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

To: Big Bucks who wrote (7480)	10/10/2003 11:43:41 AM
From: Proud_Infidel	Respond to of 25522

BB, To the best of my knowledge, INTC has no fabs in China. I believe they do some back-end stuff there, but as for manufacturing, I have not heard anything which would make me convinced he is being hypocritical. Brian

To: Big Bucks who wrote (7480)	10/10/2003 12:09:39 PM
From: robert b furman	Read Replies (1) \| Respond to of 25522

Hi Big Bucks, That loyalty went out the window in the electronics industry with TV's. The electronics industry is the most efficient global sector there is. They go where costs are cheapest. If not they end up like Zenith broke. I think he makes a good point about educational needs.Let's face it manufacturing is on the wane - if we don't excell in technology and sharp minds so too are we on the wane. I think he is just saying it like he sees it. Wish more straight talk like that existed. JMHO Bob

To: Big Bucks who wrote (7480)	10/10/2003 2:46:03 PM
From: Sam Citron	Read Replies (1) \| Respond to of 25522

Here's Grove's own response to the question: (please excuse the poor formatting and transcription) 11 MR. SNAT: Dr. Grove John grim with the 12 Washington Post. You talked about the exodus of 13 jobs in the IT and particularly software and 14 services sector. You did not talk about the 15 software and hardware and IT companies that are 16 steadily moving jobs offshore. 17 I assume that's a major contributing 18 factor so in effect you have our own industry 19 participating in this trend. I know Intel included. 20 I would like to know where the balance is there. 21 [Grove:] I completely agree with what you are 102 1 asking and the implication of the comment. Those of 2 us in business have two obligations in my opinion. 3 The one that's undebatable is we have a fiduciary 4 responsible to run our business for the shareholders 5 who put us in our place, gave us the decision making 6 power. 7 We are expected to and legally required to 8 do the best job we can for them provided we stay 9 inside the law. There is another obligation that I 10 feel personally given that everything that I have 11 achieved in my career, and a lot of what Intel has 12 acleveland in its career, the two are somewhat 13 intertwined, were made possible by a climate, 14 democracy and economic climate and investment 15 climate provided by our domiciled United States. 16 I feel a responsibility for doing the 17 right thing for the country that has allowed us to 18 be in a position where you can ask this question. 19 These too are pulling us in different directions. 20 That is where I'm looking for public policy to help 21 guide us, reinforce the relationship between the 103 1 two, reconcile the conflict. In the absence of a 2 P*P that tells me what to do I have no choice as 3 corporate manager, nor do my colleagues at Intel and 4 outside of Intel, we have to work to that very often 5 involved moves of jobs and moves of capabilities 6 into other countries. globaltechsummit.net [pp. 101-102]

To: Big Bucks who wrote (7480)	10/12/2003 7:10:59 PM
From: Paul V.	Read Replies (1) \| Respond to of 25522

Big Bucks, >Grove is part of the problem....INTC is sending jobs overseas and investing heavily in manufacturing in China...His comments are hypocritical...He could put a stake in the ground and say, I am committed to insure that the US maintains its' technology superiority....that would be true leadership....not whining about the issue....< However, are we not part of the problem--we want those large returns on our investments. How can compete against the rest of the World--the internet guaranteed that we have a global economy. Money will flow where it can get the greatest return, IMO. The clock, IMO, will never turn back to when we were younger. Just my opinions.