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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (5462)	6/30/2001 11:47:58 AM
From: elmatador	Respond to of 74559

A relay race: you picked up where I stopped Saturday morning, Central Europe Time (CET). Now Saturday afternoon CET I pick it up again: The term hollowing out applied to an economy says about the declining share of manufacturing as a percentage of the GNP. Industrial economies started hollowing out as they got out of the smokestack/labor intensive industry...(Which contributed to the now defunct Asian Boom abracadabra) Industrial nations were supposed to keep the High-Tech industry only. Now as the job cuts are coming with a vengeance to the technology sector, I see the hollowing out of High-Tech cum telecoms. This is FT's "Technology Job Cuts Watch" news.ft.com Factories are no-no. Alcatel, Lucent, Nokia, Ercisson -praticatlly everyone and his uncle- is outsourcing manufacturing. They will keep only R&D, Sales and Marketing. But lets take Nokia for illustration sake: They will be designing mobile phones for wireless Internet -if the Japanese allow them- they will provide services to be consumed over the 3G networks and market and sell. All the dirty work that I do -build wireless networks- will be outsourced to ABB, Skanska and Bechtel and such. Result? Telecoms high tech is being hollowed up.