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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (15595)	9/25/1998 1:02:00 PM
From: John Sikora	Respond to of 120523

Hi Judy, I must be reading too many of OJ's posts<g>... Reuter WASHINGTON, (Sept 25) - The U.S. House of Representatives approved legislation on Thursday to allow the U.S. computer industry to bring in more than 300,000 high-tech foreign workers over the next three years to meet a shortage of skilled employees. The House voted 288-133 to approve the bill to expand the current visa program after a compromise was negotiated overnight with the White House. The Senate is expected to consider its own version of the bill soon. Congressional sources said that passage was likely. At issue are H-1B visas, allowing noncitizen computer programmers and other professionals to work in the United States for up to six years. The visas are used to fill shortages of skilled workers, or for people with extraordinary talents. Under current law, employers can bring in up to 65,000 skilled foreign workers eachyear. In 1997, for the first time, the government issued the maximum number of suchvisas and, this year, filled the limit by May. The legislation would raise the ceiling to 115,000 in 1999 and 2000, lower it to 107,500 in 2001 and then return it to the original limit of 65,000. The compromise negotiated with the White House would increase training and education for American workers and students. It also requires some companies to attest that they tried to fill posts with U.S. workers and that they had not laid off Americans with similar skills. john EDIT: BTW I'm talking about a very quick trade on these...like now until Tues or so. I'm not holding longs in this environment for any duration