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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: LWolf who wrote (13067)	3/25/1998 5:36:00 PM
From: Brian Malloy	Read Replies (3) of 77399

Quite frankly, I think you are both missing the point. 1. MSFT continues to develop a major operation in Mainland China as 25% or so of the worlds population is there. It is interesting to note that based on current demographic trends, the population of INDIA will exceed that of China by the year 2020, less than a quarter century my friends. Since MSFT is a Global company it makes perfect sense to invest in countries like India and China when 50% of the worlds population originates from those environs. There are cultural differences and MSFT makes software geared to specific countries and peoples when possible. I don't know what you have been reading and based on your statement "It's not that there aren't enough, it's that companies don't want to pay for experience (read age 40+) and training. They want cheap labor on the hottest technologies (foreigns and college kids)." I don't think you have worked in the tech field. If anything, programmers over 40 are in high demand. They are the ones most likely to have major experience with COBOL, FORTRAN, ASSEMBLER and so forth and due to the Y2K problem I know guys working part time on the weekend pulling in an additional 50K a year over and above their regular job. Companies don't want cheap labor they want skilled labor. Skilled labor gets product out the door on time. We have articles in the paper here about high school aged kids pulling down 35K+ a year. And yes, some of the older crowd are a little miffed because teenagers are knocking out task in days that older programmers used to spend weeks on. It makes the boss wonder if his "old gurus" have been putting forth enough effort for their paycheck. Nothing prevents anyone from picking up a book or going to school at night to learn, extend and enhance programming skills/languages. The bottom line being You owe your allegiance to your skills and not your job. If you understand this fundamental principle of work today then the rest will follow. Regard, Brian

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