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PC Forum PC Help Forum » Community » The Lounge » Shares of "offshoring" companies on Wall Street

The Lounge - Shares of "offshoring" companies on Wall Street posted in the Community forums; There are people who fear the U.S. is losing its technology leadership because of offshore outsourcing. This is a lot of ****, because the U.S. is only securing its technological ...

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Old 11-14-2007
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Default Shares of "offshoring" companies on Wall Street

There are people who fear the U.S. is losing its technology leadership because of offshore outsourcing. This is a lot of ****, because the U.S. is only securing its technological competitive advantage. Though the Indian software engineers do the actual work, the ownership is the customer's. In some sense, it could be said that U.S. technology companies are racing out ahead of their global peers by tapping into the intellectual base that is in India. If the U.S. were to resist this in some way, it would create its future competitor. However, by embracing and directing it, the U.S. has pre-empted competition.

In a discussion with Indian leaders and college students, US Secretary of State Colin L Powell said, "Outsourcing is a natural effect of the global economic system, the rise of the Internet and broadband communications. You are not going to eliminate outsourcing.….." An appropriate US response to outsourcing was to press India to open up to imports of US investments, goods, and services, he said.

Rather than sweating over US jobs migrating to India and China, some investors are trying to profit from the flight instead. Shares of "offshoring" companies have been getting noticed on Wall Street. US firms are hiring these companies to perform back-office tasks such as software design and call centers for incredibly low costs. Some investors see this as a way to get a piece of what could be the next revolution to sweep business, much as re-engineering did in the ’80s and the Internet did in the ’90s.

The offshoring industry could potentially turn into a powerhouse with outsourcing to India continuing unabatedly. The hiring frenzy by Indian BPO & KPO continue, as India remains the undisputed leader of emerging markets to which developed economies are outsourcing high-technology jobs.


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Old 11-14-2007
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Default Re: Shares of "offshoring" companies on Wall Street

Hi Don't worry have you ever called one of those support centers in Bombay they maybe cheap but they don't know any thing I guess you get what you pay for You would be shocked how many customers Dell has lost in Australia due to out sourcing a few years back!



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