Interesting "Snippets" from The Washington Post
Snippet #1: "Tata Consultancy Services, India's largest outsourcing company, reported disappointing earnings, reflecting a falling dollar and higher costs for employee bonuses. Tata stock fell more than 8 percent, as investors began to question whether the $17 billion outsourcing industry could continue to grow 25 percent a year as companies bid up wages and IT centers quickly outgrow local infrastructure. A Deloitte study, meanwhile, found that a quarter of firms have brought outsourced functions back in house."
Good news for domestic IT workers ... while apparently "higher costs for employee bonuses" are finally getting overseas, the encouraging news is that "a quarter of firms have brought outsourced functions back in house".
We, at L**all have found that outsourcing, while a "quick and dirty" way of getting things done, is a complete pain in the rump. Language is a major issue, as is doing things "right" versus doing things "quick". Those of us left to support outsourced development efforts have found little or no internal documentation, and what IS there is hard to decipher.
Amen to the end of outsourcing (although it's unlikely to happen).
Snippet #2: "America West confirmed it was in merger talks with bankrupt US Airways. If completed, the deal could bring about exactly the consolidation analysts say the industry needs to return to profitability. The merger's path has been smoothed by US Airways employees' acceptance of wage and benefit cuts modeled on America West's contracts. With America West refusing to put up any cash, the deal may need as much as $500 million in additional investment. Another hurdle: finding a way to merge the pilot seniority lists."
How about this for another hurdle - How's going to put up this $500 million in additional investment? The Government? Or this hurdle: When is US Airways going to start pricing their routes like a "normal" airline (granted, if there is such a thing these days) to attract additional seats? However ... with UAIRQ.OB closing at $0.73 / share on Friday ... maybe not a bad penny stock, but then again, perhaps NOT. I don't think I'll count on it for my retirement.
Good news for domestic IT workers ... while apparently "higher costs for employee bonuses" are finally getting overseas, the encouraging news is that "a quarter of firms have brought outsourced functions back in house".
We, at L**all have found that outsourcing, while a "quick and dirty" way of getting things done, is a complete pain in the rump. Language is a major issue, as is doing things "right" versus doing things "quick". Those of us left to support outsourced development efforts have found little or no internal documentation, and what IS there is hard to decipher.
Amen to the end of outsourcing (although it's unlikely to happen).
Snippet #2: "America West confirmed it was in merger talks with bankrupt US Airways. If completed, the deal could bring about exactly the consolidation analysts say the industry needs to return to profitability. The merger's path has been smoothed by US Airways employees' acceptance of wage and benefit cuts modeled on America West's contracts. With America West refusing to put up any cash, the deal may need as much as $500 million in additional investment. Another hurdle: finding a way to merge the pilot seniority lists."
How about this for another hurdle - How's going to put up this $500 million in additional investment? The Government? Or this hurdle: When is US Airways going to start pricing their routes like a "normal" airline (granted, if there is such a thing these days) to attract additional seats? However ... with UAIRQ.OB closing at $0.73 / share on Friday ... maybe not a bad penny stock, but then again, perhaps NOT. I don't think I'll count on it for my retirement.
posted by Lee at
4/24/2005 09:49:00 AM
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