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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (54587)	12/20/2000 1:25:11 PM
From: Dan Spillane	Read Replies (1) \| Respond to of 74651

May of the foreign folks have been hired in recent months, taking a substandard wage to get the job in the US. Sure some of them have expected options to be worth something. Microsoft is getting a cheap labor pool with the excuse that there are so many positions open (that is what they told congress). I am told they hire about 1 percent of interviewees overall (99 not hired), but I also have some reason to believe it is much higher for foreign workers... It doesn't take a genius to figure out that you can get a foreigner to work for you cheap. Other industries have been doing it for years, such as agriculture. If you are hiring only 1 out of every 100 people that is hardly a shortage.

To: sandeep who wrote (54587)	12/20/2000 1:25:54 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 74651

Re: "The fact is that msft and other tech companies give substandard wages in return for stock options. Now the options are worthless. So, the wages are increasing." Bingo. As I've indicated before, I think that is going to have dire consequences for Microsoft, which I believe is among those who rely most heavily on paying their employees in scrip. Attempts to decrease expenses will be overwhelmed if they have to start running their full cost of employees through the income statement. But that's JMHO. Charles Tutt (TM)