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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: prosperous who wrote (68425)11/20/2010 1:51:10 PM
From: elmatador1 Recommendation  Read Replies (1) of 217917
 
I work in a sector that was dominated by engineers or an engineering mindset.

Starting early 90's engineers took a back seat and business people took over the sector.

They did that optimization to the bottom line and mobile business -the sector I am in- started being devoided of quality.

You build. Show the bankers what you have done, how it is picking up. Then get money to build more.

No quality. Then they call people to do something they call 'optimization' that means, repairing what was made wrong. And trying to give some quality to their customers

The salary arbitration was brutal. Starting with the aftermath of tech bubble that destroyed IT sector, a whole lot of arms and legs were ready for sale at any price.

China is the creation of the seeking for the cheap.

The Chinese entered the frey at this point. And price is king. Helped by that environment the Chinese sent to the scrap heap:
Lucent, Nortel, Siemens and Motorola. next will be the turn for NSN (the joint venture Nokia-Siemens)
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