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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.28

+0.1%

Nov 25 3:59 PM EST

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To: JakeStraw who wrote (65344)	4/1/2004 11:48:33 AM
From: Lizzie Tudor	Read Replies (1) of 77400

I don't know Jakestraw because nobody keeps track of these numbers. According to the businessweek report, "outsourcing" (not sure how they define this) accounted for a few hundred million in 02 according to the commerce dept. Well, one company that I am very familiar with (Applied Materials) probably did 100mm on their own in outsourcing business in 02. So however the commerce dept is sourcing these numbers, they are way off, and finally wallstreet is catching up (Goldman is apparently responsible for a research report that provided the details for the businessweek article). Most companies don't post jobs offshore anymore (they are trying to hide it, obviously) but occassionally you find one and this is typical. tumbleweed.com This is high tech, the field I am familiar with but apparently manufacturing is worse, in fact the radio flyer wagon company just announced they are moving production to China. In my view this is the #1 issue for our economy and personally I am tired of high tech executives and their tunnel vision on anything that benefits them (at the expense of the US) like this trend, but are quick to wave the flag and whine about US competitiveness with China if the outcome means they keep their options. BTW mindmeld it sure looks like options are going down, you got your wish. Even I've turned on the tech lobby, thats how in bed with corporate corruption they are. Last I heard they were pushing to up the visa caps. I would like to support Chambers on his agenda though, and he does push for options.

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