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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.52

-0.9%

Dec 16 3:59 PM EST

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To: Lizzie Tudor who wrote (66239)	9/16/2004 8:00:39 PM
From: RetiredNow	of 77400

I agree to a certain extent. But specialists always win the day when there is demand for that specialty. And believe me on this, because I have a lot of experience offshoring over the last 3 years as it's picked up steam, what I'm finding is that everyone is getting smarter every day on how to structure projects offshore so they become more of a science and save more money. Building IT software is very much like a manufacturing process. When you set up a new model the first time, it has all sorts of issues, but when you work on the model and start setting up success metrics and rules of engagement, then you can very quickly make great strides towards making it more and more profitable. Companies are learning how to work with India in smarter ways every day. So whereas 2-3 years ago, I would have agreed with you that it wasn't really worth the effort, today I would say resoundingly that yes it sure is. I have to augment my other post though. The American tech worker is highly educated and I didn't mean to say they weren't. But when I said America is undereducated, that is a fact. I read studies all the time about how we aren't educating enough engineers and comp sci students. The estimates I see of the coming demand wave for these students is going to continue to be huge and the U.S. current unemployed supply will dwindle very quickly. At that point, companies will have no choice but to continue to beef up their offshore offices. Companies know this and they aren't waiting. The American tech worker has two things against him/her: 1) overpaid in comparison to the Indian tech worker and it is increasingly more profitable to offshore, and 2) lack of current enrollment for engineering has forced companies to plan for the long term by building out their offshore relationships and getting the process down to a science before the demand wave hits.

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