Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Genesys Telecommunications (GCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Nitschke who wrote (144)	10/15/1998 9:56:00 PM
From: Bobo	Respond to of 220

There has also been alot of uncertainty surround the call center space and GCTI specifically. Rumors were swirling that Aspect was going to miss its quarter and that the financial svcs/ telco industries were slowing down cap spending (which appears to be true). These areas are close to GCTI's heart. The mgt changes in the last 3 months at GCTI has concerned institutions. Tonight's report shows several things 1) the company is performing very well under McCloskey's leadership - expanding op margins, 10% seq growth and a gain in defered rev 2) that GCTI is making up ground in other industries to take the place of fin svcs and telco and 3) customers appear to be satisfied since they are paying their bills and buying more product.

To: Jay Nitschke who wrote (144)	10/15/1998 11:13:00 PM
From: kinkblot	Read Replies (1) \| Respond to of 220

High-tech Visa Bill In Big U.S. Spending Plan: dailynews.yahoo.com Thursday October 15 3:54 PM EDT WASHINGTON (Reuters) - A bill to increase the number of U.S. visas granted to foreign high tech workers, blocked in the Senate last week, has been included in the mammoth spending bill Congress is expected to approve shortly, Senate leaders said. Under current law, 65,000 H-1B visas are granted annually to noncitizen computer programmers and other highly skilled professionals to work in the United States for up to six years. The bill would nearly doubled that, to 115,000 for the next two years, and 107,500 in the third year. After that, the level would drop back to 65,000. High tech companies had lobbied to increase the cap on foreign workers... [more] ----------------------------------------------------------------------------- In a 7/6 Forbes article 'The Russia house' it was mentioned that nearly 70% of Genesys' technical staff at that time was foreign. If that's still the case, the company may stand to benefit from the increased quota. [excerpt]...... Shenkman claims his employee turnover is just 3% a year--low by Silicon Valley standards, but he's not taking any chances. Genesys collaborates closely with Russia's premier institutions, Moscow University and Phystech, and puts recruits to work at local development centers. If they prove their worth, it's off to San Francisco--if they can get visas. .................... Article URL - forbes.com