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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (203582)	11/8/2002 2:59:13 PM
From: orkrious	Respond to of 436258

too bad my boat is already loaded above the gunwales with this crap.

To: Earlie who wrote (203582)	11/9/2002 8:30:49 PM
From: ild	Read Replies (1) \| Respond to of 436258

U.S. to Lose 3.3 Million IT Jobs Analysts estimate that 3.3 million IT jobs will leave the U.S. to foreign countries by 2015, as companies find it cheaper and just as efficient to have a variety of IT work done offshore -- such as software programming done in India, China and Russia. Forrester, a Cambridge, Mass., technology-research firm, said that "a growing base of companies are shifting a range of IT, back office, customer service and sales operations offshore to cut their costs by upwards of 50%." The lost wages associated with those positions will go from $4 billion in 2000 to $136 billion in 2015, Forrester said in a new report. The huge cost savings are the motivation. "The cost of an entry-level programmer in China is 30% to 50% less than one in Tokyo, London, or Chicago," said Forrester. Low-cost bandwidth and a huge increase in capacity means that firms can ship huge volumes of scanned documents overseas cheaply, while standardized business software applications make it easier to hand work off to workers in other countries, Forrester said. For example, major software development firms such as Oracle Corp. and i2 Technologies Inc. have recently moved work to low-cost centers in India and the Philippines, the research firm said.

To: Earlie who wrote (203582)	11/9/2002 10:44:30 PM
From: Haim R. Branisteanu	Respond to of 436258

Is It Over? Real Estate Boom May Be Easing, Signs Show nytimes.com

To: Earlie who wrote (203582)	11/14/2002 9:49:17 AM
From: Perspective	Read Replies (1) \| Respond to of 436258

8:48AM Intel adds 480 mln shares to buyback program (INTC) 18.12: Co's board has authorized the purchase of an additional 480 mln shares as part of the co's existing stock repurchase program. From the beginning of the program in 1990 through Q3 of 2002, Intel has repurchased approx 1.7 billion shares at a cost of about $29 bln. During Q3, Intel repurchased approx 57 mln shares at a cost of roughly $1 bln. plus a little history: Weighted shares outstanding 1992 = 6872M 2001 = 6879M Looks like that $29B was just performance-based compensation to employees to me. BC