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

To: Amy J who wrote (178280)	6/4/2004 12:16:30 AM
From: Lizzie Tudor	Respond to of 186894

I really don't think the market recovery is the reason for lack of response in the markets. The recovery is ok (not great)- but the overall climate in technology is poor for a number of reasons. A lot of it is just sentiment towards the industry in general, I think. Just a few years ago, his profession was at its peak in this country. An increasing reliance on computers, the takeoff of the Internet and the Y2K reprogramming boom put U.S. software specialists such as Cotterill in high demand. Their pay and prestige rose commensurately. His fate is emblematic of what has happened to many in his profession. With the crash of the technology sector and overseas outsourcing, thousands of U.S. jobs are disappearing and salaries are under pressure. The late-'90s sense of well-being is diminished. Experts disagree over how much of the job loss and salary slippage can be attributed to outsourcing, but most say it has clearly been a factor. "It is unprecedented, the turn of fortune that has occurred in the high-tech industry," said Marcus Courtney, president of the Washington Alliance of Technology Workers in Seattle. "Less than five years ago, we were talking of adding hundreds of thousands of new employees every year in this industry…. We've gone from that to widespread job losses and stagnant wages and benefits. latimes.com