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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: greg s who wrote (176257)	12/29/2003 4:48:23 AM
From: Amy J	Read Replies (2) \| Respond to of 186894

Hi Greg, rkral, & Thread, quote from Barrett below: Sunday's edition (Perspective section) is a must read for Intel, Cisco, hightech investors. Good articles covering comments by tech leaders about the future structural changes needed. bayarea.com Barrett: ... If you look at India, China and Russia, they all have strong education heritages....The big change today from what's happened over the last 30 years is that it's no longer just low-cost labor that you are looking at; it's well-educated labor ... As long as everyone competes with the same educational levels, there is no place else in the value chain to go. ... I think that the United States has ...to choose to compete head on in the world economy with this new workforce, not resort to legislative protectionism. That is a government issue. If it chooses to compete, then there are four things any government can do: Education is one; research and development investment is the second; infrastructure development is the third; the plea that governments do no harm is the fourth. ... ...U.S. government spends in basic research in the physical sciences...it's about $5 billion a year and decreasing. And that's the seed corn for the future. I like to call up the comparison ...[to] agricultural subsidies, (which is at least $18 billion a year). ...We subsidize all the industries of the 19th century and increasingly de-fund research and development in the industries of the 21st century. ... There is an alternate possibility, which is the California government and the U.S. government choose to be more competitive and to get more aggressive tax credits for jobs that are created here. Right now, a tax break to a company to create jobs in the United States is labeled corporate welfare. If you go to Malaysia, India, China, the Philippines, Russia, it is labeled as an investment in the future. I don't think it's on the radar screen of Washington. I don't think they have internalized ...that ...when you raise the fact that you have brought 3 billion new people into the workforce, and maybe the equation changes, his eyes glaze over. .... It is extremely difficult when you see what's going on in the world not to have a sound of alarm in your voice when you talk about this. ------- There are several other articles. Good quotes from Halla & Fong (let the PhDs come here rather than go back and compete; get rid of entitlement, work hard, compete and win.) Farrell said, fix the high cost of housing for new hires. No kidding, I get really nervous to hire here (as compared to overseas) - when this isn't on anyone's radar other than Farrell, it seems! White of TechNet, who normally has great comments, had quotes that seemed too unclear as to what the government can do (and should not do), making him sound a tad dismissive of the issues/solutions. Regards, Amy J