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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (46972)	1/16/2001 11:47:14 AM
From: Eric	Respond to of 77400

Tuesday January 16, 10:45 am Eastern Time Cisco says India poised for Net-driven leap (UPDATE: Adds meeting with Vajpayeee, venture funding, acquisition plan, paras 16-18) By Narayanan Madhavan NEW DELHI, Jan 16 (Reuters) - The chief of Cisco Systems Inc (NasdaqNM:CSCO - news) said on Tuesday that India was poised for an economic leap if it could develop a solid Internet infrastructure to match its army of software engineers. John Chambers, Cisco's chief executive officer, told a gathering of technology experts in the Indian capital that world-class engineers in India cost only a fraction of their U.S. counterparts but infrastructure costs added to overheads. ``The two equalisers in life are the Internet and education,'' he said. ``With infrastructure and the right education, you win.'' He told leaders of the Confederation of Indian Industry that an engineer in the U.S. cost $100,000 per year, while an equally good professional in India could be hired for $16,000. ``But the overhead cost is $32,000,'' he said. biz.yahoo.com