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

To: Elmer Phud who wrote (177360)	4/3/2004 12:29:07 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 186894

Satyam, Wipro and Infosys ARE the big leagues. Take a look at their financials and the projects they are charted with, by US companies. Wipro for example got one of Ciena's next generation optical switches in total last year. That would be a fixed bid, management and delivery the whole thing. I didn't start this battle, I would have preferred to keep the technology leadership in silicon valley. But once technology executive management opened this can of worms by creating "advanced design facilities" in India, which according to management here are superior to talent they can get in the US, we need to evaluate the executive management over there too. If some guy is qualified to run the Intel india design facility then surely he is qualified to act as an Intel executive over there, and fewer workers in the US means intel needs far fewer VPs here (personally I would start with Mike Fister's job, he is an underperformer and should be offshored). As it stands there are extreme cost savings to be had for offshoring executives and a lot of executive positions are just administrative overhead anyway, they cost the shareholders too much. Expensing options is a first start to get these executive packages under control though. Silicon Valley management spending time in DC whining about options now is like whistling past the graveyard for them. They think they have sympathy from some congressional leaders but in reality congress is angry with tech executives because they have abused too many loopholes in the tax code leaving the state and local governments economically devastated. I am watching this play out with amusement.