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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.42

-2.4%

Jan 20 3:59 PM EST

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To: Kirk © who wrote (65671)	7/1/2004 1:13:33 PM
From: Lizzie Tudor	Read Replies (1) of 77400

Also, if Cisco doesn't move the jobs offshore, then someone else will Maybe, maybe not. The reality is that moving jobs offshore doesn't save anywhere near the % savings that were initially pumped by McKensey. Managers were expecting 70% savings and would up with 15%- routinely. For a 15% cost of labor reduction you can find MANY areas in the company to cut and still remain competitive. 15% can easily be shaved off the executive ranks for example and nobody would miss a beat. I won't go into the Dell situation here but we all know the kind of reputation hit Dell took for their offshore experiment. They are advertising to try to recover from the blunder. Remember how offshore call centers were pumped 2 years ago? SUPERIOR. Not just cheap but better. Anybody think thats true after calling dell? Don't take my word for it, judge for yourself. Anyway a simple ackowledgement by some CEO somewhere that our US companies will never be as valuable as they were because these same companies sent their business offshore would do it for me. I just want somebody to admit it.

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