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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST

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To: RetiredNow who wrote (71188)10/4/2006 3:53:06 PM
From: rkral  Read Replies (2) of 77400
 
"Well, I don't think Lizzie nor I were talking about Cisco."

Since this is the Cisco thread and Lizzie opened this umpteenth offshoring discussion with "the empty buildings are the effects of offshoring more than a falloff in orders for cisco" ... it sure seemed like it to me.

Offshore employees for Cisco for the last 7 years:
        Employee  Employees
Fiscal Total Overseas Overseas
Year (approx.) (approx.) Percentage

2000 34,000 9,000 26.5%
2001 38,000 11,000 28.9%
2002 36,000 10,000 27.8%
2003 34,000 9,000 26.5%
2004 34,000 9,600 28.2%
2005 38,413 11,000 28.6%
2006 49,926 19,600 39.3%
Source: Cisco SEC 10-K filings.

For the first six years, the percentage of offshore employees is in a fairly narrow range ... 26.5% to 28.9% ... and then there's a big jump to 39.3% during FY2006.

Was there an acquisition that caused that? Or has John Chambers been reading Lizzie's posts and finally decide Cisco needed to count all those contractors? :-))
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