Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.36

-1.3%

3:50 PM EST

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To: Amy J who wrote (176977)	2/9/2004 10:26:25 AM
From: Lizzie Tudor	Read Replies (2) of 186894

sheesh Amy, I am not saying ALL microsoft development is overseas. But the point is, that these companies are charging very high prices to their primary market which is US consumers, and this money is going to fund offshore development, this would be plant equipment as well as staff. How does this benefit the US? You might be able to make an argument that msft corporate taxes would improve, but corporate taxes as a % of GDP are at 1930s levels. So no real gain, just a capital drain from here to there, in the name of profits and CEO pay. You are aware of the fact that despite record profits the USA economy is adding fewer jobs than the nation of Canada, right? Out of the 112K jobs added in Jan, 72K were retail. Lets be real, this practice is sucking the life out of the US economy and statistics paint that clearly, why deny it?

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