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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.41

+1.4%

10:05 AM EST

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To: Lizzie Tudor who wrote (65666)	7/1/2004 12:48:39 PM
From: Elroy	Read Replies (2) of 77400

I wasn't talking about manufacturing in this case, I was talking about chip design No you weren't. You were talking about manufacturing to support your thesis that HPQ and Cisco offshore too many jobs relative to their worldwide sales. Elroy, simple % sales vs. % employees calculations don't work, because HP, CIsco etc. use contract manufacturers in asia - most of the people employed in building these products for US companies are actually in Asia and not employees of HP or Cisco at all. Regardless, even with chip design, CSCO still has >50% of sales overseas, but I doubt they have > than 50% of chip designers overseas. I don't see what your beef is. At the end of the day if a chip designer in Tiajuana can do the same job as a chip designer one hour North in San Diego, CSCO ought to employ the Tijuana-based dude. Elroy

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