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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (7104)	9/8/2003 7:02:38 PM
From: Lizzie Tudor	Respond to of 25522

Hmmm. You may be assuming that current ratio of Indian wage levels relative to cost of CRM modules is static. But I assure you that both the numerator and the denominator are always subject to flux. As wages rise and seat prices fall, there may be a substantial Indian market in the future for CRM. Besides, Indian firms will want to get on the learning curve of certain promising technologies that they see developing in the west or whereever. And they will adapt such technologies to their substantial domestic market and potentially to the nascent Chinese market as well. Import substitution was practically invented in India. I wouldn't rule out the possibility that India could start to address her own software needs some day. I'm sure india will develop their own market, salaries will rise and all of that which is affected by the spread of capitalism. But that is a long term phenomenon and most I know are trying to invest for the next few years-period. If you are a software company now, after this depression we've had in the industry, you need business to pick up. You don't have time to wait for salaries in india to move from $5K/year to $40K/year to make it worthwhile to implement new tech. It is just a part of creative destruction, nothing really new here. Except Larry and his whining about the scenrio he created more than almost anybody else! Oracle can always move to india and participate in the growth of the next global superpower either India or China, in fact I think that would be preferable actually, for Oracle the company and for the US software industry that is left. It does us no good to have this corporate skeleton that is oracle operating here. Their market is there. From a semi and PC perspective, this india buildout is really good for business.