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

To: robert b furman who wrote (7787)	10/28/2003 10:23:38 AM
From: Fred Levine	Read Replies (2) \| Respond to of 25522

Bob-- There is no question that expenses correctly influence corporate policy. I agree that NY is a high tax area. However, studies of corporate expenses have found that labor is usually 10-15% of costs, and that management is a much higher percentage. Also, transportation enters into the formula, and NY has access to a market. Toyota City is far away. Why hasn't GM been producing the hybrid? Why is it that Toyota has the Prius? Why has GM made such a terrible product for so many years that it lost enormous market share? Clearly, it was arrogance and layers and layers of management, all unable to make a decision and a good car. Part of the answer has been that US management has often been too interested in feathering their own nests, and have placed corporate interests lower on the priority list. I have always admired AMAT's management. When cuts were taken, management shared in the cuts. However, I want to puke when management is making 1000X the income of labor, and they complain about labor costs. Did you watch Bill Moyers' Point of View on this. The Dean of the Union Theological Seminary went on how this disparity is against the values of all the (his words) Abrahamic traditions--Islam, Judiasm, and Christianity. fred