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To: Eric who wrote (13516)	4/18/1998 4:11:00 PM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

3.30.1998 Global Outlook: U.S./Europe Technology Gap Widens Peter Kraljic, CEO of McKinsey France, reminded attendees at a recent Lyon conference that seven years ago five European companies ranked among the world's 25 leaders in information technology. Today only one company does: Germany's Siemens Nixdorf. Kraljic attributes U.S. dominance to the relative youth of Compaq Computer Corp., Cisco Systems Inc., and many of the country's other high-tech starts, and to their determination to operate worldwide. Also a factor in favor of the U.S.: It perceived high-tech as a market opportunity, not a job-killer. IBM Italia's CEO Lucio Stanca confesses in contrast: "At our Italian company, we unhooked our strategy from that of the mother company in order not to let the new technologies threaten employment." As a result Europe has lost "millions of jobs without others replacing them." industryweek.com