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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 80.66+3.0%3:59 PM EST

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To: Eric who wrote (13516)4/18/1998 4:11:00 PM
From: Zoltan!  Read Replies (1) of 77400
 
3.30.1998
Global Outlook: U.S./Europe Technology Gap Widens

Peter Kraljic, CEO of McKinsey France, reminded
attendees at a recent Lyon conference that seven
years ago five European companies ranked among
the world's 25 leaders in information technology.
Today only one company does: Germany's Siemens
Nixdorf. Kraljic attributes U.S. dominance to the
relative youth of Compaq Computer Corp., Cisco
Systems Inc., and many of the country's other
high-tech starts, and to their determination to operate
worldwide.
Also a factor in favor of the U.S.: It
perceived high-tech as a market opportunity, not a
job-killer. IBM Italia's CEO Lucio Stanca confesses
in contrast: "At our Italian company, we unhooked
our strategy from that of the mother company in order
not to let the new technologies threaten employment."
As a result Europe has lost "millions of jobs without
others replacing them."
industryweek.com
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