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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (7751)	10/17/2002 5:38:40 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

this trend seems to be growing... (need to hear lizzie's take) biz.yahoo.com Reuters Company News StorageTek in outsourcing deal with India's Wipro Friday October 4, 12:48 pm ET BANGALORE, Oct 4 (Reuters) - Wipro Ltd (Bombay:WIPR.BO - News), India's third-largest software services exporter, has signed an agreement with computer tape and disk storage maker Storage Technology Corp (NYSE:STK - News) to develop software related to a key product. StorageTek said in a statement on Friday that it had reached an agreement with Wipro Technologies, the global software services unit of the Bangalore-based company, on its SN6000 product, which helps manage computer storage efficiently. The tie-up with Wipro is part of a process under which StorageTek has decided to outsource both manufacturing and development activities related to the SN6000, which it has so far done in Minneapolis in the United States and Toulouse in France. StorageTek said the outsourcing programme would affect around 200 workers in the two cities between now and March 2004, without giving further details. The outsourcing work in manufacturing will be transferred to Canadian contract electronics manufacturer Celestica Inc (Toronto:CLS.TO - News), StorageTek said. "As part of this deal, we would be carrying out embedded software work for StorageTek at our centers in India and at its facilities overseas," a senior official from Wipro told Reuters. The company does similar product work with some of its telecom and computer makers. Wipro's shares closed flat at 1,326.75 rupees at the Bombay Stock Exchange on Friday. On Monday, Wipro announced plans to acquire the research and development (R&D) staff and assets from Ericsson's (Stockholm:ERICb.ST - News) local unit and use them to supply software R&D services to the Swedish firm, in its first total outsourcing deal in this area. ((Anshuman Daga, Bangalore Newsroom, +91-80-558 1458, fax +91-80-558 1457, anshuman.daga@reuters.com))