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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Investor-ex! who wrote (17323)4/25/1998 9:33:00 PM
From: tide  Read Replies (1) | Respond to of 94695
 
Anyone verify aft hrs MSFT quote (82 3/8)

Surely this must be an error on quote.com.
17:14:45 82 3/8 with 3,100 shrs apx that price?

tide



To: Investor-ex! who wrote (17323)4/25/1998 11:28:00 PM
From: ratan lal  Read Replies (2) | Respond to of 94695
 
Investor-ex

When I started working in 1968 for RCA (R&D) my salary with MSEE was $11,000. And engineers who had 25 years with RCA were being paid $17,000 and treated poorly for their skills were worse than mine. Basically RCA and all cos. prefer to hire younger graduates with current knowledge, skills and vitality. You may disagree but I happen to believe that cos. should have that right. Of course the sociologists would have to come up with a solution for the older unemployed.

I swore there and then that I would never be in that position. So if your average salary of 50-70 K after many years of experience includes all those people, then you may be right. BUT the younger kids are getting salaries much higher than that.

And if they are not getting higher salaries, then the companies have a valid complaint of shortage because a programmer from India, China etc can get a job for over $55K with 1-years experience and phone interview only. And the job offer is from job shops who make at least 30% on the salary.

ratan



To: Investor-ex! who wrote (17323)4/25/1998 11:50:00 PM
From: Ploni  Read Replies (2) | Respond to of 94695
 
The fact of the matter is that, unwilling to pay the going market rate, certain corporations fabricate a woeful tale of technical personnel shortages. They also use this manufactured "crisis" to keep pushing Congress to increase immigration quotas and work visas for the technical people they so "desparately" need.

I agree 100%! The Ft. Lauderdale Sun-Sentinel ran an article a few weeks ago that the local high-tech firms couldn't find any people (boo hoo!). The head of human resources at Siemens of Boca Raton was quoted. I had my resume in the mail that day, explaining that my background was in power distribution and control (with a P.E. license), and that I'd like to meet with him to learn if there was a niche for me at Siemens (for example, in facilities management, when they have to retool their factory to pump out new products) -- and if their only need was for people with a telecommunications background, I'd still be happy to meet with him to learn if I could retrain in that direction.

A few weeks later, I received a rejection postcard from them. The guy didn't even have the decency to meet with me to offer advice.

As far as I'm concerned it's EXACTLY as you say; they are playing a big game to make people believe they are hurting for workers, so they can bring in people from India and pay them $5/hour, while laying off all their American workers.

The unemployment rate for engineers is supposedly only 1%, and I'm one of them. It's not a good feeling, and it's especially frustrating because I have solid experience and credentials, and have been told by previous employers that I was a very valuable employee.