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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.92

+2.0%

11:47 AM EST

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To: Elroy who wrote (65664)	7/1/2004 12:29:48 PM
From: Lizzie Tudor	Read Replies (2) of 77400

I wasn't talking about manufacturing in this case, I was talking about chip design, that would be engineering- formerly called the "white collar" workforce being outsourced. So a different spin on the globalization argument. Remember the original spin on globalization was that the US would create industries but keep the "high value add" jobs here. We don't do that anymore. The high value add jobs are gone and all that is left here is low value and sr. management (also low value due to overcompensation). Another crappy mkt day, same old same old. Here we are back in the 70s.

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