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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Lizzie Tudor who wrote (65669)	7/1/2004 1:03:11 PM
From: Kirk ©	Read Replies (2) of 77400

Lizzie "ONLY if the senior management at cisco is willing to accept the decline in buying power from the US-base. If Cisco is willing to accept mexico gross margins WORLDWIDE, then by all means move your entire workforce offshore." The idea is to make it up on volume. Also, if Cisco doesn't move the jobs offshore, then someone else will and take their US business away with lower costs. THAT is the reality. Of course, my job at HP for 20 years was to design products we first build in the US then ship the mfg over to Asia.... when I left, we were shifting much of the design jobs and the good jobs left were inventing new technology. The most interesting thing is we had far fewer admins per engineer than 20 years earlier due to PCs. In the 1980's, most first level managers with a staff had an admin... this was not the case when I left.

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