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

To: Amy J who wrote (180218)	2/17/2005 3:13:11 PM
From: Saturn V	Read Replies (3) \| Respond to of 186894

United States' long-term dominance in science and technology is slipping. ...and I believe that the slippage is going to increase even further. US graduated a lot of scientists during the 60's due to the Race to the Moon, which captured the imagination of every school child. After that the number of native born US graduates slipped. But luckily the changed immigration laws allowed the immigrant engineers from Chuna, India and Korea to absorb the deficit. Now that is changing rapidly. The development of better R&D employment opportunities in those countries is inevitably going to reduce the immigrant pool. The number of engineer immigrants from Korea fell off in the 80's, and the the same is happening in India. Since 2000 there is a net outflow of talent from USA to India. And the better Indian Universities are significantly improving their Research capabilities. The US universities are also suffering because of fewer foreign students due to 9/11 security procedures. And foreign born students have dominated graduate studies in Science and Engineering programs. Historically most of the foreign students elected to stay on in the US, and help fill the deficit of engineers. So fewer foreign graduate students will hurt both US Universities and Industry. However on the positive side US companies are tapping the overseas talent pool by setting up off shore R&D operations. Bell Labs, Boeing, Intel, Microsoft have R&D operations in ex-Soviet Union, India and Eastern Europe. However offshore R&D is dangerous for Defense related research. So unless US changes its priorities and does something to improve its local R&D capability, the preeminent US Defense industry will also be a major loser.