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

To: Lizzie Tudor who wrote (64455)	9/10/2003 8:39:57 PM
From: Kirk ©	Read Replies (1) \| Respond to of 77400

When I first started working in the components industry in 1978 at HP as a summer intern, the department of defense required critical components be built, tested, etc. on US soil. What if there is another major war, perhaps involving China? Tough to run an army on laptop PCs when they are all imported from Taiwan and China could nuke the island. The Cisco routers depend on ASICs built at Asian foundries. Etc... Long shots for any of this to happen, but this terrorism biz could get nasty if we keeep playing political football. Just thinking aloud...

To: Lizzie Tudor who wrote (64455)	9/11/2003 2:44:21 AM
From: Stock Farmer	Read Replies (4) \| Respond to of 77400

I can't come up with cisco actuals anywhere. It LOOKS like 50% to me, based on empty bldgs and things like that, anecdotal evidence. Can't be trying very hard. The data is published in Cisco's 10K report. In July 2001, CSCO had 38,000 employees, 11,000 outside the US In July 2002, CSCO had 36,000 employees, 10,000 outside the US. In July 2003, CSCO had 34,000 employees, 9,000 outside the US. So contrary to whatever you might think is happening, CSCO has reduced US employment by a total of 2,000 jobs over two years, or just under 8% while reducing its foreign employment by just over 18%. Pretty clear that Cisco not is reducing its local workforce by increasing outsourcing. You've been beating that drum too hard on this and other threads. Might be time to step down from the soap box before someone coins a pejorative phrase, like "Overseas griping" or something.