Posted on 11/13/2005 4:56:24 PM PST by jb6
Cisco is bullish on India and cannot wait to use Indian expertise for research and development.
Cisco Systems Inc. will hire more engineers in India than in the United States for its research and development work over the next three years, the company's chief executive said Friday.
President and CEO John Chambers said the company would invest US$50 million (A41.83 million) to set up a second research and development center in Bangalore, India's technology hub, and triple its workforce here to more than 4,000 by 2008.
He said this would mean more engineers are hired in India than in the U.S. over the next three years.
Cisco currently employs 1,400 engineers at its existing center in Bangalore.
"This (new) R&D center will be the second major site for Cisco after the U.S.," the Dow Jones Newswires quoted Chambers as saying. "In terms of R&D efforts, India will grow faster in absolute numbers compared to the U.S," he said during a visit to Bangalore.
On Wednesday, Chambers met senior Indian government officials in New Delhi and announced that Cisco will spend US$1.1 billion (A0.92 billion) in India over the next three years in the company's largest investment outside the United States. The money will be mostly invested in development of network infrastructure and related technologies.
And the kicker is that one of our top customers is from India, go figure!
And, with regard to all the money supposedly going offshore...much of it has actually come directly back to the USA as tourism (I would say the *real* winner here is Mickey Mouse).
My point is that Chambers sees a benefit to his company for doing this, and there are other U.S. Cisco stakeholders besides employess/potential employees. I don't think that it is an issue of being loyal to the US. Now, if you want to see where it is an issue, ask a journalist if they are US citizen or journalist first. :)
</sarcasm>
> Big Business has given up on the concept of nations
Of course. Our nation has to require allegiance of everybody who operates here. Damn the multinationals.
Lets see, when the political changerover comes, when stagnant/in decline wages reach a tipping point, those CEOs can be fully accountable to their now very over taxed shareholders.
Every day I am more convinced the US will become a full social democracy, with national healthcare, more than half the workforce on Fed, state or local payroll, with not just wefare making a full comeback, but think of not just a safety hammock, think of a safety suite.
It is sad that a bunch of morons run Wall Street.
It is a short term view, wantying to get an increase in profit in the most rapid manner possible. The sad thing is though, in the long term, it rots the viability of US based companies to compete because eventually, foreign workers leave to start up their own firms, with the profits not going to US based shareholders, but foreign shareholers.
Here is a question. Do you want the US to become an EU style social democracy welfare state? Do you? Do you understand that a vote from a displaced worker is the same value as the vote of some manager?
There is going to be a tipping point, and I think it will be far sooner than later that a large part of the GOP base that is most impacted by this economic nonsense will just simpily stay home come election day, or worse, in spite, vote for a Democrat.
No and no. Wishful thinking on your part. There seems to be a lot of it on this thread and little else.
I am the last one who wants the govrenmnet to run the health care system, much less the US turning into a EU style state economically, but those will be the logical end results as US workers become more and more economically stressed.
Job outsourcing(and immigration) has put far more stresses on the US workforce, and sooner or later there will be a tipping point politically, and there will be a heavy price to be paid.
http://jobsearch.monster.com/jobsearch.asp?co=xtoymotx
I fully expect the Democrats to make the situation far worse, and turn the US into an economic equivlent of France and Germany, but that said, it is the foolish manner many companies have been acting that is going to make this dark future ever more likely. It is a game of give and take, companies should take a longer term view rather than a quarter by quarter view. The cost of keeping producting on US shores, and having an American workforce may be higher short term, but long term its worth it, because if the political dynamics of the country does shift, and shifts against business, shareholders will be in far more pain as their taxes go past Carter era levels.
It is called reading history. If you make light of history, and using history to give light to possible future eventsm, then you are on the kool-aid. The trends of job outsourceing and immigration(both H-1B and illegal) at their current rates will have a heavy political price to be paid. I know that is not in the Limbaugh/WSJ handbook, but thats reality.
By the time the people are angry enough to force a political shift, they simpily will not just stop at electing people who are anti globalist, they will elect those who are full on Socialist. The Open Border/Free Trade lobby will not fully understand what hit them in a few years.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.