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

To: Lizzie Tudor who wrote (67509)	4/11/2005 2:10:49 AM
From: Elroy	Read Replies (1) \| Respond to of 77400

Now, today, I am hiring people for J2EE and other (more recent) engineering disciplines, and these people are billing out at lower than my 92 rate- which means they are getting about 1/2 to 2/3 of that- slave wages. This is where your argument falls apart. $30 per hour is not "slave wages", whether it is for software, construction, dental work or whatever. 99% of the population of the planet would love to work for that wage. The reduction in pay for tech jobs is just a result of more workers coming into the industry, more labor = lower cost per worker. If teaching is only worth $28,000 per year, maybe software programming should be worth $22,000 per year. You get to work flexible hours, sit around in t-shirts and shorts, eat sandwiches with the group and go to a bunch of fun trade shows. That sounds like it worth less than teaching a bunch of kids to me.

To: Lizzie Tudor who wrote (67509)	4/11/2005 7:33:53 AM
From: Amy J	Read Replies (1) \| Respond to of 77400

"As Cisco cut costs, the cash rolled in. The cash on its balance sheet jumped from $1.2 billion in 1997 to $9.3 billion in 2003. The 10 Silicon Valley companies with the most cash on hand increased their stashes from a total of $21 billion in 1997 to $73 billion in 2005. Many of these companies are building giant nest eggs as insurance against an uncertain future. When they open their checkbooks, it's often to buy back stock or acquire other companies. And if they do hire, it's usually outside Silicon Valley." mercurynews.com