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

To: RetiredNow who wrote (66664)	12/1/2004 10:32:44 AM
From: Elroy	Read Replies (1) \| Respond to of 77397

OK. Elroy. Let's just wait and see what happens. I'll tell you this, though. CNN has been running stories on the China Price for a week or so now, and I am seeing an increasing number of articles that are being written with increasing alarm at the impact that China is having on our manufacturing sector. Do you think it is just a coincidence that this has been largely a jobless recovery and that the manufacturing sector has been hardest hit during this latest downturn? You may think so, but economists throughout the country believe that one of the major root causes is job leakage to China. That leakage is accelerating, not ameliorating. The above is accurate, but it's not what we were talking about. I have said that China is going to continue to hurt laboring Americans who lose their jobs to lower cost regions. That doesn't lead to the conclusion that CSCO (which doesn't manufacture anything) is going to suffer above average price competition from Chinese networking companies.