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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.02+3.3%3:59 PM EST

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To: RetiredNow who wrote (66738)12/19/2004 8:36:10 PM
From: Elroy  Read Replies (2) of 77400
 
That giant sucking sound you're going to hear in the next decade will be many of the high paying tech jobs being sucked into China.

Let the rest of us know when these hi tech Chinese engineers working for Chinese companies in China invent something that we want to buy, please.

Let me know when Chinese engineers at a Chinese company can make a better ion deposition system than Applied Materials, a faster x86 processor than Intel, a better web browser than Microsoft, a more integrated, inexpensive 3G cell phone (preferably using semiconductors from a Chinese company) than Motorola, and a more efficient, faster, inexpensive color laser printer than HPQ.

I'm not saying its not going to happen, but I am saying it hasn't even really begun in ANY meaningful way. Until all of us have hears of a leading Chinese consumer products company (the way we've all heard of NEC, Panasonic, Nokia, Motorola and IBM), it's the sky is falling, the sky is falling....

But they do make a lot of generic, high quality discount silverware, I'll give you that :-)
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