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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (65668)	7/1/2004 12:56:09 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 77400

At the end of the day if a chip designer in Tiajuana can do the same job as a chip designer one hour North in San Diego, CSCO ought to employ the Tijuana-based dude. ONLY if the senior management at cisco is willing to accept the decline in buying power from the US-base. If Cisco is willing to accept mexico gross margins WORLDWIDE, then by all means move your entire workforce offshore. What you are describing, a sort of micro perspective on a shift with much larger ramifications, has been documented extensively in a set of books generally titled "the race to the bottom". Of course we all know the capex spending climate is directly affected by hiring that tijuana worker. Tell me when you think Cisco stock will hit $40. I don't think its possible thanks to globalization.