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

To: hueyone who wrote (176968)	2/9/2004 1:14:28 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 186894

The problem is that I am only concerned with engineering. I don't care about the hordes of legal, marketing, advertising, executives etc. at microsoft. This is not to say that these aren't important functions, but I am only concerned with engineering at this moment, because I believe that losing R&D means loss of industry dominance. Like Juniper for example, most of their employees are US, but their entire R&D is offshore, so what? You might as well just have a sales office here. Who cares where Scott Kriens gets paid. BTW- if Juniper was an Indian firm, the executives would make 1/10 of what they make here. Juniper would be a better investment if it were there, vs. here. Same with oracle or any tech firm. If engineering is offshore, and execs are here... we have to pay huge US exec salaries. Why? The Satyam CEO makes 500K. And since an alternative exists for software, why not embrace it? The only people crying the blues about the loss of these big US software firms would be a few executives. The US technology industry would be much better off, and the drain of capital which we currently experience would diminish. Red hat and Novell are profitable, you know. Open source is a money maker! Just less leverage for executives which is why the big dinosaurs like oracle are so afraid of it. No matter, its coming anyway. Matrix VC says open source is the #1 investment for 04. Manzullo produced a report which he said showed more than 60,000 U.S. jobs lost through "offshoring" in the last month, including thousands of jobs moved by Intel, Oracle, Electronic Data Systems, Sprint and Microsoft. The number of unemployed electrical engineers in the U.S. stands at an historic high, added Ronil Hira, chairman of the R&D Policy Committee for the Institute of Electrical and Electronics Engineers -- United States of America (IEEE-USA). During a U.S. recession in the late '80s, unemployment for electrical engineers hovered around 2 percent, he said, but today, unemployment stands at 6.7 percent for electrical engineers and 6.9 percent for computer hardware engineers.