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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.3%

Jan 23 3:59 PM EST

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To: Lizzie Tudor who wrote (66734)	12/19/2004 9:48:22 AM
From: Peter Joseph	Read Replies (3) of 77400

It is true that much of the innovation is still happening here in the U.S. But where is the iPod or the Axim actually manufactured? i bet it is in Taiwan or another of those copy-cat countries. Good for the bottom line of U.S. companies (and executive packages). Bad for the typical $20 an hour worker. Their job is being moved to China ($0.75 an hour) at an alarming rate. Can the U.S. stop the bleeding? Probably not, given the global imbalances. Has your compensation been globalization adjusted yet (just a rhetorical question).

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