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

To: RetiredNow who wrote (63042)	2/10/2003 12:47:58 PM
From: larry	Read Replies (1) \| Respond to of 77400

Mind, Your number actually looks pretty good. In great Boston area, I have seen decent consultants willing to work for 50-60% less than they used to make in IT fields. And in drug discovery fields, things are not that better. Plenty of guys who got laid off are applying for jobs in Harvard and MIT for less than 50% they used to make. And the bad part is that there are so many people applying for so few positions that most of them won't even get it. BTW, I think a decent trading opportunity is coming in the next 2-3 weeks after DOW and S&P touch the Oct. 02 low. A 15% gain is quite reasonable before we march toward Dow 5800. larry!

To: RetiredNow who wrote (63042)	2/10/2003 1:43:36 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 77400

I am seeing very large numbers of people looking for jobs. I suspect this is another thing that will end badly though... because this protracted employment situation for tech workers has caused huge numbers of people to leave the business and tech hiring areas and "move on". The number of empty rental units in SV is amazing. Add the outsourcing trend to cheap offshore producers and people are thinking tech as a career has nowhere to go but down. Now, the question is what happens in 2 years. Personally I think a lot of this outsourcing trend is overdone... we've seen this before with manufacturing after all. Some stuff, it makes sense to outsource like operations where no specific business knowledge is required. But some of these companies are actually outsourcing business analysts to india, come on. My guess is, in 2 years we have another tech worker shortage, all the companies start hiring at once, its always that way. Lizzie