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To: Bucky Katt who wrote (12039)	12/31/2002 4:21:35 PM
From: Silver_Bullet	Respond to of 13094

My question is when does this start to affect the top line of American Corporations. Many corporations still to a majority, the biggest portion, of their business in America because the American buys stuff! IBM In the Americas, third-quarter revenue was $9.0 billion, a decrease of 1.5 percent (flat at constant currency) from the same period last year. Revenue from Europe/Middle East/Africa was $5.7 billion, up 0.6 percent (down 8 percent at constant currency) . Asia-Pacific revenue increased 3.4 percent (2 percent at constant currency) to $4.3 billion. OEM revenue across all geographies was $867 million, a 0.8 percent increase (1 percent at constant currency) compared with the third quarter of 2001. Americas make up 47% of IBM's Sales IBM outsources much to India, (lowcost programming) like Mexico is low cost assembly. MSFT 36% of all sales in the last Quarterly report come from "the Americas" and they didn't break down the 36% to OEM's by region. Dell, HP, GTW come to mind as big OEM'ers for MSFT. Maybe I'm missing the future completely. Maybe other cultures will step up and spend like Americans. In that case the Corporations that we invest in or Trade will not be impacted negatively on the top line in the future for outsourcing. EDIT - When I reference other cultures I am speaking of those that are "low cost" sources of labor not European cultures. FT

To: Bucky Katt who wrote (12039)	1/5/2003 7:20:24 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Clearly, we need fundamental changes in our trade policies. If the American economy is going to survive, if our workers are to earn a living wage, corporations are going to have to start reinvesting in the United States. William: To industrially compete with the China's and Mexico's of the world we'd need a giant leap in productivity gains... A more likely scenario is to go with our strengths in information technology and related hardware and software... The Microsofts and Intels are where we can compete and win because we are the best at innovation... As long as we can maintain our technological edge we have an oppty to successfully re-engineer the U.S. economic landscape... Jim