New Meta survey: Bush good for outsourcing
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Almost half of the IT execs responding to a new Meta survey expect offshoring to increase if George Bush wins reelection as president. [Offshoring Blog]
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You have to say this for President Bush and his advisers: They are not a timid bunch.
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Why are they missing the boat? Small firms are falling behind in outsourcing IT functions, a new survey has revealed.â¦
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QUESTION: Good morning. Sir, does it bother you that there's a perception out there that your administration has been one that favors big business and wealthy individuals? And what can you do to overcome that, sir?
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President Bush&#39;s job approval rating climbed to 55 percent since winning re-election Nov. 2, the highest since the start of the year, according to a Gallup Organization poll for CNN and USA Today.
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Outsourcing is a word we hear more and more these days, but according to EMC Chairman and CEO Joe Tucci, it&#39;s one that&#39;s used too much.&quot;I think outsourcing is an over-used word. I think what you are going to see more of is companies willing to outsource a business process. So for instance, in EMC we outsource all our payroll but we outsource the entire process, not just the IT process. So I think you are going to see a lot more of that. I think you are not going to see wholesale take everything. I think that market is slowing down,&quot; he said.Tucci was speaking during a news conference on the sidelines of his company&#39;s EMC Forum event.He said outsourcing of specific functions, such as PC backup which EMC offers through its Berkeley Data Systems unit, is where he sees success in outsourcing.&quot;I see business process outsourcing speeding up, I see a slowdown in wholesale &#39;take my whole datacenter, take my applications and you do it for me.&#39; I think that market is not going to be a robust market,&quot; he said.Last week the data-storage company reported a&#160;third quarter net income&#160;of $493 million, up more than $200 million over the same period last year. Revenue jumped to $3.3 billion from $2.8 billion. The company was helped during the quarter by the&#160;sale of a partial stake&#160;in virtualization software maker VMware to Cisco Systems.&#160;EMC acquired VMware&#160;in 2003.Tucci said EMC might look at further acquisitions but is now focused on companies that will help grow its existing businesses.&quot;My philosophy is that I want to stay focused on what I call these eight spheres of technology, so acquisitions that we do would basically make some of these spheres stronger rather than put another sphere on the board,&quot; he said. The eight areas he referred to are: intelligent information management, enterprise content management, virtualization, resource management, storage, availability, security, and archiving.&quot;That being said, eventually we will add a new sphere but that&#39;s not my immediate attention,&quot; Tucci said.During the news conference Tucci also confirmed that Mark Lewis has become president of the company&#39;s Documentum unit. Lewis was previously chief development officer for EMC.
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Accounts for half of global deals Demand for outsourcing in Europe has increased dramatically in the first half of 2007, compared with the same period last year, according to the latest Quarterly Index from labour sourcing advisers TPI.â¦
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(OfficialWire) -- 11/02/04 -- George W. Bush has got some competition. It&#39;s not merely the so-called leader of the free world who wants to spend and borrow against the future
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WASHINGTON - On the eve of a presidential debate on domestic issues with employment a crucial concern, American textile companies and workers have asked President George W. Bush to help save their jobs by limiting Chinese imports, which may surge once a
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CLEVELAND Sept. 4, 2004 - Good news, or bad? President Bush and Democrat John Kerry have differing takes about the vitality of the nation&#39;s job market a question that&#39;s heating up this year&#39;s race for the White House.
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Outsourcing of American jobs to Asia has become a hot-button issue in the presidential election with White House aspirant Senator John Kerry promising the most sweeping reform of international tax law in four decades to halt the trend.
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In the battleground state of Wisconsin, more than 50,000 manufacturing jobs have been lost since George W. Bush took office, a bulk of them directly due to outsourcing, and the number of people unemployed in that state has increased by 40,000, according
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The Economist is currently reporting the results of a survey of professional economists. When asked the majority seemed to feel that the economy was safer in Kerry's hands than in Bush's. The Bush tax cuts seem to have gone down particularly poorly with this group.     On the more positive side for Bush, a significant number of the economists say they don't think the problems of the US economy are entirely his fault.
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(InfoWorld) - Export revenue of a large number of Indian outsourcing companies was brought under the tax net in the country's federal budget. The tax could be the first of measures by the government to reduce tax benefits for the country's outsourcing industry. Prices that outsourcers charge their customers are unlikely to go up as a result, but profit margins will be affected, said N. Ramachandran, chief financial officer of outsourcer iGATE Global Solutions. In his budget speech before India's Parliament Wednesday, Indian Finance Minister P. Chidambaram announced the decision to extend a minimum alternate tax (MAT) to income that is currently covered under tax exemptions. There are other tax issues looming for the Indian outsourcing industry, consisting of software services, business process outsourcing (BPO), and call center companies. A large number of the operations of these companies were set up under an export-promotion scheme called the Software Technology Parks of India (STPI), which entitled them to tax breaks under the Indian Income Tax Act. However, the STPI scheme ends next year. Although the industry and the National Association of Software and Service Companies (Nasscom) have asked for an extension of the scheme for another 10 years, the finance minister made no reference to this request in his budget speech. The imposition of MAT is disappointing, as is also the absence of any announcement on the continuation of tax benefits beyond next year, said Ananda Mukerji, managing director and CEO of Firstsource Solutions, a BPO company in Mumbai. If the STPI scheme is not renewed, outsourcing companies will have to locate themselves in special economic zones (SEZs) for tax benefits. Under the STPI scheme they could locate their facilities where it was most viable for them from the point of view of cost and availability of staff, Ramachandran said. A small group of executives in India's outsourcing industry, including N. R. Narayana Murthy, chairman of Infosys Technologies, believes that the outsourcing industry is now large enough to pay taxes at levels similar to other industries in India. The finance minister has also brought employee stock options (ESOPs) under a fringe benefit tax. This move will make current ESOPs expensive, and will make it difficult for the IT industry that uses ESOP as a major tool to attract talent, said Deepak Ghaisas, CEO of the India operations and chief financial officer of i-flex solutions ltd., a financial software company that is majority owned by Oracle. The focus of the budget this year was on the agriculture sector, where growth is faltering. India's gross domestic product is forecast to grow by 9.2 percent in the year to March 31, with 11.3 percent growth in the manufacturing sector, and 11.2 percent growth in the services sector. Growth in the country's agriculture sector is likely to be only about 2.3 percent. There are about 115 million families engaged in agriculture in the country.
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I really like how the Washington Post cites their endorsement of Kerry :  "EXPERTS TELL US that most voters have had no difficulty making up their minds in this year's presidential election. Half the nation is passionately for George W. Bush, the pollsters say, and half passionately for John F. Kerry -- or, at least, passionately against Mr. Bush. We have not been able to share in this passion, nor in the certainty. As readers of this page know, we find much to criticize in Mr. Bush's term but also more than a few things to admire. We find much to admire in Mr. Kerry's life of service, knowledge of the world and positions on a range of issues -- but also some things that give us pause. On ba ...
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Top foreign officials across Europe are either accepting or welcoming the second term for President Bush. Meeting in Moscow, Italian prime Minister Silvio Berlusconi and Russian President Vladimir Putin said they welcome the Bush win.
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President Bush&#39;s job approval rating climbed to 55% since he won reelection Nov. 2, the highest since the start of the year, according to a Gallup Poll for CNN and USA Today.