I think the reason CS is shunned at the university level (and even some high schools) is because the "industry" which is dominated by msft, intel, HP and the big names started offshoring engineering depts en masse, to india and china, around 2000. Engineering salaries in the USA are way down due to large numbers of imported visa workers from the same locales. Of course, the management at places like HP (When Fiorina was there especially) will tell you the foreign talent is superior (I actually agree it is probably superior for the price). But there is more to building great products than just raw, book-smart engineering talent, and those same companies that are offshoring up the wazoo have also fallen behind in terms of innovation. So what happened, a whole mixture of things but the bottom line is companies with executives in the middle of product development like Apple are building great products and unless Rollins, Otellini etc want to move to india, that means they are too far removed. The opteron team was also a US based team, and this company has a great processor I hear, also a US based team (PA semi).
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