon

The National Science Board and a think tank of tech executives recently warned that the economic vitality of America is threatened by a lack of U.S. graduates in science and engineering.

Also, the Bureau of Labor Statistics says demand for science and engineering workers will increase three times faster than all job categories this decade. Eighty-six percent of those jobs - 2.2 million - will be in the computer field.

The National Science Board and the Computer Systems Policy Project have voiced concerns about the increased reliance on foreign workers and jobs moving offshore. But they are more concerned other countries are doing more to educate their work force, making them more competitive with the U.S.

The bigger issue, say the NSB and CSPP, is that America may be losing ground to foreign nations that are doing a better job of educating their youth in science and engineering.

If the U.S. is to maintain its global leadership, it must ramp up its science, mathematics and engineering training, these groups say.

Emerging fields such as biomedicine and nanotechnology are future drivers of the American economy, just as computers and networking were in the '90s, says Miller.
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