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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.40

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To: Elroy who wrote (67596)	4/14/2005 11:41:35 AM
From: pfalk	Read Replies (2) of 77400

Elroy, Of course it can be both a long term trend AND not cost effective. You are assuming there are NO inefficiencies in the economy. To see that this is not always the case, just look at corruption in Latin America - Corruption is both long-term and inefficient. The reason it is long term is because once the Venture Capital firms have decided to demand that all startup do their develoment in India, then there will be very few startups that can disprove the wisdom of this strategy (because they will not be funded). This trend could easily last a decade, that's long term to me. Peter

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