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To: JakeStraw who wrote (3223)2/19/2004 1:31:46 PM
From: Lizzie TudorRespond to of 81568
 
yes if the market for your products is USA. If your market is offshore, different story.

When I was working with Dell I learned that to expand into many countries Dell needs to manufacture there, or prove that they are creating jobs. Australia for example is like this. For the simple reason Aussies don't want their Aussie dollars to get transferred to the USA as a wealth drain. Thats what we need here, other countries have it, we need it now. This legislation is not new, it is tried and tested. A half a billion trade deficit was ok for a while but if this is a consistent year in/year out thing then this is not working for the USA. It doesn't matter that the executives are here. If Carly Fiorina isn't happy with the legislation she and HP can move to India or China, no problem.

Carly Fiorina is the equivalent of one of the former beatles' "solo albums". Maybe she can make it as an offshore CEO selling into offshore markets. But her real strength is the fact that she runs HP, a tried and true AMERICAN company. If Fiorina left, another CEO would take over at HP and be just as successful. It is unlikely that Carly could achieve the same level of success however.

CEOs are worthwhile to listen to but not the whole story. Bottom line, HP needs to be an american company more than HP needs to produce offshore.